Priced at Rs 14,500 per sq ft, these luxury apartments are set to be in Gurugram Sector 80; developer eyes Rs 1,000 crore in Phase 1 of 5.5 acre project

Real estate developer Conscient is set to invest Rs 1,200 crore over multiple phases in its Elaira Residences luxury residential project. Located in Sector 80, Gurugram, Haryana, the project is set to house 536 apartments. The developer plans to roll out 268 out of those units in the first phase itself. Conscient is aiming for revenue to the tune of Rs 1,000 crore through the first phase.

• The Elaira Residences project is spread over an area of 5.5 acres.
• The luxury housing project is part of Conscient’s strategy to tap growing demand in the NCR market.

Conscient Elaira Residences luxury apartment price starts at Rs 14,500 per square foot

• The company has said that the base sale prices of these apartments start at Ra 14,500 per square foot.

Booming NCR property market

• The luxury project comes at a time when most analysts see growing demand in the country’s real estate sector also boosted by more reductions in pandemic-era interest rates.
• In the National Capital Region, housing sales increased 10 per cent on a year-on-year basis to 11,221 units in the first quarter of the calendar year, according to property consultant PropEquity.

• These are spacious 3BHK flats tailored for discerning homebuyers seeking comfort and quality, offering a blend of aesthetic appeal, open spaces, and an exclusive lifestyle in Gurugram’s growing real estate hub, according to the developer.
• Hong Kong-based design firm Benoy has developed its architecture plan and layout.
• The luxury residential project is funded by HDFC Capital.
• This marks Conscient’s third premium real estate offering in Gurugram after The Park and Elevate Reserves.
• Conscient plans to expand further in the luxury real estate market with multiple upcoming residential projects in Delhi-NCR.