The capital markets division of the real estate company Cushman & Wakefield in Gurugram’s Sector 80 assisted in the transaction.
The cost of the land sale was not included in the statement. However, market sources, claimed that the agreement was reached for about Rs 85 crore.
The land parcel, which is strategically situated near to NH8 and the planned Extension Road connection, offers a development potential of more than one million square feet.
This deal will allow the client to benefit the bullish trend of the Gurgaon real estate market that is currently experiencing. One of the most attractive places for any real estate development is the property where Conscient will build its project since it has excellent access from the Golf Course Extension Road, according to Hardeep Lamba, Managing Director, property & Capital Markets, North & East India.
Hines and Conscient Infrastructure Private Limited, a global real estate company, joined forces with Conscient Infrastructure in 2021 to invest over Rs 700 crore in the second phase of a residential project in Gurgaon.
Hines and Conscient Infrastructure established a platform to create housing projects across the Delhi-NCR real estate market last year.
Source- ET
