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• Mr. Balaji

Hines and Conscient award Rs 500 crore construction contract for Elevate to Tata Projects

Hines, the international real estate firm, and Conscient Infrastructure have awarded the 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 this premium residential project located in an exclusive enclave of Sector 59 of Gurugram’s Golf Course Extn. Road. The project will be completed by 2023.

Prachish Vasudeva, senior director, Hines India, said, “We are delighted to award this prestigious contract to one of the finest construction companies in India. Elevate is a high-quality project and in Tata Projects we find a partner who shares our commitment to quality, transparency, safety and timely delivery to create the highest possible value for our customers.”

Elevate is a thoughtfully designed, premium residential development option for customers, priced between Rs 2.4-4.0 crore ticket size. 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 advisor and investment manager. The residential project with an estimated value of Rs 2000 crore is Hines’s first residential venture in India.

Rajesh Jain, director, Conscient Infrastructure, said, “We chose Tata Projects because of our confidence in their construction engineering ability and their commitment to deliver high quality that an international architectural design requires.”

Designed by the famous architect from Barcelona, Ricardo E Bofill, principal chief designer, RBTA, the apartment units comprise 3 and 4 bedroom apartments in varying sizes. The unique aspect of the project is its differentiating features and the eye for detail with which this project is designed to give complete peace of mind to each customer.