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Realty developer Conscient will invest Rs 1200 crore in developing Elaira residences over multiple phases.
The company is targeting a topline of over Rs 1,000 crore through the sale of 268 luxury apartments in the first phase of the project.
Located in Sector 80, Gurugram, the luxury residential project is spread across over 5.5 acres.
Elaira Residences comprises 536 luxury apartments, which 268 apartments are launched in the First Phase.
Elaira Residences is financially backed by HDFC Capital which also funded the Parq project.
“There is a huge demand for housing and we continue to be bullish on the market. We have plans for launching multiple luxury projects in Delhi – NCR,” said Rajesh Jain, Director at Conscient Infrastructure Private Limited.
The company has a residential/commercial portfolio of nearly 20 million square feet under various stages of development and continues to collaborate with world-renowned architects, designers, and consultants to transform spaces into premium condominiums, luxury villas, institutional developments, commercial, and retail spaces.
Source : ET
