Lodha Golf Course Road Gurgaon

Lodha's Golf Course Road project in Gurugram is a commercial tower, not a housing project. It sits on a 1.20-acre plot on Golf Course Road, is planned at roughly 2 lakh sq ft of development, and is configured as six basements, ground and 23 floors. The tentative launch rate being circulated is Rs 50,000 per sq ft on a 25:25:25:25 payment plan, and a registration document for it has been filed with Haryana RERA.

That last point matters more than the rest. A great deal of what is written about "Lodha Gurgaon" online describes a residential high-end scheme on Golf Course Extension Road — a different corridor and a different project. This page is about the commercial building on Golf Course Road proper.

At a glance

The shape of the building, and why it matters

This is a tapering tower, and the taper is the most useful thing on the spec sheet. The floor plate drops in three steps as you go up:

Read practically, that gives the building three quite different products. The lower five floors are large-format space — the kind an anchor occupier, a bank or a showroom-style user takes. The middle band suits a single mid-size company floor. The upper twelve floors are the smallest plates, which is where a building like this usually gets divided into office suites for individual investors.

So the first question to ask is not the price. It is what is the smallest unit being sold. If the answer is "a full floor", this is an institutional-ticket asset. If floors are being split into suites of a few thousand square feet, the entry ticket is a fraction of the figures above, and the rental and resale behaviour of the two is not the same.

The one number to reconcile before you pay

The spec sheet's own figures pull in two directions, and this is worth settling in writing.

The plot is 1.20 acres, which is about 52,272 sq ft of land. The stated development size of about 2 lakh sq ft works out to a floor area ratio of roughly 3.8 — an ordinary, believable number for commercial land in Gurugram.

But add the floor plates up: five floors at ~29,500, six at ~16,000 and twelve at ~11,500 comes to about 3.81 lakh sq ft, or an FAR near 7.3. That is not a normal sanctioned density.

The likeliest explanation is mundane: the floor plate figures are gross or super area including cores, lobbies and service space, while the 2 lakh sq ft is the sanctioned or saleable area. Both can be true at once. But it decides what you are actually buying, because Rs 50,000 per sq ft applied to super area and Rs 50,000 applied to carpet are two very different prices — on a commercial floor the loading can run 35% to 45%.

Ask for one sheet showing carpet, built-up and super area per floor, with the rate applied against each, and ask which of those the sanctioned building plan carries. This is the same discipline any commercial purchase needs, and it is the question most pre-launch sheets are silent on.

Rs 50,000 per sq ft — where that sits

Treat the rate as what it says it is: tentative. It is a launch expectation circulated ahead of a formal price list, not a figure Lodha has published, and pre-launch rates move by the time allotment letters are issued.

For context, Golf Course Road is the most expensive commercial address in Gurugram outside a handful of Cyber City assets. It is the original eight-lane corridor through Sectors 42 to 56, it is metro-served, and it is effectively built out — new land on it is rare, which is the argument for the rate. A 1.20-acre parcel here is a scarce thing.

What that rate implies is a Grade-A, low-floor-plate, address-led asset rather than a volume office play. Judge it against the yield: at Rs 50,000 per sq ft, the rent per sq ft the building needs to command to give you a sensible return is high, so ask what comparable Golf Course Road space actually leases for today before you accept the rate. Our commercial property in Gurgaon guide and the Sector 66 office comparison are useful benchmarks on that.

The 25:25:25:25 payment plan

Four equal instalments of 25% is a straightforward structure, and on a commercial pre-launch it usually means booking, then three milestones. What the shorthand does not tell you is the part that matters:

• What triggers each 25%? A date, or a construction milestone? Milestone-linked is better for you, because it ties your money to visible progress.
• Are the milestones the ones in the RERA filing? Insist they are. A schedule tied to internal targets is not enforceable in the same way.
• What is on top? GST at the commercial rate, stamp duty and registration, car parking, maintenance deposit and any preferential location charge. On a Rs 50-plus crore ticket these are not rounding.
• What happens if you exit? The forfeiture terms on a commercial allotment are usually harsher than on a home.

The RERA position

A registration document for this project has been filed with Haryana RERA and can be viewed through the authority's portal. That puts it ahead of most of what is marketed in Gurugram at pre-launch stage, and it is the document that settles every number on this page.

