INDIA — CIMIC Group’s subsidiary, Leighton Asia, has been awarded a significant contract by the Elan Group to construct a mixed-use development in Gurgaon, India.
The project, valued at approximately $87 million, encompasses the construction of a retail mall, hotel, and serviced apartment tower.
The development, located in Sector 82 of Gurgaon, will span 3.1 hectares with a total built-up area of around 207,000 square metres.
The project’s key features include:
- A retail mall with three basement levels, lower and upper ground floors, and five retail floors
- A hotel with five floors
- Seventeen floors of serviced apartments
- A sky bar and terrace
Leighton Asia’s scope of work covers earthworks, structural and civil works, electrical and plumbing installations, and the construction of underground and overhead water tanks.
The project aims to achieve a 4-star rating under the Green Rating for Integrated Habitat Assessment (GRIHA), highlighting its commitment to sustainability.
Construction is scheduled to commence in September 2024, with completion expected in the fourth quarter of 2027.
CIMIC Group Executive Chairman Juan Santamaria expressed enthusiasm about the project, stating: “It is great to have Leighton Asia selected to deliver another exciting project for the Elan Group, for which we are already constructing a major residential development.”
Brad Davey, Managing Director of Leighton Asia, emphasised the strategic importance of this contract, saying: “This win further advances Leighton Asia’s strong presence in the real estate sector and our growth in India. We are proud to have the Elan Group’s trust and to meet their requirements.”
This contract marks another milestone in Leighton Asia’s expanding portfolio in India.
The company has previously been involved in several landmark projects across the country, including the DLF Camellias in Gurugram, TRIL Ramanujan IT Park in Chennai, and IKEA in Hyderabad.
The new mixed-use development in Gurgaon is set to become a premier destination, integrating retail, hospitality, and residential elements.
As Rakesh Kapoor, Chairman of Elan Group, noted: “This luxury mall will be the first of its kind in Gurugram, seamlessly integrating retail and hotel experiences under one roof to provide our visitors with a world-class experience.”
With this latest contract, Leighton Asia continues to strengthen its position in India’s burgeoning real estate sector, contributing to the country’s urban development while delivering innovative and sustainable solutions.