Latest news with #SandeepChillar
Hindustan Times
21 hours ago
- Business
- Hindustan Times
Landmark Group to invest ₹400 crore in low-density luxury project on Gurugram's Dwarka Expressway
Gurugram-based Landmark Group will invest nearly ₹400 crore in its low-density luxury housing project 'Landmark SKYVUE' at Sector 103 on Dwarka Expressway, the company said on August 20. Landmark's Group chairman Sandeep Chillar (second from left) said that the new project, located in Gurugram's Dwarka Expressway, is spread across 4 acres and will feature just 240 apartments. Spread across 4 acres, the project will feature just 240 apartments and has a revenue potential of around ₹1,200 crore. Scheduled for delivery in four years, SKYVUE has been launched at ₹17,500 per sq ft, with apartments priced between ₹4.99 crore and ₹6.78 crore, the company said. 'We will invest ₹400 crore in the construction of our new project 'Landmark SKYVUE',' Landmark Group chairman Sandeep Chillar told reporters. 'It is a low-density development with 60 apartments per acre compared to the conventional 90–100.' He said the company has owned the land parcel since 2009 and has already cleared all approval charges with the government. He said the demand in the Gurugram market remains strong, driven by new infrastructure developments, including the opening of the Dwarka Expressway. The project forms part of an 11-acre land parcel, with Phase I delivered in 2013 and Phase III planned for FY2026. Phase II, spread across 4 acres, will offer 240 three-side-open residences in 3BHK + utility and 4.5BHK + utility formats. The towers will rise 40 floors above a three-level podium that will house retail, a 1-lakh sq ft club, and wellness facilities. The project will also feature a rooftop observatory. Also Read: Gurugram's affordable housing projects face residents' ire as missing 24-metre road becomes symbol of deeper crisis 'Our aim is to craft a community that combines design but doesn't compromise on comfort. We aim to put special emphasis on the modern-day needs of Indian families, including digitally forward amenity zones, skypad pickleball court, Japanese restaurant 'Sora', and a wellness-oriented club called 'Skydome' offering a meditation zone, plunge pool, and USFDA, CE, and ISO approved cryotherapy,' he said. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Also Read: Is Gurugram's luxury real estate boom sustainable? Experts weigh in on price and demand trends The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. It has other projects in its pipeline for FY2025-26, including the largest single tower commercial project measuring 2.2 million sq. ft. on Golf Course Extension Road, a high street retail project, and a large mixed-use project, both situated on Dwarka Expressway.
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Landmark Group to invest Rs 400 cr in Gurugram luxury housing project
NCR-based Landmark Group on Wednesday announced an investment of Rs 400 crore in the second phase of its luxury residential project, Landmark SKYVUE, in Sector 103, Gurugram, along the Dwarka Expressway. Spanning four acres out of the total project size of 11 acres, this phase will include 240 three-BHK and 4.5-BHK units across two high-rise towers. It is expected to generate revenue of about Rs 1,200 crore. 'The towers will have ground plus 42 floors, with private elevators, sky lounges and an observation deck as part of the project,' said Sandeep Chillar, chairman, Landmark Group. He added that the company has owned the land parcel since 2009, and all approval charges have been paid to the government. Chillar said the construction cost would be met through internal accruals, bank loans and customer advances against sales. The project has been launched at Rs 17,500 per square foot, with apartment prices ranging between Rs 5 crore and Rs 7 crore per unit. The chairman further said demand continues to remain strong in the Gurugram market, supported by infrastructure developments, including the opening of the Dwarka Expressway. The first phase of the project was delivered in 2013, while the second phase is expected to be completed within four years. A third phase is also planned for launch later this financial year. The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR.
Business Standard
a day ago
- Business
- Business Standard
Landmark Group to invest ₹400 crore in new Gurugram housing project
The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram "We will invest ₹400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. | Source: Facebook Press Trust of India New Delhi Realty firm Landmark Group will invest ₹400 crore in the construction of its new housing project in Gurugram. The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram. "We will invest ₹400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. He said the company has owned this land parcel since 2009, and all approval charges have been paid to the government. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Landmark Group will sell apartments in a price range of ₹5-7 crore per unit. The launch price is ₹17,500 per sq ft. The chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka Expressway. The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
a day ago
- Business
- Economic Times
Landmark Group to invest Rs 400 cr for construction of Gurugram housing project
Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in Gurugram. ADVERTISEMENT The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram. "We will invest Rs 400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. He said the company has owned this land parcel since 2009, and all approval charges have been paid to the government. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Landmark Group will sell apartments in a price range of Rs 5-7 crore per unit. The launch price is Rs 17,500 per sq ft. ADVERTISEMENT The chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka Expressway. Unlock 500+ Stock Recos on App The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Landmark Group to invest Rs 400 cr for construction of Gurugram housing project
Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in Gurugram. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram."We will invest Rs 400 crore on construction of our new project ' Landmark SKYVUE '," Landmark Group Chairman Sandeep Chillar told reporters said the company has owned this land parcel since 2009, and all approval charges have been paid to the said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against Group will sell apartments in a price range of Rs 5-7 crore per unit. The launch price is Rs 17,500 per sq chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR.
