by SKJ Landbase 
Landmark Group plans to invest approximately ₹1,000 crore in Landmark One, its 2.1 million sq. ft. commercial development on Golf Course Extension Road, Gurugram. The project marks a significant step in the developer’s expansion across premium commercial real estate, while its proposed development on Dwarka Expressway could further reshape its presence in the NCR market.
The announcement also highlights the growing scale of Gurugram’s commercial property market, where developers continue to target demand for premium office spaces, corporate infrastructure and mixed-use destinations.
Landmark One: ₹1,000 Crore Investment on Golf Course Extension Road
Landmark Group will invest around ₹1,000 crore in the construction of Landmark One, a commercial development spread across approximately 2.1 million sq. ft. on Golf Course Extension Road.
The project carries an estimated total sale value of ₹4,000 crore, while the underlying land holds an estimated value of ₹550 crore. Landmark Group has also secured ₹330 crore in construction finance from the State Bank of India (SBI) for the first phase. The company secured this funding at an interest rate of 9.4%.
The first phase carries an estimated construction cost of ₹481 crore. Managing Director Pankaj Pal said the company plans to sell approximately five lakh sq. ft. to repay the bank financing and support further expansion. The group also plans to retain around 10 lakh sq. ft. to generate long-term annuity income.
Landmark One currently stands under construction, and its RERA timeline targets completion by May 2033.
Key Highlights of Landmark One
| Project detail | Information |
|---|---|
| Developer | Landmark Group |
| Project name | Landmark One |
| Location | Golf Course Extension Road, Gurugram |
| Development area | Approx. 2.1 million sq. ft. |
| Construction investment | Approx. ₹1,000 crore |
| Estimated land value | Approx. ₹550 crore |
| Estimated total sale value | Approx. ₹4,000 crore |
| SBI construction finance | ₹330 crore |
| First-phase construction cost | Approx. ₹481 crore |
| Planned office floor plates | 55,000–1,00,000 sq. ft. |
| RERA completion timeline | May 2033 |
Landmark Group Plans a Major Mixed-Use Development on Dwarka Expressway
Alongside Landmark One, Landmark Group has acquired more than 22 acres on Dwarka Expressway for a proposed integrated development. The company estimates a sales potential of approximately ₹11,000 crore for this project.
The developer plans to combine hospitality, retail, office and residential spaces within this large development. Its proposed components include:
- A five-star hotel
- Branded serviced apartments
- Premium retail spaces
- Corporate office spaces
- Residential development
The company estimates an overall development potential of approximately 50–55 lakh sq. ft. across the land parcel.
Landmark Group plans to allocate around seven acres, with approximately 15 lakh sq. ft. of development potential, to the hotel, branded serviced apartments, retail and corporate office components. The remaining 15 acres could accommodate around 40 lakh sq. ft. of residential development.
The group acquired the land for approximately ₹660 crore, at an estimated cost of ₹30 crore per acre. The project remains in the planning stage, so the developer may refine its final configuration as planning progresses.
Landmark Group’s Combined NCR Development Pipeline Reaches ₹15,000 Crore
Landmark One and the proposed Dwarka Expressway project together carry an estimated sales potential of approximately ₹15,000 crore.
This expansion reflects Landmark Group’s strategy to strengthen its presence across multiple real estate segments. The developer aims to combine commercial office assets that can generate recurring rental income with residential and hospitality-led developments that can create additional sales opportunities.
The group also holds land parcels in other Gurugram locations. It owns approximately 10 acres in Sector 103, including a five-acre licensed parcel. The company also owns 2.5 acres in Sector 89, where it plans to develop around 2.5 lakh sq. ft. of retail and Grade B office space.
What Does This Investment Mean for Gurugram’s Commercial Real Estate Market?
Landmark Group’s investment plan signals continued developer confidence in Gurugram’s commercial property market. Golf Course Extension Road has emerged as an important business and real estate corridor, supported by its residential catchment, road connectivity and access to established commercial districts.
Large office developments can attract corporate occupiers that seek modern workplaces, flexible office layouts and well-connected business addresses. They can also support demand for nearby retail, food and beverage, hospitality and residential properties.
The proposed Dwarka Expressway development adds another dimension to this expansion. By combining residential spaces with hospitality, branded serviced apartments, retail and offices, Landmark Group aims to create an integrated destination rather than a standalone commercial project.
However, buyers and investors should distinguish between a project’s announced potential and its actual delivery. They should verify the relevant RERA registration, approvals, construction milestones, lease demand and financial details before making an investment decision.
Expert Perspective: Sanjeev Singh, MD of SKJ Landbase
Sanjeev Singh says that Landmark Group’s planned investment reflects the growing importance of large-scale commercial developments in Gurugram.
“Gurugram continues to attract developers and businesses because the city offers a strong combination of corporate demand, residential growth and improving infrastructure. Landmark One’s planned investment on Golf Course Extension Road reflects the opportunity in premium office spaces, particularly as companies look for modern workplaces and well-connected business locations.
The proposed Dwarka Expressway development also deserves attention because it combines residential, hospitality, retail and commercial components. Such integrated developments can create a stronger ecosystem around a project and contribute to the long-term growth of the surrounding corridor.
However, investors should evaluate every commercial opportunity through its location, development approvals, construction progress, leasing potential and long-term demand. A large investment announcement creates interest, but execution and asset quality ultimately determine lasting value.”
Conclusion
Landmark Group’s ₹1,000 crore construction investment in Landmark One and its proposed Dwarka Expressway development represent a major expansion across Gurugram’s commercial and mixed-use real estate segments.
With a combined estimated sales potential of ₹15,000 crore, the two developments could strengthen the group’s position in the NCR market. Landmark One will add a significant office asset to Golf Course Extension Road, while the Dwarka Expressway project could introduce a large integrated destination combining residential, hospitality, retail and corporate spaces.
For Gurugram’s property market, these plans underline the growing role of commercial infrastructure and mixed-use development in shaping the city’s next phase of real estate growth.
Source: ETRealty, October 30, 2026.
