
Real estate builder Elan Group has awarded a contract to CIMIC Group company Leighton Asia to build a residential development in Gurgaon, India.
Named The Presidential, the project will feature 728 apartment units.
The preliminary stage of this project includes civil and structural work, eight towers, and a three-level common basement with a built-up area exceeding 487,000m².
Each 32-storey high-rise building will stand 116m above ground.
This project is estimated to generate around A$190m ($122.19m) in revenue for Leighton Asia and is claimed to be the company’s largest residential project.
CIMIC Group executive chairman Juan Santamaria said: “Leighton Asia has a strong track record of delivering landmark residential and commercial projects in India that meet safety, quality, and sustainability requirements.
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By GlobalData“We are pleased to be working with one of India’s leading real estate developers to support the ongoing growth of the Gurgaon district.”
The project aims for Leadership in Energy and Environmental Design (LEED) Gold certification from the Indian Green Building Council (IGBC).
Construction work is set to begin this October and is slated for completion in Q1 2027.
Leighton Asia managing director Brad Davey said: “We are honoured to be selected for The Presidential project, a prestigious luxury residential development being undertaken by our valued client, the Elan Group.
“Securing this major project is a testament to Leighton Asia’s leading role in safe, quality and reliable construction in India, where we have been operating for 25 years.”