Lodha Developers Enters Delhi-NCR Market with ₹3,600 Crore Gurugram Projects

• Partnership expected to generate ₹3,600 crore revenue from two marquee Gurugram projects

• Projects will focus on premium residential and commercial developments

• Cushman & Wakefield advised MRG on the deal

In a significant move for the Delhi-NCR real estate market, Lodha Developers has officially entered the region through a strategic partnership with Gurugram-based MRG Group. The collaboration will see the launch of two major projects in prime Gurugram locations, together expected to generate revenues exceeding ₹3,600 crore, according to MRG Group.

The projects are designed to raise the bar for premium residential and commercial developments in Gurugram, reflecting a growing demand for high-quality urban living and office spaces in one of India’s most aspirational real estate markets. While Lodha has long been a dominant player in Mumbai and other cities, this marks its first significant presence in Delhi-NCR, although the company is already developing a warehousing project in the region.

The transaction was facilitated by Cushman & Wakefield, which advised MRG Group on the partnership. The deal underscores the increasing trend of collaborations between established developers to tap into high-growth urban corridors.

MRG Group Perspective

Rajjath Goel, Managing Director of MRG Group, expressed optimism about the collaboration, stating, “We are excited to join hands with Lodha Group. Lodha brings a legacy of trust, design excellence, and an unwavering commitment to quality, and is poised to address a significant gap in NCR for high-quality living. This also showcases our confidence in Gurugram’s continued strength as India’s most aspirational real estate market.”

The statement highlights the strategic vision behind the partnership: combining Lodha’s nationwide reputation and premium design expertise with MRG’s strong local presence and market understanding. The projects are expected to cater to high-net-worth individuals and corporate clients seeking world-class living and commercial spaces.

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Lodha Developers’ NCR Strategy

While Lodha Developers has yet to provide a formal comment on the partnership, company executives have previously outlined their strategy for the NCR region. During an investor call on October 31, Abhishek Lodha, Managing Director and CEO, noted: “At this stage, our initial focus is most likely to be in Gurugram, but it does not mean that we do not look at any other part of the NCR. It’s quite likely that we will start off on the Gurugram side of the NCR.”

Earlier in July 2025, Abhishek Lodha also shared that the company expects to finalize one or more land acquisitions in Delhi-NCR during the current fiscal year, laying the groundwork for its first major project launch in the following financial year. This aligns with the broader trend of Mumbai-based developers expanding into NCR to meet rising demand for premium housing and commercial developments outside Mumbai.

Market Outlook

Gurugram has increasingly emerged as a hotspot for high-end real estate due to its connectivity, corporate hubs, and lifestyle amenities. The Lodha-MRG projects are expected to contribute significantly to the city’s premium property segment, potentially setting new benchmarks in design, construction quality, and integrated living spaces.

The collaboration also signals confidence in the Delhi-NCR property market, which continues to attract both domestic and international investors seeking long-term growth opportunities. Analysts believe that such partnerships may encourage other top-tier developers to explore similar ventures, further elevating the region’s real estate landscape.

Also Read: Godrej Properties Achieves ₹2,600 Crore Sales in First Year in Hyderabad

With Lodha’s entry, the Delhi-NCR market can expect a new wave of premium residential and commercial projects, catering to buyers who prioritize design, quality, and lifestyle-centric amenities.