Landmark Group Invests ₹400 Crore in Luxurious Low-Density Project on Gurugram’s Dwarka Expressway

Gurugram-based Landmark Group is making a significant investment of nearly ₹400 crore in its new low-density luxury housing project, 'Landmark SKYVUE,' located at Sector 103 on the Dwarka Expressway. The project was announced on August 20, marking a significant step in the company's expansion and development in the region.

Spread across 4 acres, the project will feature just 240 apartments, offering a revenue potential of around ₹1,200 crore. The development is scheduled for delivery in four years, with apartments priced between ₹4.99 crore and ₹6.78 crore. The project will be launched at ₹17,500 per sq ft.

According to Sandeep Chhillar, chairman of Landmark Group, the investment in 'Landmark SKYVUE' is a strategic move to capitalize on the growing demand in the Gurugram market. “We will invest ₹400 crore in the construction of our new project ‘Landmark SKYVUE’,” Chhillar told reporters. “It is a low-density development with 60 apartments per acre compared to the conventional 90–100.”

The company has owned the land parcel since 2009 and has already cleared all necessary approvals with the government. Chhillar emphasized that the demand in the Gurugram market remains strong, driven by new infrastructure developments, including the opening of the Dwarka Expressway.

The project is part of an 11-acre land parcel, with Phase I delivered in 2013 and Phase III planned for FY2026. Phase II, which is currently under development, will span 4 acres and offer 240 three-side-open residences in 3BHK + utility and 4.5BHK + utility formats. The towers will rise 40 floors above a three-level podium that will house retail, a 1-lakh sq ft club, and wellness facilities. The project will also feature a rooftop observatory.

Chhillar highlighted the company's commitment to creating a community that combines modern design with comfort. “Our aim is to craft a community that combines design but doesn’t compromise on comfort. We aim to put special emphasis on the modern-day needs of Indian families, including digitally forward amenity zones, a skypad pickleball court, a Japanese restaurant ‘Sora’, and a wellness-oriented club called ‘Skydome’ offering a meditation zone, plunge pool, and USFDA, CE, and ISO approved cryotherapy,” he said.

The construction cost will be funded through a combination of internal accruals, bank loans, and advances from customers against sales. Landmark Group has a track record of delivering successful projects, having completed 15 housing and five commercial projects, mostly in the Delhi-NCR region.

Looking ahead, the company has several other projects in the pipeline for FY2025-26, including the largest single tower commercial project measuring 2.2 million sq. ft. on Golf Course Extension Road, a high street retail project, and a large mixed-use project, both situated on the Dwarka Expressway. These projects are expected to further strengthen Landmark Group's position in the real estate market and contribute to the ongoing development of Gurugram.