Lodha Developers to invest ₹1,200 cr to build prime Gurugram office complex ...Middle East

Economy by : (Business Standard) -
Real estate firm Lodha Developers will invest around Rs 1,200 crore to build an iconic office complex on Golf Course Road, Gurugram, marking its entry into the Delhi-NCR property market, according to a senior company official. Last year, the Mumbai-based firm entered into a joint development agreement with MRG Group for two projects in Gurugram, one commercial and one residential. In an interview with PTI, Lodha Developers Ltd's Executive Director-Finance Sushil Modi said the company recently launched a commercial project, 'Lodha Pantheon', spread over 1.2 acres and comprising 4 lakh sq ft of saleable area. He said the company would sell office spaces in this Grade A++ commercial project. "We have launched our first project in Delhi-NCR. We are developing an iconic office complex on prime Golf Course Road. The total saleable area is 4 lakh sq ft across 27 floors," Modi said. Asked about the total project cost, Modi said it would be around Rs 1,100-1,200 crore. The floor plates ar

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