Elan Group awards over Rs 5 billion contract to Leighton Asia

27 Aug 2024 CW Team

Elan Group has awarded the construction contract worth over Rs 5 billion to the Australian CIMIC Group’s leading construction company, Leighton Asia, for its newly-launched commercial mall, Elan Imperial. Located in Sector 82 in Gurugram, this mixed-use project includes a luxury retail mall, a Five-Star hotel and branded residences.

Leighton was previously (in August 2023) awarded with a Rs 10 billion contract to construct Elan Group’s flagship residential development, Elan The Presidential in Sector 106, Gurugram.

Elan Imperial is set to be the first luxury mall of Gurugram, spanning approximately nine acres with a total built-up area of approximately 2.5 million sq ft.

Rakesh Kapoor, Chairman, Elan Group, said, “We are excited to partner again with Leighton, a company with extensive global and Indian experience. With Elan Imperial, we aim to create a truly extraordinary destination for shopping, dining and leisure. 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. We received a phenomenal response to the project from the market and are confident that it will be a landmark project in Gurugram.”

Leighton is set to begin construction in November 2024. Leighton, a member of the CIMIC Group headquartered in Australia has an impressive portfolio of landmark projects across India. Leighton’s track record includes landmark projects across India, such as DLF Camellias in Gurugram, TRIL Ramanujan IT Park in Chennai, IKEA in Hyderabad and the Phoenix Group’s Commercial Offices in Hyderabad. Ongoing projects also include Birla Niyaara (72 storeys) in Worli, Mumbai. The Aga Hall Estate (56 storeys) in Mazgaon, Mumbai and a Data Centre in Hyderabad.

Juan Santamaria, Executive Chairman, CIMIC Group said, “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, Leighton Asia said, “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.”

Elan Imperial is designed by the renowned architectural firm BENOY. The project has garnered tremendous success in sales, selling out both domestically and internationally. Strategically positioned on a prime, two-sided open site, Elan Imperial is destined to become a distinctive landmark in Gurugram. This vibrant development will feature a diverse range of offerings including expansive shops, prominent retail anchors, a food court, a family entertainment centre, a multiplex, a 5-star hotel and a variety of food and beverage options. To enhance the dining experience, it offers double-height restaurants with open-to-sky seating on the terrace and roof.

Elan Group boasts eight retail and commercial projects, along with one luxury residential project, strategically located across prime areas in Gurugram. Elan Group diversified into the residential segment in 2022 with the launch of Elan The Presidential in Sector 106, Dwarka Expressway.

Elan, since its inception, stood for 'Building the Future'. The group has recognised the potential of the Indian realty sector and looks forward to contributing to its growth through ultra-luxury and cost-effective Retail, Commercial and Hospitality properties. Through wide-ranging expertise, it offers unique projects, pricing and services exclusively to its esteemed clients. Built on the vision of value creation and nation-building, Elan Group has been acclaimed as the fastest-growing and most trusted real estate firm in India.

CIMIC Group is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction businesses CPB Contractors, Leighton Asia and Broad, our mining and mineral processing companies Thiess (60 percent ownership) and Sedgman, our services specialist UGL and our development and investment arm Pacific Partnerships – all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 30,000 people in around 20 countries, we strive to be known for our principles of integrity, accountability, innovation and delivery, underpinned by safety.

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