Another Mumbai-based real estate developer, Lodha Developers, plans to enter the residential market in Gurugram. The company would launch its first project either towards the end of this fiscal year or in the first quarter of the upcoming fiscal year, as per Abhishek Lodha, the company's CEO & MD.
The same strategy from pilot to scale, which we have successfully done in Bangalore and Pune. 'What they are planning to do for the Delhi NCR region,' said Abhishek Lodha while making the earnings call for Q4 FY26 in April 2026.
The construction would commence in the next quarter, and the project is expected to be launched in the fourth quarter of the current fiscal year. The start date of the next fiscal year, as per Lodha.
As per this group, the Delhi-NCR region is the second-largest housing market in India. The company hopes to capitalise on its operational and branding expertise within the region, just like it has done elsewhere before.
Apart from this, Oberoi Realty from Mumbai has also launched its luxury apartment project called " Oberoi Realty 360 North " located in Sector 58, Gurgaon. The entry of big players like Lodha and Oberoi into Gurgaon signals the growing need for luxury real estate in NCR.
Lodha Developers has officially entered the Delhi NCR real estate market by picking up Gurugram as the launch pad for itself. The major real estate developer from Mumbai enters the market using an effective and calculated joint development agreement with the MRG Group, the giant of Gurugram.
The agreement has been signed on two significant projects worth more than ₹3,600 crore. Soon, the construction work will begin, and the company plans to launch the first residential project by the end of FY27 or FY28. After expanding successfully in Pune and Bengaluru, the company plans to enter Delhi NCR in a phased manner.
The company has appointed Amandeep Singh as the regional CEO for Delhi-NCR to establish its presence in Northern India. The credibility of the JDA was gained through the services of Cushman & Wakefield, a global real estate consultancy firm, which helped MRG Group with the deal.
In December 2025, the developers joined hands with Gurugram-based MRG Group in order to make their debut in the NCR market. Under this partnership, two landmark projects are to be developed by Lodha along the premium corridors in Gurugram that have revenue possibilities of over ₹3,600 crore.
The group had already made an announcement in October 2025 that its plans to enter the NCR area would cover both Gurugram and Noida. "I can say for sure that our primary consideration in this instance will most likely be Gurugram, but that doesn't mean that other areas of the NCR will not be taken into consideration."
These factors together have convinced the company that Gurugram is the best place to launch its Delhi-NCR mission. The company’s management has also stated that Gurugram comprises a major portion of the entire NCR real estate market.
Lodha’s arrival will create several opportunities for homebuyers as well as investors.
First, homebuyers will benefit from yet another reputed developer, offering high-quality construction, good layouts, contemporary features, and timely completion of projects.
Secondly, the increased competition among reputed developers is likely to offer better products, better customer service, and better community planning.
Investors will also benefit from Lodha’s arrival since the value of properties in Gurugram is continuously rising on account of improved infrastructure, job prospects, and demand from both Indian and foreign buyers.
Also, early investments in projects offered by the reputed developers are known to offer substantial appreciation, especially in micro-markets. Consequently, Lodha’s upcoming project is likely to draw a lot of interest from both users and investors.
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It is going to have a very positive impact on the Gurgaon real estate market. It would imply that the products would be of higher quality, there would be better planning of projects, and there would be increased competition.
The ongoing infrastructural development, employment opportunities, and demand for luxury homes will continue to contribute to growth in the coming years.
According to the observers of the industry, Gurugram would remain amongst the most lucrative destinations for residential investments in India in the upcoming years.
The planned entry of developers into Gurugram entails far more than introducing another housing project. In fact, it underscores the importance of the city in the Indian real estate market.
With the effective growth strategy, association with MRG Group, and complete faith in the bright future of the Delhi-NCR region, it is well-prepared to be a significant player in the premium housing market in Gurugram.
However, this aside, the continued improvement in the city’s infrastructure, connectivity, corporate presence, and need for housing will continue to make Gurugram a highly investable city.
As FY27 gets closer to FY28, everyone will pay attention to Lodha’s first housing project in Gurugram. If it manages to repeat its success stories from Bengaluru and Pune, there may be another growth phase for the Gurugram residential market.
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