Lodha Developers, a major real estate company based in Mumbai, has come to the Delhi–NCR market with a strategic partnership with the MRG Group from Gurugram to create two marquee real estate projects in Gurugram. The planned developments of the two locations that are the prime of the city aim to accumulate a combined revenue potential of more than ₹3,600 crore, thereby representing a considerable milestone in the expansion of Lodha Developers beyond its core western India markets.
This partnership is a formal recognition of the entrance of Lodha Developers in the residential and commercial real estate segment of Delhi–NCR. The company has a project in the region, which is a warehousing project, but the developments in Gurugram will be the first large-scale housing and commercial ventures of the company in NCR. According to the MRG Group, the main theme of these projects is to establish new standards in the region in terms of design, quality of construction, and integrated development standards.
The projects covering the city of Gurugram that has been and is still turning into highly valuable districts with demands from homebuyers, corporates, and investors because of the closeness of the place to Delhi, a strong office market, and growing infrastructure. Gurugram has been one of the most active real estate markets in India over time, and this situation has been supported by the steady absorption of both residential and commercial segments.
Cushman & Wakefield was the advisor to MRG Group for this deal, thus facilitating the partnership between the two developers. The collaboration with Lodha Developers brings in ways the company's proficiency in delivering on large-scale, quality developments in diverse markets like Mumbai, Pune, and London, with the MRG Group's profound local insight and knowledge of the Gurugram real estate landscape.
Rajjath Goel, Managing Director, MRG Group, commenting on the partnership, said, “We are excited to join hands with Lodha Group. Lodha brings a legacy of trust, design excellence, and an unwavering commitment to quality, and is poised to address a significant gap in NCR for high-quality living. This also showcases our confidence in Gurugram’s continued strength as India’s most aspirational real estate market.”
In July 2025, Lodha Developers also conveyed their intention to close one or more land deals in Delhi–NCR during the financial year for the purpose of launching their first project the following fiscal. The collaboration with MRG Group is in line with this strategic plan and allows Lodha Developers to speed up their northern real estate market entry by a joint development approach.
The new Gurugram projects will be able to take advantage of the current and ongoing infrastructure improvements such as better arterial road connectivity, metro network expansion, and the closeness to major employment hubs. These reasons are still fueling the demand for high-end residential and commercial developments in the city.
The partnership between Lodha and MRG highlights the developers’ growing confidence in the real estate fundamentals of Gurugram. This partnership will create a positive impact on the market by adding quality supply and enhancing competition in the premium segment. The buyers and investors will have access to the developments that attract the support of the established real estate players.
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