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Hines & Conscient awards contract for real estate project

Wednesday, 08 Jan 2020
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Hines, the international real estate firm, and Conscient Infrastructure have awarded Rs 500 crore construction contract for their premium residential development ‘Elevate’ to Tata Projects.

Tata Projects will be responsible for construction, coordination and delivery of the residential project located in an exclusive enclave of Sector 59 of Gurugram’s Golf Course extension road in Haryana.

The project will be completed by 2023. The project offers 556 apartments with equivalent saleable area sizes ranging from 2,100 sq ft to 3,400 sq ft. Conscient Infrastructure is the developer for the project while Hines is the development adviser and investment manager.

The residential project with an estimated value of Rs 2000 crore is Hines’ first residential venture in India. The apartment units comprise three and four bedroom apartments in varying sizes.

The project has a rich amenity set which includes vehicular-free space, grand arrival experience, themed landscape, apartment design, social club, among others.

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