Lodha Developers, a prominent Mumbai-based real estate firm, has entered into a strategic alliance with Gurugram-based MRG Group to debut in the Delhi-NCR market. The collaboration will see the development of two significant projects in prime Gurugram locations, collectively projected to generate over Rs.3,600 crore in revenue.

According to MRG Group, these projects are expected to redefine the standards of luxury residential and commercial developments in the Delhi-NCR region. The partnership highlights Lodha Developers’ entry into a competitive market, where it had previously focused on warehousing ventures but is now venturing into high-end residential and commercial real estate.

Mr. Rajjath Goel, Managing Director of MRG Group, expressed enthusiasm about the partnership, stating, “Joining forces with Lodha Group is a milestone for us. Lodha’s legacy of trust, design excellence, and quality aligns perfectly with our vision. This collaboration underscores our confidence in Gurugram’s position as India’s leading real estate market.”

In a statement regarding their focus on the NCR region, Mr. Abhishek Lodha, Managing Director and CEO of Lodha Developers, emphasized that while the company’s initial focus will likely be on Gurugram, it is not ruling out expansion into other parts of the NCR in the future. “For now, Gurugram will be our primary focus, but other areas may come into play later,” he noted during an investor call in late October 2025.

The partnership is expected to raise the stakes in Gurugram’s rapidly growing real estate market, as both developers aim to offer premium properties that meet the growing demand for high-quality living spaces and commercial hubs in the region.

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