AVNews24Desk
Gurugram: Realty firm Elan Group has awarded a ₹1,100 crore construction contract to Leighton Asia for the development of a luxury residential project in Gurugram. Leighton Asia is a subsidiary of the Australian infrastructure major, CIMIC Group.
According to an official statement issued on Thursday, the contract pertains to the development of ‘Elan The Emperor’, an ultra-luxury residential project located in Sector 106 along the Dwarka Expressway. This project is a part of Elan Group’s expansive 50-acre integrated township in the region.
The scope of the awarded contract covers nearly 5 million square feet of built-up area. Elan Group has previously awarded construction contracts worth ₹1,800 crore for other major developments.
Rakesh Kapoor, Chairman of Elan Group, said, “Partnering with Leighton Asia once again reinforces our commitment to collaborate with the finest global expertise in delivering excellence at every level.”
Brad Davey, Managing Director of Leighton Asia, commented, “With more than two decades of on-the-ground experience in India, Leighton Asia takes pride in setting new benchmarks for quality and sustainability in large-scale residential projects.”
Elan Group, known for its prominent commercial developments in Gurugram, is now expanding its footprint into large-scale residential townships, marking a significant shift in its development strategy.
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