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Real estate firm Lodha Developers will invest around Rs 1,200 crore to build an iconic office complex on Golf Course Road, Gurugram, marking its entry into the Delhi-NCR property market, according to a senior company official. Last year, the Mumbai-based firm entered into a joint development agreement with MRG Group for two projects in Gurugram, one commercial and one residential. In an interview with PTI, Lodha Developers Ltd's Executive Director-Finance Sushil Modi said the company recently launched a commercial project, 'Lodha Pantheon', spread over 1.2 acres and comprising 4 lakh sq ft of saleable area. He said the company would sell office spaces in this Grade A++ commercial project. "We have launched our first project in Delhi-NCR. We are developing an iconic office complex on prime Golf Course Road. The total saleable area is 4 lakh sq ft across 27 floors," Modi said. Asked about the total project cost, Modi said it would be around Rs 1,100-1,200 crore. The floor plates ar
Real estate firm Mahindra Lifespace Developers Ltd will jointly develop a housing project in Bengaluru with an estimated revenue of Rs 1,250 crore. In a regulatory filing on Tuesday, the company announced "joint development of a 10.05-acre land parcel in North Bengaluru". Mahindra Lifespace did not name the landowner with whom it has entered into the joint development agreement. The project is estimated to offer about 1 million (10 lakh) sq ft of saleable area, and is expected to have a revenue potential of around Rs 1,250 crore. With this addition, the company now has three projects in the Bengaluru region, with a combined development potential of approximately 3 million sq ft of saleable area. Established in 1994, Mahindra Lifespace Developers Ltd's development footprint spans 55.90 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 acres of ongoing and forthcoming projects at industrial ..