Read it yourself at haryanarera.gov.in before any payment, and take four things off it: the registration number and its validity, the promoter entity that is legally answerable, the sanctioned area and floor count, and the completion date. If any of those disagree with a brochure, the filing is the version that binds. We have not reproduced a registration number on this page because we could not open the certificate from our end, and a RERA number is not something to quote second-hand.

Golf Course Road as a commercial address

Golf Course Road runs from Sector 42 down to Sector 56, carries the Rapid Metro along its length, and connects into Cyber City and NH-48 at the top end. As an office address it does something Golf Course Extension Road still cannot: it puts occupiers next to the residential catchment their senior staff already live in, on a road that is finished rather than filling in.

The trade-off is supply. There is very little developable land left on it, which supports pricing but also means this building competes with established, occupied Grade-A stock rather than with other new launches. For an occupier that is fine. For an investor it means the exit is a resale or lease into a market where tenants have proven alternatives, so the specification and the floor plate efficiency have to hold up.

Not to be confused with the Lodha and MRG residential projects

In mid-December, Macrotech Developers announced its entry into Delhi-NCR through a joint development agreement with MRG Group, the Gurugram developer and landowner, covering projects with combined revenue potential of over Rs 3,600 crore — one on the Dwarka Expressway corridor in the Sector 100 to 110 belt, and one on Golf Course Extension Road in the high-end residential segment. We covered that announcement in our report on the Lodha and MRG tie-up.

Those are residential and are on a different road. If you are being shown "2, 3 and 4 BHK" floor plans under the heading "Lodha Golf Course Road", you are being shown the Extension Road residential scheme, or a microsite's guesswork, not this commercial tower. Ask which corridor and which registration, every time.

About the developer

Macrotech Developers is a listed company and one of India's largest developers by sales, with core markets in the Mumbai Metropolitan Region, Pune and Bengaluru. It targeted pre-sales of Rs 21,000 crore in FY26, up from an FY25 target of Rs 17,500 crore, and planned over Rs 8,000 crore of business development spend in the same year, with Delhi-NCR named as a priority.

The honest caveat for a Gurugram buyer is that none of that delivery record is in Haryana. The balance sheet is not in question; local execution is new. On a commercial asset that argues for two things: read the RERA completion date rather than the launch brochure, and check who the contractor and the facility management operator will be, because on an office building those decide the rent it can command in year five. Compare the field on our top real estate companies in Gurgaon list.

Pros

• Golf Course Road is scarce. A 1.20-acre commercial parcel on a corridor that is effectively built out is a genuinely limited asset
• A registration document is already filed with HARERA, which puts it ahead of most Gurugram projects at this stage and gives you a binding document to check
• A listed developer with real scale — Macrotech targeted Rs 21,000 crore of pre-sales in FY26 and over Rs 8,000 crore of business development spend
• The tapering floor plates create three distinct products, so there is likely a ticket size that fits a full-floor occupier and one that fits a smaller investor
• Metro-served and Cyber City-adjacent, which is what occupiers on this corridor actually pay for
• A 25:25:25:25 structure is simple to model, and simple structures are easier to hold a developer to than layered subvention schemes

Cons

• The rate is tentative. Rs 50,000 per sq ft is a launch expectation, not a published price list, and pre-launch rates move
• The area basis is unstated. The floor plates sum to about 3.81 lakh sq ft while the stated development size is about 2 lakh, so it is not yet clear what the rate multiplies
• The smallest sellable unit has not been published, which is the difference between a Rs 55 crore ticket and a far smaller one
• Lodha has no delivered project in Haryana; its execution record is Mumbai, Pune and Bengaluru
• No completion date is in public circulation — the one on the RERA filing is the only one that counts
• At Rs 50,000 per sq ft the yield maths is demanding, so the rent this building must achieve is well above the corridor's older stock
• You are buying into finished competition. Golf Course Road already has occupied Grade-A supply, and a new tower has to beat it on specification, not just address

Who it suits

• Occupiers who want a Golf Course Road address with a full floor and can commit ahead of completion
• Commercial investors comfortable with pre-launch risk on a registered project, who will read the filing before paying
• Buyers who already hold Gurugram commercial space and understand what Grade-A office actually leases for on this corridor
• Family offices and businesses looking for a long-hold, address-led asset rather than an early rental yield

