Elan Group Awards Luxury Project Contract to Leighton Group

07 Aug 2023 CW Team

Elan Group, a real estate developer based in the National Capital Region (NCR), has announced that it has granted a contract worth Rs 10 billion to Leighton India, the Indian subsidiary of Leighton Asia – a member of the internationally acclaimed CIMIC Group headquartered in Australia. This contract pertains to the construction of the first phase of their upscale residential endeavor, Elan The Presidential.

Situated in sector 106 of Gurugram, near Dwarka Expressway, Elan The Presidential is the company's inaugural luxury project, boasting a total of 728 units. Expressing enthusiasm about this partnership, Rakesh Kapoor, the Chairman of Elan Group, praised Leighton India's extensive construction expertise within India. Over the course of the past 25 years, the company has successfully executed some of the country's most significant projects. Kapoor affirmed that this collaboration would ensure the project's delivery adheres to world-class standards encompassing safety, quality, and timely completion, all while maintaining a commitment to sustainability, which aligns with the company's guiding principles.

Leighton India, as the designated contractor, will assume full responsibility for all construction aspects of the project, including civil construction, coordination with other contractors, and overall site infrastructure development. The anticipated timeline for project completion is 40 months.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..