Conscient Infrastructure, a prominent real estate developer, has unveiled plans to invest ₹1,200 crore in a new luxury residential project named Elaira Residences, located in Sector 80, Gurugram. This ambitious development spans 5.5 acres and aims to redefine upscale living in the region.
Elaira Residences is designed to offer a blend of luxury and comfort, featuring a total of 536 meticulously crafted apartments. The project will be developed in multiple phases, with the first phase comprising 268 high-end units. These apartments are priced starting at ₹14,500 per square foot, reflecting the premium positioning of the development. The company anticipates generating over ₹1,000 crore in revenue from the initial phase alone.
Strategic Collaborations
The architectural design of Elaira Residences is entrusted to the renowned Hong Kong-based firm Benoy, ensuring a blend of aesthetic appeal and functional design. Financial backing for the project comes from HDFC Capital, providing a robust foundation for its execution.
Market Context
Gurugram’s real estate market has witnessed significant growth, particularly in the luxury segment. Developments like Elaira Residences cater to the increasing demand for premium housing options among discerning buyers seeking modern amenities and strategic locations.
Future Outlook
Conscient Infrastructure’s Director, Rajesh Jain, has expressed confidence in the market’s potential, indicating plans to launch multiple luxury projects across the Delhi-NCR region. With a diverse portfolio encompassing nearly 20 million square feet under various stages of development, the company continues to solidify its presence in the real estate sector.
Elaira Residences stands as a testament to Conscient Infrastructure’s commitment to delivering high-quality living spaces that meet the evolving needs of modern homeowners.
