Lodha enters NCR with a commercial office project on Golf Course Road, Gurugram
Published
Lodha, the Mumbai-based group operating under Lodha Developers Limited, formerly Macrotech Developers, is extending its footprint into the National Capital Region with a commercial office project in Gurugram. The development, planned for Sector 28 on Golf Course Road, is estimated to be worth between ₹1,600 crore and ₹1,700 crore, making it the group's first major commercial project in the region.
The announcement came on October 31, 2026, alongside the company's second-quarter update. Management indicated that its first pilot project in Delhi-NCR is expected to be launched during the festive season, with further launches planned across new locations. The Gurugram office project forms part of that broader push into the region, which follows a development partnership with the Gurugram-based MRG Group formed last year.
Project details and the Lodha–MRG partnership
The Gurugram project is a commercial office development, and buyer interest is therefore expected to come mainly from office occupiers and investors rather than homebuyers. The company has not yet announced the project name, unit configurations, price band or launch date for the building itself.
The entry into the region is structured as a development and brand partnership. Under the arrangement with MRG Group, announced in December 2025, Lodha contributes development and brand capability while sharing revenue with the landowner. The two companies said the combined revenue potential of the tie-up exceeds ₹3,600 crore, with Dwarka Expressway and Golf Course Extension Road identified as the sites for the initial projects.
Rajjath Goel, Managing Director of MRG Group, said that Lodha brings a legacy of trust, design excellence and a commitment to quality. Lodha's Executive Director of Finance, Sushil Kumar Modi, has said the company is seriously looking at Delhi-NCR as a market.
Location on Golf Course Road
Sector 28 sits along Golf Course Road, an arterial corridor in Gurugram that has become one of the city's principal office and luxury residential addresses. The corridor runs for roughly 8.3 kilometres and carries multiple lanes in each direction, and its southern end links directly into Golf Course Extension Road, also known as the Southern Peripheral Road.
Connectivity from the corridor includes the Rapid Metro Gurugram network, with elevated stations at Sector 42-43, Sector 53-54, Sector 54 Chowk and Sector 55-56. The Rapid Metro line connects to Sikanderpur, where it meets the Delhi Metro Yellow Line, linking the corridor to the wider Delhi network. Road access extends to Sohna Road, the Delhi-Mumbai Expressway and the Gurugram-Faridabad Highway.
Several infrastructure works are planned in the area. The Gurugram Metropolitan Development Authority has proposed an underpass at AIT Chowk to ease traffic on Golf Course Road, and an elevated road along the Southern Peripheral Road is planned to improve inter-sector movement. A third phase of the Rapid Metro has also been proposed to extend coverage to more sectors.
Property values along the wider corridor have risen steadily. Prices on the adjacent Golf Course Extension Road have moved from about ₹8,800 per sq ft in 2019 to more than ₹20,000 per sq ft at present, reflecting sustained demand for the Gurugram stretch.
About the developer
Lodha Developers Limited was renamed from Macrotech Developers Limited in June 2025 and is listed on the National Stock Exchange under the symbol LODHA and on the BSE under code 543287. The company was founded by Mangal Prabhat Lodha and is led by Managing Director and CEO Abhishek Lodha, who joined the firm in 2003.
Sales bookings grew 21 per cent in the last fiscal year to ₹17,630 crore. In the third quarter of FY26, the company recorded pre-sales of ₹5,620 crore, up 25 per cent year on year, and added five projects with a gross development value of ₹33,800 crore across the Mumbai Metropolitan Region, the National Capital Region and Bengaluru. In the second quarter of the current fiscal, sales bookings rose 10 per cent to ₹5,037 crore and revenue from operations increased 17.6 per cent to ₹4,468 crore.
Among the group's delivered and well-known projects are Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. In Bengaluru, the group's operations have moved past their initial pilot phase, with around ₹1,400 crore in pre-sales reported from the city by 2024-25.
Abhishek Lodha said the strength of the company's recent response reaffirms robust underlying demand for a quality brand like Lodha, and that it helps allay concerns around AI-led disruption affecting segments beyond affordable housing. The company also announced a residential pipeline of ₹20,000 crore for the second half of the year.
What comes next
The first pilot project in Delhi-NCR is slated for launch during the festive season, and the Gurugram commercial project is expected to follow as part of the company's NCR rollout. The next disclosed milestone is the start of NCR operations in FY27. Further details on the office project's name, configurations, pricing and launch timing are expected to be announced in the coming months as the company moves closer to launch.