A major real estate collaboration is set to strengthen Mumbai based Lodha Developers Limited’s presence in the National Capital Region.
Lodha Developers Limited, which recently appointed Amandeep Singh as Regional CEO for Delhi-NCR, has entered into a partnership with Gurugram based MRG Group for 2 residential projects. According to sources, 1 project will be located on Sohna road, while the other is expected to come up on Golf Course Roar. Together, the 2 developments are estimated to have a combined revenue potential of over Rs 3600 crore.
The transaction was advised by a global real estate consultancy, which supported MRG Group on the deal. Commenting on the partnership, Rajjath Goel, Managing Director of MRG Group, said, “We will address a significant gap in NCR for high-quality living.” MRG Group is a diversified conglomerate with interests spanning the agro, finance and education sectors.
The NCR region is increasingly attracting leading developers from Mumbai and Bengaluru, driven by strong demand and steady price appreciation that is outperforming several other property markets in the country.
Mumbai based Oberoi Realty is expected to launch its first project in Gurugram within the current fiscal year. Rustomjee is also actively exploring land acquisition opportunities in the region. Developers from Bengaluru have already gained momentum, with Prestige Group and Sobha accelerating their expansion plans as NCR becomes their fastest-growing market.
Other established names such as Godrej Properties and Tata Realty, both headquartered in Mumbai, are continuing to strengthen their footprint across NCR. At the same time, new entrants like Dalcore are choosing Gurugram as the launchpad for their real estate ventures.
The growing interest from top developers highlights NCR’s emergence as one of India’s most competitive and attractive real estate destinations.
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