Mumbai-based Lodha Developers is expanding its presence in the Delhi-NCR real estate market. The company has launched its first commercial project, Lodha Pantheon, on Gurugram’s Golf Course Road. The developer plans to invest around ₹1,100–1,200 crore in the development.
The project covers 1.2 acres and offers approximately 4 lakh sq. ft. of saleable office space. It will feature 27 floors with large office floor plates. These spaces will range from 13,000–15,000 sq. ft. to 20,000–25,000 sq. ft.
Lodha Developers will sell office spaces directly to businesses. The project falls under the Grade A commercial category. Sushil Modi, Executive Director – Finance at Lodha Developers, confirmed the development in an interview with PTI. He also said that the company had received an encouraging initial response from customers.
According to Modi, Gurugram has strong demand for premium office spaces. Several businesses prefer purchasing office premises instead of committing to long-term rental agreements. Golf Course Road remains one of the city’s most sought-after commercial locations. It also commands premium property values across residential and commercial segments.
Alongside its commercial expansion, Lodha Developers is preparing another project in Gurugram. The company aims to launch a residential development on Sohna Road during the fourth quarter of FY2026-27. Both developments will help the company understand the Delhi-NCR property market before expanding its operations further.
Last year, Lodha Developers signed a joint development agreement with MRG Group. The agreement covered two Gurugram projects, including one residential and one commercial development. The company already has a strong presence in the Mumbai Metropolitan Region, Pune and Bengaluru.
The expansion comes amid growth in the company’s financial performance. Lodha Developers reported sales bookings of ₹5,037 crore in the second quarter of FY2026-27. This marked a 10% increase compared with the corresponding period last year. Moreover, its first-half sales bookings reached ₹9,670 crore, registering 7% annual growth.
The company has set a sales booking target of ₹24,000 crore for FY2026-27. It recorded ₹20,530 crore in sales bookings during FY2025-26.
Lodha Developers also reported a 28% rise in consolidated net profit. Its profit reached ₹1,013.5 crore in the September quarter, compared with ₹789.8 crore a year earlier. Meanwhile, total income increased to ₹4,584.9 crore from ₹3,878.9 crore.
With its latest commercial launch and upcoming residential development, Lodha Developers is taking its first major steps towards building a stronger presence in the Delhi-NCR real estate market.
