Conscient Infrastructure has awarded a construction contract of Rs 350 crore to NCC, an infrastructure development company. The agreement relates to the construction of 540 residential apartments in the Elaira Residences project in Sector 80, Gurugram, Haryana. The project is designed on 5.6 acres of land and is part of the continuous expansion process by Conscient in its residential projects in the Delhi-NCR region.
Conscient Infrastructure has positioned itself as a major player in the Indian real estate industry and has a history of delivering over 20,000 homes in the last 40 years. It has a portfolio of approximately 35 million square feet of developed space in locations such as Delhi-NCR, Dehradun, and Goa. The company has concentrated on developing sustainable and quality housing projects to meet the rising housing demand in urban India.
The fact that this Rs 350 crore contract has been awarded to NCC is an indication of the current residential infrastructure investment being undertaken by many developers to keep pace with the increasing urban housing demand. The flats in the Gurugram project will be developed and completed by NCC, which excels at large-scale construction of infrastructure and provides future residents with modern facilities and a quality lifestyle.
This agreement is part of the wider trend in the Indian residential real estate market, which is becoming more active due to urbanisation, economic development, and constant demand for housing. Conscient Infrastructure, with projects such as Elaira Residences, aims to consolidate its position in the competitive real estate environment and continue contributing to urban development by providing sustainable housing solutions. |
