Landmark Group has announced plans to invest Rs 400.00 crore in a new residential project in Gurugram, showcasing the company's commitment to expanding its real estate portfolio in the Delhi-NCR region.

Project Details

The upcoming project, named 'Landmark SKYVUE', will be located in Gurugram's Sector 103 along the Dwarka Expressway. Key features of the development include:

• 240 apartments spread across 4 acres of land
• Project situated on land owned by the company since 2009
• Apartment prices ranging from Rs 5.00 crore to Rs 7.00 crore per unit
• Launch price set at Rs 17,500.00 per square foot

Funding and Market Outlook

Landmark Group plans to finance the construction through a combination of:

• Internal accruals
• Bank loans
• Customer advances

Chairman Sandeep Chillar expressed optimism about the project, citing strong demand in the Gurugram market. This demand is primarily driven by ongoing infrastructure developments, particularly the opening of the Dwarka Expressway.

Company Track Record

Landmark Group has established a significant presence in the Delhi-NCR real estate market. The company's portfolio includes:

• 15 completed housing projects
• 5 delivered commercial projects

This new venture builds upon the company's experience and success in the region, further solidifying its position in the premium residential segment.

Market Impact

The substantial investment in 'Landmark SKYVUE' reflects the company's confidence in the luxury housing market of Gurugram. As infrastructure improvements continue to enhance connectivity and livability in the area, projects like this are likely to attract high-end buyers looking for premium residential options in the rapidly developing Dwarka Expressway corridor.

Landmark Cars Limited has announced the incorporation of a new wholly owned subsidiary, marking its entry into the luxury retail sector. The company, in a strategic move to diversify its business portfolio, has established 'Landmark Luxury Retail Private Limited' (LLRPL) on August 14, 2025.

Key Details of the New Subsidiary

• Name: Landmark Luxury Retail Private Limited
• Incorporation Date: August 14, 2025
• Industry: Retail, focusing on luxury items
• Registered Office: Ahmedabad, Gujarat
• Initial Investment: Rs. 1,00,000 (10,000 equity shares at Rs. 10 each)
• Shareholding: 100% owned by Landmark Cars Limited

Strategic Expansion

The newly formed subsidiary is set to operate in the retail industry, specifically targeting the luxury items segment. This move represents a significant expansion for Landmark Cars Limited, which has traditionally been known for its presence in the automotive retail sector.

Financial Implications

While the initial investment is relatively modest at Rs. 1,00,000, Landmark Cars Limited expects the new venture to contribute positively to its financial status in the future. The company stated that the subsidiary's business would play a role in driving growth for the parent company.

Regulatory Compliance

The incorporation of LLRPL has been duly reported to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary details as required by the regulatory authorities.

Current Status and Future Prospects

As of now, Landmark Luxury Retail Private Limited is yet to commence its business operations. The company's entry into the luxury retail space signals its intent to tap into the growing luxury market in India, potentially leveraging its existing retail expertise and network.

This strategic move by Landmark Cars Limited reflects the company's ambition to diversify its revenue streams and capitalize on the burgeoning luxury retail sector in India.