Landmark Group adds 22-acre Dwarka Expressway site to its Gurugram pipeline

Landmark Group said on Friday, 30 October 2026, that it has acquired a land parcel of more than 22 acres directly on Dwarka Expressway in Gurugram for an integrated development. The company put the combined expected sales potential of this project and its Landmark One office project at about ₹15,000 crore. The Dwarka project accounts for ₹11,000 crore and Landmark One for about ₹4,000 crore. The company describes the Dwarka parcel as proposed.

The group plans a five-star hotel, branded serviced apartments, premium retail and a corporate office block on the land. Descriptions of the project differ on whether it includes residential units, so buyers should not read residential sales into the figures yet. One trade report put the land cost at about ₹660 crore, or roughly ₹30 crore an acre. The company has not, in the material available, confirmed that price.

Landmark One carries most of the disclosed numbers

Landmark One is a 2.1 million sq ft Grade A+ office tower on Golf Course Extension Road in Sector 67. The company has put its construction cost at about ₹1,000 crore and its land value at around ₹550 crore, a combined ₹1,550 crore. Against that, it expects total sales of about ₹4,000 crore. The same announcement said the group has secured ₹330 crore of construction finance from State Bank of India for the project.

Pankaj Pal, Managing Director, said: "Landmark One, with an expected total sale value of approximately ₹4,000 crore, presents an opportunity to deliver a corporate environment that competes with the finest office developments internationally." Sandeep Chhillar, Founder and Chairman, said the financing was an important milestone for the project and reflected the lender's confidence in the project and the developer. He added: "We are entering a defining phase of growth, with a focus on developments that combine scale, quality and long-term value creation."

• Landmark One: expected sales of about ₹4,000 crore against a combined construction and land value of about ₹1,550 crore, per company figures.
• Landmark One: the company has set a target completion of May 2033.
• Dwarka parcel: no approval filings, launch date or construction start have been disclosed.
• Track record: the company says it has delivered 15 housing and five commercial projects, mostly in Delhi-NCR.

Track record and a regulatory caveat

A RERA tracker lists one earlier project, Landmark Cyberpark, as a lapsed project. The same tracker notes a complaint history involving assured return disputes and delayed possession. Investors weighing the group's expansion should check the current status of past projects on the relevant RERA portal.

The Dwarka Expressway, also known as NH 248-BB, is an operational 27.6 km road that gives an alternate link between Delhi and Gurugram. The group's Landmark SKYVUE Phase II, a residential project in Sector 103 along the same road, was announced in August 2025 with an investment of ₹400 crore. Chhillar said demand in the Gurugram market remains robust, supported by major infrastructure projects such as the Dwarka Expressway. Metro extension deeper into the corridor's sectors is still under planning, and no confirmed timeline is available.

For investors, three things will matter. The first is whether the ₹15,000 crore sales potential converts into booked sales. The second is how the group funds construction and manages its debt as work proceeds; an outside analysis of the plan named this as the key test for its long-term success. The third is whether the Dwarka parcel gets approvals and a launch date. Until then, the sales potential figures remain company estimates.