Lodha Golf Course Road Gurgaon | Commercial Project

About 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
Project Lodha commercial project, Golf Course Road, Gurugram
Developer Macrotech Developers Limited (Lodha)
Asset type Commercial — office floors
Land parcel 1.20 acre (about 52,272 sq ft)
Total development size Approximately 2 lakh sq ft
Configuration 6 basements + ground + 23 floors
Floor plate, 1st to 5th About 29,000 – 30,000 sq ft
Floor plate, 6th to 11th About 16,000 sq ft
Floor plate, 12th to 23rd About 11,000 – 12,000 sq ft
Tentative launch rate Rs 50,000 per sq ft — tentative, not a published price list
Tentative payment plan 25:25:25:25
HARERA A registration document has been filed and is viewable on the Haryana RERA portal
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:

Floors Floor plate At Rs 50,000 per sq ft, a whole floor
1st to 5th About 29,000 – 30,000 sq ft Roughly Rs 145 – 150 crore
6th to 11th About 16,000 sq ft Roughly Rs 80 crore
12th to 23rd About 11,000 – 12,000 sq ft Roughly Rs 55 – 60 crore
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.

Basis Area Implied FAR on 1.20 acre
Stated total development size About 2,00,000 sq ft About 3.8
Floor plates added up, 1st to 23rd About 3,81,500 sq ft About 7.3
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
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