Who should look elsewhere

• Buyers looking for a home — this is a commercial building; the Lodha residential projects are on a different corridor
• Investors who need rental income soon, since there is no completion date in public circulation
• Anyone who will not get the area basis, the unit size and the payment triggers in writing first
• Buyers whose budget assumes the ticket is small, before the smallest sellable unit has been confirmed

What to ask for before you pay anything

1. The HARERA registration certificate, with its number, validity and completion date
2. The promoter entity that will sign your allotment and collect your money
3. A carpet, built-up and super area sheet per floor, with the rate applied against each
4. The smallest unit being sold, and whether floors can be split
5. The 25:25:25:25 triggers, tied to milestones in the RERA filing rather than dates
6. Everything on top of the rate — GST, stamp duty, registration, parking, maintenance deposit, location charges
7. The exit and forfeiture terms, in writing

FAQs

Is Lodha Golf Course Road a residential or commercial project?

Commercial. It is planned as an office building on a 1.20-acre plot on Golf Course Road, configured as six basements, ground and 23 floors, with about 2 lakh sq ft of development. The Lodha residential projects announced with MRG Group are separate and sit on Golf Course Extension Road and the Dwarka Expressway corridor.

What is the price of the Lodha Golf Course Road commercial project?

The tentative launch rate in circulation is Rs 50,000 per sq ft. That is a launch expectation ahead of a formal price list, not a published Lodha rate, and it should be confirmed in writing along with the area basis it applies to.

How big are the floors?

The floor plate steps down as the tower rises: about 29,000 to 30,000 sq ft on the 1st to 5th floors, about 16,000 sq ft on the 6th to 11th, and about 11,000 to 12,000 sq ft on the 12th to 23rd. At Rs 50,000 per sq ft, that is roughly Rs 145-150 crore, Rs 80 crore and Rs 55-60 crore for a whole floor respectively.

Why do the floor plates not add up to 2 lakh sq ft?

Added together the plates come to about 3.81 lakh sq ft, which would imply an FAR near 7.3 on 1.20 acres, while the stated 2 lakh sq ft implies a normal FAR of about 3.8. The likeliest reason is that the plate figures are gross or super area including cores and services, and the 2 lakh is the sanctioned or saleable area. Ask which basis the Rs 50,000 rate applies to before agreeing a price.

Is the project RERA registered?

A registration document for it has been filed with Haryana RERA and can be viewed on the authority's portal. Read it at haryanarera.gov.in and take the registration number, the promoter entity, the sanctioned area and the completion date directly off the certificate. We have not printed a number here because a RERA number should not be quoted second-hand.

What is the payment plan?

A tentative 25:25:25:25 — four equal instalments. Ask what triggers each one, and insist the triggers are construction milestones from the RERA filing rather than calendar dates, so your money follows visible progress.

What is the smallest unit I can buy?

It has not been published. This is the single biggest open question on the project, because a full floor on the upper levels is roughly Rs 55-60 crore at the tentative rate, while a divided office suite would be a fraction of that. Ask before assuming a budget.

Is Rs 50,000 per sq ft reasonable for Golf Course Road?

It prices the building as a Grade-A, address-led asset on Gurugram's most established commercial corridor, where developable land is close to exhausted. Whether it is reasonable for you depends on the rent comparable space on the same road achieves today, so get those lease comparables before you accept the rate.

When will it be completed?

No completion date is in public circulation. The date on the HARERA filing is the one the promoter is held to, and it is the only one worth planning around.

Is this the same as the Lodha and MRG project?

Not the same building. Macrotech announced a joint development agreement with MRG Group in mid-December covering projects with over Rs 3,600 crore of combined revenue potential, on the Dwarka Expressway corridor and on Golf Course Extension Road, in the residential segment. This commercial tower is on Golf Course Road itself. Always confirm the corridor and the registration you are being sold.

Want the floor plate sheet, the area basis and the registration extract for this one before you commit? Ask us and we will get the carpet, built-up and super area against each floor, confirm the smallest unit on offer, and tell you honestly how the rate compares with what Golf Course Road office space is leasing for right now.