Gurgaon-based Conscient acquires 6.6 acre land

Real estate developers, Conscient Infrastructure, has acquired 6.6 acre land for around Rs 80 crore in Gurgaon. Apart from doing projects separately, Conscient Infrastructure has partnered with Hines, the international real estate firm for a project in Gurgaon.

The land parcel has a development potential of more than one million sq ft and the company will develop a residential group housing project. The capital markets team of Cushman & Wakefield facilitated the transaction for Conscient Infrastructure, which has a portfolio spanning across residential, commercial, retail and value housing.

The land has strategic value as the area has a direct connectivity from present NH8 and upcoming connectivity from the Extension Road connection.

“Gurugram market is currently seeing a bullish run and this deal will help the developer to fully leverage it. The market has some of the biggest and premium office spaces and luxurious residential apartments and retail destinations of NCR,” said Hardeep Lamba, Managing Director, Land & Capital Markets, North & East India.