en.Wedoany.com Reported - Lodha Developers has announced plans to launch its first residential project in Gurugram by the end of the current fiscal year or the first quarter of the next fiscal year, marking the Mumbai-based developer's official entry into this market.

Abhishek Lodha, Chief Executive Officer and Managing Director of Lodha Developers, stated during the Q4 FY2026 earnings call held in April 2026 that the company will adopt the same pilot-and-scale model in this region as it did in Bengaluru and Pune. Construction is expected to begin next quarter, and the project may be launched in the fourth quarter of the current fiscal year or early FY2028.

Lodha noted that the team is being gradually assembled, and the company expects to commence operations in the Delhi National Capital Region (NCR) in FY2027. He cited the example of the company's pilot entry into Bengaluru in FY2023, where three years later in FY2026, the market contributed approximately ₹24 billion in pre-sales, accounting for over 12% of the company's total. He expressed confidence that the Delhi NCR will follow a similar trajectory.

Lodha believes that the Delhi NCR is India's second-largest residential market, which has historically lacked large developers, apart from DLF, capable of setting new benchmarks in quality and customer experience. The company aims to leverage its operational expertise and brand strength in this region.

In December 2025, Lodha Developers partnered with Gurugram-based MRG Group to develop two projects on major corridors in Gurugram, with a total revenue potential exceeding ₹36 billion. Lodha had previously stated in October 2025 that the NCR strategy includes Gurugram and Noida, with an initial focus likely on Gurugram.

Additionally, Oberoi Realty entered the Delhi NCR market on June 29, launching the ultra-luxury residential project Three Sixty North, inspired by its flagship project Three Sixty West in Mumbai. Located on Golf Course Extension Road in Sector 58, Gurugram, the project spans 14.8 acres with a total investment of approximately ₹60 billion. Vikas Oberoi, Chairman and Managing Director of the company, stated that the total revenue potential of the project, including two phases, is ₹160 billion. The project has a total saleable area of nearly 4.5 million square feet, with a base price of ₹35,000 per square foot for the first phase.