Latest news with #ElanThePresidential
Time of India
14-07-2025
- Business
- Time of India
Elan group raises Rs 250 crore from Piramal Finance
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gurgaon-based developer Elan Group has raised Rs 250 crore from Piramal Finance for the construction of a commercial project in the city, two people aware of the development construction finance follows Rs 1,200 crorefunding from Kotak Real Estate Fund last year. The company plans to use the funds to fast-track its projects in the 2022, Elan Group had raised $110 million (Rs 900 crore) from global alternative investment firm PAG.'The funding has been raised for a commercial project spread over a million sq ft in Gurgaon ,' said one of the persons cited Group declined to comment. Transaction advisor CBRE could not be contacted for Elan Group had awarded two construction contracts worth Rs 2,000 crore to Leighton Asia for its luxury residential project, Elan The Presidential, in Sector 106, Dwarka Expressway, and its new luxury commercial project, Elan Imperial, in Sector 82, Group's portfolio consists of 15 projects in the residential, retail, commercial and hospitality segments. These projects, spread across Gurgaon and New Delhi, collectively offer about 25 million sq ft of built-up 2022, the group ventured into the luxury residential segment with the launch of Elan The equity investment inflows into the Indian real estate sector reached $2.4 billion (Rs 20,000 crore) in H1 2025, marking a 38% year-on-year increase, according to Savills India, a global real estate consulting firm.
Yahoo
05-06-2025
- Business
- Yahoo
Leighton Asia secures contract for luxury residential project in Gurugram, India
Leighton Asia, a subsidiary of CIMIC Group, has been awarded a significant contract to deliver a luxury residential project named Elan The Emperor in Gurugram, India, for the Elan Group, an Indian real-estate developer. This contract is set to generate approximately A$200m ($129.6m) in revenue for Leighton Asia. The project involves the construction of ten towers, each standing at about 145m tall, covering a built-up area of roughly 490,000m². The development is located in the same vicinity where Leighton Asia is currently working on another project for the Elan Group, the eight-tower Elan The Presidential. CIMIC Group executive chair and ACS Group CEO Juan Santamaría said: 'Securing further work for the Elan Group is a sign of Leighton Asia's commitment to safety and operational excellence. We are pleased to be providing another premium residential project for the growing population of the region.' Leighton Asia managing director Brad Davey added: '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. We are proud to be undertaking this prestigious project for the Elan Group.' The luxury residential project is targeted to achieve Indian Green Building Council Leadership in Energy and Environmental Design Gold certification and will include civil and structural works, along with the management of subcontractors. The commencement of construction is scheduled for September 2025, with completion expected in 2030. CIMIC Group is engaged in engineering, services, construction, and natural resources sectors, employing 39,000 people and operating in approximately 20 countries. The group includes several businesses such as CPB Contractors, Leighton Asia, UGL, Sedgman, Thiess (with a 60% ownership), and Pacific Partnerships, all of which are supported by the in-house engineering consultancy EIC Activities. In August 2024, Leighton Asia secured another contract from the Elan Group to construct a mixed-use development in Gurgaon, India, which includes a shopping centre, a hotel, and a serviced apartment tower, with a total built-up area of approximately 207,000m². "Leighton Asia secures contract for luxury residential project in Gurugram, India" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hindustan Times
15-05-2025
- Business
- Hindustan Times
Elan Group awards ₹1100 crore contract to Leighton Asia for luxury housing project in Gurugram
NCR-based real estate firm Elan Group has awarded a construction contract worth ₹1100 crore to Leighton Asia, part of the Australian CIMIC Group, to develop its ultra-luxury residential development, Elan The Emperor, located in Sector 106, Dwarka Expressway, Gurugram. The project is part of Elan Group's 50 acre, integrated township. The contract covers nearly 5 million sq. ft. of built-up area. The project is designed to achieve IGBC LEED Gold Certification. Leighton Asia has been awarded significant civil and MEP contracts by Elan Group for its ongoing projects which includes Elan The Presidential, Elan The Imperial and now Elan The Emperor. The total value of these contracts is approximately ₹3000 crore. These contracts cover a total built-up area of approximately 12.5 million square feet. Rakesh Kapoor, chairman, Elan Group, said, 'With this iconic development, we are shaping a new chapter in ultra-luxury living. 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, Leighton Asia, said, '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. We are proud to be undertaking this prestigious project for the Elan Group.' Juan Santamaria, executive chairman, CIMIC Group, said, 'Securing further work for the Elan Group is a sign of Leighton Asia's commitment to safety and operational excellence. We are pleased to be providing another premium residential project for the growing population of the region.'
Time of India
15-05-2025
- Business
- Time of India
Elan Group awards Rs 1,100 crore construction contract to Leighton Asia for Gurugram luxury project
Realty developer Elan Group has awarded construction contract worth Rs 1100 crore to Leighton Asia , part of the Australian CIMIC Group , for its ultra-luxury residential development, Elan The Emperor in Sector 106, Dwarka Expressway , Gurugram. Elan The Emperor is part of Elan Group's 50 acre – integrated township, designed to be a future forward ecosystem of luxury living. The Construction contract for Elan The Emperor covers nearly 5 million sq. ft. of built-up area. 'Partnering with Leighton Asia once again reinforces our commitment to collaborate with the finest global expertise in delivering excellence at every level,' said Rakesh Kapoor, Chairman, Elan Group. The group has already tied up with architects, urban designers and construction experts including UHA London, SWA Group, WET Design, HBA (Hirsch Bedner Associates), CD+M Lighting Design Group, Mero Contractors, DSA Engineering, LERA and Thornton Tomasetti. Leighton Asia has been awarded significant Civil and MEP contracts by Elan Group for its ongoing projects which includes Elan The Presidential, Elan The Imperial and now Elan The Emperor. The total value of these contracts is approximately Rs 3000 crore. These contracts cover a total built-up area of approximately 12.5 million square feet. '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,' said Brad Davey, Managing Director, Leighton Asia.
