Landmark Group raises Rs 330 crore SBI finance for Gurugram project
State Bank of India moved higher.
7 Oct 2026 · Economic Times Markets
Landmark Group has raised Rs 330 crore in construction finance from the State Bank of India. This funding is aimed at developing Landmark One, a Grade A+ commercial project in Gurugram. The development boasts spacious floor plates and extensive parking options. Private equity investments in Indian real estate have significantly increased, showing a 23% rise year on year.
The analysis
State Bank of India reported Rs 330 crore, with movement of 23% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.5% on the day at ₹954.00, and has returned -8.1% over three months. It sits 22% below its 52-week high. The banks sector has moved -3.6% over the same period, so State Bank of India is running 4.5 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks, Real Estate.
In this story
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