Office Projects
Lodha Enters NCR With Up to ₹1,700 Crore Gurugram Office Project on Golf Course Road
Lodha, the Mumbai-based developer listed as Lodha Developers Ltd, is moving into Gurugram with a commercial office project in Sector 28, Golf Course Road, reported at up to ₹1,700 crore. The project is at the announced stage and has not yet launched, as of 31 October 2026.
| Developer | Lodha Developers Ltd (formerly Macrotech Developers Ltd) |
|---|---|
| Location | Sector 28, Golf Course Road, Gurugram, Haryana |
| Project type | Commercial office project |
| Reported value | ₹1,600–1,700 crore (up to ₹1,700 crore in the same report) |
| Partner in NCR | MRG Group, Gurugram-based developer and land partner |
| Company timing for NCR pilot | Launch during the festive season, per company statements in late October 2026 |
| Q2 sales bookings | Up 10% to ₹5,037 crore in the second quarter of this fiscal year |
| Status as of 31 October 2026 | Announced; not yet launched |
What happened
On 31 October 2026, reports said Lodha is launching its first major commercial project in Gurugram, valued at up to ₹1,700 crore. The project is in Sector 28 on Golf Course Road and is described as a commercial office development. The news came alongside the company’s second-quarter update.
Reports put the estimated value at between ₹1,600 crore and ₹1,700 crore. The company has not yet launched the project, and it has been described as an announced project.
Not Lodha’s first move into NCR
The office project is not Lodha’s first entry into the National Capital Region. In December 2025, Lodha announced a joint development agreement with the Gurugram-based MRG Group. Lodha is entering as a development and brand partner, sharing revenue with the landowner. That tie-up was confirmed by MRG Group on 16 December 2025 and was reported with a combined revenue potential of more than ₹3,600 crore. The named sites were on Dwarka Expressway and Golf Course Extension Road.
The office project on Golf Course Road is therefore a further step in an NCR push that began in late 2025.
Reported figures differ
Coverage of the company’s NCR plans uses different numbers, and they should be read separately:
- One report values the Gurugram office project at ₹1,600–1,700 crore.
- A separate analysis describes Lodha’s NCR pilot as two Gurgaon joint-development projects worth ₹330 crore, scheduled to start operations in FY27.
The sources do not show whether the two figures refer to the same project or to different parts of the company’s NCR plans. Readers should treat the ₹1,700 crore figure as the reported estimate for the Golf Course Road office project.
What the company has said
In its second-quarter results, the company said the first pilot project in Delhi-NCR would be launched this festive season, and that further launches are planned across new locations. Business Standard reported that the company is aiming to launch a project in the NCR during the festive season.
Abhishek Lodha, MD and CEO of Lodha Developers Ltd, said: “The strength of this response reaffirms robust underlying demand for a quality brand like Lodha and helps allay concerns around AI-led disruption impacting segments beyond affordable housing.”
Q2 financials reported by Business Standard show revenue from operations rose 17.6% to ₹4,468 crore, compared with ₹3,798 crore a year earlier. The company also announced a ₹20,000 crore residential pipeline for the second half of the year.
About the developer
Lodha Developers Limited was renamed from Macrotech Developers Limited on 16 June 2025. It is listed on the NSE as LODHA and on the BSE. Its delivered projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park.
In the third quarter of FY26, the company added five projects with a gross development value of ₹33,800 crore across the Mumbai metropolitan region, the NCR and Bengaluru. Its third-quarter pre-sales were reported at ₹5,620 crore, up 25% year on year.
Abhishek Lodha, the current CEO, joined the company in 2003.
Location and connectivity
Golf Course Road in Gurugram is an 8.3-kilometre arterial corridor. Five elevated Rapid Metro Gurugram stations serve it: Sector 42-43, Sector 53-54, Sector 54 Chowk, Sector 55-56 and Phase 1. Rapid Metro Line 11 connects Sectors 55–56 to Sikanderpur, where it links to the Delhi Metro Yellow Line.
At its southern end, Golf Course Road becomes Golf Course Extension Road, also called the Southern Peripheral Road. This links to Sohna Road, the Delhi-Mumbai Expressway (NH-148N) and the Gurugram-Faridabad Highway.
Planned works in the area include an underpass at AIT Chowk, which the Gurugram Metropolitan Development Authority has proposed to ease congestion, an elevated road to the Southern Peripheral Road, and a proposed Phase-III extension of Rapid Metro to connect more sectors.
Market context
The Delhi-NCR market has been led by established developers such as DLF. Other large firms, including Oberoi Realty and Puravankara, are also expanding in high-growth corridors. One business report said the entry of a player like Lodha is likely to disrupt the status quo in a market it described as fragmented. That report is an older article.
Prices on the adjacent Golf Course Extension Road have risen sharply. One real estate report says they went from about ₹8,800 per sq ft in 2019 to over ₹20,000 per sq ft at the time of reporting. This refers to the extension road, not Sector 28.
What it means for buyers and investors
This is an office project. Its direct effect is on office occupiers and investors rather than homebuyers. For residential buyers, the company’s NCR residential plans are a separate matter and no residential project in Sector 28 has been reported.
Anyone considering a purchase should confirm RERA registration before paying any amount. Check the project’s registration on the relevant Haryana RERA portal, and compare the developer’s announced timelines with the registration details.
What comes next
- Festive-season launch: The company has said its first NCR pilot will launch this festive season. Reports do not give an exact date.
- NCR operations: The next disclosed milestone is the start of NCR operations in FY27.
- Residential pipeline: The ₹20,000 crore residential pipeline is planned for the second half of the year.
- Further launches: The company has said more launches are planned in new locations.
Frequently asked questions
Is the Lodha project on Golf Course Road a residential or office development?
Reports describe it as a commercial office project in Sector 28, Golf Course Road, Gurugram. Its buyers would mainly be office occupiers and investors.
How much is the Lodha Gurugram project worth?
One report puts the estimated value at between ₹1,600 crore and ₹1,700 crore, described as up to ₹1,700 crore. A separate analysis describes Lodha’s NCR pilot as two projects worth ₹330 crore, so the figures should be read carefully.
Is this Lodha’s first project in the National Capital Region?
No. Lodha announced a joint development agreement with MRG Group in December 2025 covering sites on Dwarka Expressway and Golf Course Extension Road. The Golf Course Road office project is a further NCR step.
When will the Lodha Golf Course Road office project launch?
The company has said its first NCR pilot will launch during the festive season. Reports do not give an exact date for this project. As of 31 October 2026, it is announced and not yet launched.
What should buyers check before paying for a Lodha project in Gurugram?
Confirm the project’s RERA registration before paying anything. Check the registration number, the approved plan and the timeline on the Haryana RERA portal.
How is Golf Course Road connected?
Five elevated Rapid Metro Gurugram stations serve the corridor. Rapid Metro Line 11 links Sectors 55–56 to Sikanderpur, which connects to the Delhi Metro Yellow Line. The road also links to Sohna Road, the Delhi-Mumbai Expressway and the Gurugram-Faridabad Highway.