Lodha–MRG Partnership to Develop Second Gurugram Project on Golf Course Extension Road Targeting Ultra-Luxury Segment

Lodha Marks NCR Entry via Strategic Partnership

In December 2025, Mumbai-based Macrotech Developers—known as Lodha—formally announced its entry into the Delhi-NCR housing and commercial property market through MRG Group, the Gurugram-based developer and land partner, which confirmed the tie-up on December 16, 2025. Global real estate consultancy Cushman & Wakefield advised MRG Group on the transaction, lending institutional credibility to the deal.

Under the Joint Development Agreement (JDA) structure, the two developers will jointly execute two marquee projects in Gurugram — one on the Dwarka Expressway corridor targeting premium high-rise towers in Sectors 100 to 110, and a second on Golf Course Extension Road positioned firmly in the ultra-luxury segment, complete with 7-star amenities and a world-class clubhouse.

Golf Course Extension Road: The Ultra-Luxury Play

The Golf Course Extension Road site targets the ₹5–10 crore-plus ultra-luxury homebuyer who has historically had to choose between DLF, M3M Gold, or Emaar. The target zone spans Sectors 63A, 65, 66, 67, Gurugram; nearby schools include DPS International and The Shriram Millennium School; hospitals include CK Birla Hospital and Artemis Hospital, making this a socially mature address.

Golf Course Extension Road has emerged as a critical artery in Gurugram's urban layout, owing to its strategic geographic placement and rapidly improving connectivity infrastructure, and has quickly evolved into a vibrant real estate ecosystem driven by a perfect blend of residential, commercial, and social infrastructure development. The future of connectivity in GCER is set to improve drastically with the Gurugram Metro Rail Project Phase-II, recently approved by the Haryana Government, which will include around 27 stations and provide direct metro connectivity to Dwarka Expressway, Cyber Hub, IMT Manesar, and IGI Airport, significantly reducing travel time and boosting residential and commercial activity along GCER.

The JDA Model and Market Strategy

Rather than paying peak prices for outright land acquisition—which would squeeze margins—Lodha is entering as a development and brand partner, sharing revenue with the landowner (MRG Group). This is the same playbook Godrej Properties and Tata Realty have used successfully in Gurugram. Abhishek Lodha, Managing Director and CEO of Macrotech Developers, had telegraphed this move during an October 2025 investor call, stating that Gurugram would be the company's primary focus for its NCR expansion.

This is Lodha's first large-scale housing and commercial play in NCR. The developer had earlier tested the region's waters with a warehousing project, but these two Gurugram developments represent a full-blooded residential and commercial commitment to the market.

Revenue Scale and Market Impact

The combined revenue potential from both projects is pegged at over 3,600 crore, as revealed in Lodha's Q3 FY2026 investor presentation. Analysts note that such partnerships raise quality benchmarks and intensify competition in the premium segment without necessarily pressuring prices downward.

In Q3 2025, the Dwarka Expressway corridor accounted for 20% of total Gurugram launches — and with Lodha now officially in the mix, that concentration is likely to intensify through 2026 and 2027. According to Anarock data, Gurugram average property prices already jumped 29% — from ₹9,500 per sq ft in Q3 2024 to ₹12,250 per sq ft by 2025.

Lodha's Track Record

Lodha or Lodha Developers Limited (formerly known as Macrotech Developers Limited) is an Indian multinational real estate company and construction company headquartered in Mumbai. It was founded in 1980 by Mangal Prabhat Lodha. It has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune, Bengaluru and London. Some of its notable projects include Lodha Altamount, Lodha World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. The company is also credited for developing Palava, an integrated smart city in Dombivali near Mumbai.

The Broader Gurugram Context

Golf Course Extension Road has steadily evolved into one of Gurugram's most well-planned and future-ready urban corridors. Over the past decade, this stretch has transformed from an emerging arterial road into a strategically important micro-market, supported by strong infrastructure, improving connectivity, and expanding commercial activity.

Gurgaon is officially known as Gurugram and is India's second-largest information technology hub. The city is situated on the Delhi-Haryana border and is one of the major satellite cities of Delhi NCR. On Golf Course Extension Road, prices have already surged from approximately ₹8,800 per sq ft in 2019 to over ₹20,000 per sq ft today.