Landmark Group Plans to Spend ₹400 Crore on Gurugram Luxury Housing Project

Landmark Group has announced plans to put ₹400 crore into the second phase of its residential project, Landmark SKYVUE, coming up in Sector 103, Gurugram, along the Dwarka Expressway, as per news reports.

Project Scale

As per news reports, this phase will be developed on 4 acres out of the total 11-acre site. It will include 240 apartments designed as 3-BHK and 4.5-BHK units. The construction will consist of 2 towers, each with ground plus 42 floors.

The company expects this phase to generate revenue of around ₹1,200 crore. Apartment prices have been set in the range of ₹5 crore to ₹7 crore per unit, launched at a rate of ₹17,500 per square foot.

Construction will be financed through a mix of internal accruals, bank loans, and customer advances. The company noted that it has owned the land parcel since 2009 and has already paid all approval charges.

Project Features

The towers in this phase will include private elevators, sky lounges, and an observation deck. The phase is targeted for completion in 4 years.

As per news reports, Sandeep Chhillar, chairman, Landmark Group, stated, “The towers will have ground plus 42 floors, with private elevators, sky lounges and an observation deck as part of the project”.

The first phase of the project was delivered in 2013. A third phase is also scheduled to be launched later in the current financial year, adding to the overall development plan.

So far, Landmark Group has completed 15 housing projects and five commercial projects, largely in the Delhi-NCR region. The company continues to focus on Gurugram as a key market.

Read more: Adani Ports Raises US$125 Million from Japanese Bank MUFG for Reducing Debt and Building New Ports!

Conclusion

The ₹400 crore investment in Landmark SKYVUE’s second phase will add 240 apartments to the Gurugram market. With earlier phases delivered and future ones planned, the project remains part of the company’s broader real estate portfolio in the region.

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