India, Nov. 17 -- Mumbai-based Lodha Developers is expected to launch its first real estate project in Gurugram, marking the company's entry into the Delhi NCR market, Managing Director and CEO Abhishek Lodha has said. He also said that the company is exploring other areas of the NCR.

Responding to a question on whether the company's NCR strategy includes Gurugram, Noida, or both, Lodha said during the October 31 investor call that "At this stage, our initial focus is most likely to be in Gurugram, but it does not mean that we do not look at any other part of the NCR, but it's quite likely that we will perhaps start off on the Gurugram side of the NCR."

Abhishek Lodha also stated that the Gurugram real estate market is currently more th...