Indian-based real estate company Elan Group has awarded a Rs10bn construction contract to Leighton India, the Indian arm of builder Leighton Asia, reported The Economic Times newspaper.
Leighton Asia is a member of the Australia-headquartered CIMIC Group.
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The contract is for the development of a residential project in the Indian city of Gurugram.
The project, which will be built in multiple stages, is situated in Gurugram’s Sector 106, close to the Dwarka Expressway.
The 30-acre project is expected to include approximately 2,000 luxury houses.
Elan has issued the building contract for the initial phase of its project ‘Elan The Presidential’, which includes 728 units.
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By GlobalDataElan chair Rakesh Kapoor was quoted by the publication as saying: “Leighton India has extensive construction experience in India during the past 25 years – it has delivered some of the largest projects in the country.”
Leighton India, as the designated contractor, will be overseeing the project’s complete construction activity, which will encompass civil construction, coordination with other contractors, and infrastructure at the site.
The project is estimated to take 40 months to complete.
Leighton Asia managing director Brad Davey said: “Our client’s confidence in our strong performance and safe delivery is a testament to our reputation for safety, quality, and reliability, as well as our leading position in the sector.”
