Landmark Group Announces Massive Investment in North India

₹4,000cr to be Invested in 12 Properties Over 3-4 Years

Landmark Group has unveiled ambitious plans to invest approximately ₹4,000 crore in developing 12 properties across North India over the next three to four years. This significant investment underscores the group's confidence in the region's burgeoning real estate market.

Project Details and Funding Strategy

According to Mr. Amit Kumar, Director, Landmark Group, the 12 projects currently underway in North India are slated for completion within the next three to four years. The investment, equivalent to about one billion dollars, will be funded through a combination of internal accruals and private equity funds.

“We will primarily rely on our internal resources to fund these projects. However, we are open to collaborating with private equity players, willing to divest up to 40% stake in different projects, starting from a minimum of 25%,” Mr. Kumar explained.

Hospitality Sector Focus

A key aspect of Landmark Group's investment plan is the development of three hotels in the next three years, with an estimated investment of ₹700 crore. These include:

• A 3,000-room 5-star hotel in Dharuhera
• A budget hotel in Gurgaon with over 100 rooms
• Another 5-star hotel slated for Bawal, Haryana

These projects are poised to significantly enhance the hospitality landscape in North India, catering to diverse consumer needs and preferences.