Q. Please share complete details about Elevate.
Elevate is a Joint venture between Conscient and Hines where Conscient is the developer and Hines is the Investment Manager. It is a 7.7 Acre project with 556 Apartments. Apartment sizes range from 2100 sq. ft. to 3400 sq. ft. The apartment units comprise of – 3BKH, 3BHK + Powder, 3BHK + Study and 4BHK. It’s a luxury project located in an exclusive enclave in Golf Course Extension Road Area, Sector 59, Gurugram.
It’s a fast developing, premium, neighbourhood with high end developments in the vicinity such as Grand Hyatt Hotel, luxury residences and commercial development, Ascott serviced residences, Mahindra luminaire, Grand Arch
The unique aspect about the project is its differentiating features and the eye for detail with which the project is designed to give complete peace of mind. The project has a rich amenity set which includes:
Q. Gurugram is the hub of luxury real residential estate. What sets Elevate apart?
Elevate project has been designed keeping the end users in mind and long-term investors who continue to see merit and value in quality real estate as an asset class. This segment of customers responds to good investment opportunities and is largely immune to market fluctuations. Here, residents will experience all the modern luxurious facilities with majestic view of serene greens in the north and Aravallis in the south.
Elevate will set new standards in quality residential project and customer satisfaction thus benchmarking us to international best practices. In other words, this project will meet the expectation of the clients who expressed the need for an international standard community.
Q. When will you commence work on Elevate? When are you likely to complete the project?
We have already commenced work on developing the premium residential project, Elevate. Sales launch will commence in August and we intend to finish and deliver the first set of buildings by 2023.
Q. Have you received all the necessary permissions and approvals for the project?
Yes, we have taken all the necessary permissions and approvals required for the project such as land clearance, zone clearance, building approval, occupancy certificate, etc. After the construction is completed, the Completion certificate will be issued which will ensure that the builder or owner has constructed the building as per approved plan.
Q. How much have you already invested in this project? How much more are you likely to invest?
Till now Hines and Conscient have together put in Rs. 500 crore equity fund into the JV and the total estimated cost for the investment is of Rs. 1500 crore.
Q. What is your pricing strategy and the target customers?
The project starting price will be approximately Rs. [12000]/sqft. It is a thoughtfully designed, differentiated, high-quality, residential development option for the customers, priced at INR 2.4 – 4.0 cr. ticket size.
Through this project, we aim to continue providing better homes through well thought out spaces to discerning consumers. This significant partnership between Hines and Conscient will help set new international standards in quality residential project.
Q. Who is the Architect? Let us know little more about the design and the layout of the project?
Elevate is designed by the famous architect from Barcelona, Mr. Ricardo E Bofill, Principal Chief Designer, Ricardo Bofill Taller de Arquitectura (RBTA). The apartment units comprise of 3BHK, 3BHK + Powder, 3BHK + Study and 4BHK. The unique aspect of the project is its differentiating features and the eye for detail with which the project is designed to give complete peace of mind to every customer.
Today, RBTA India is positioned to provide design and build solutions for the transformation of India, through territorial strategic planning, urban design, architecture, landscape design and interior design.
Key features of the project layout:
Q. Number of flats and size?
The project houses 556 for-sale apartments with equivalent saleable area sizes ranging from approximately 2,100 square feet to 3,400 square feet.
All towers are lifted 2.5 stories / 21’-0” off the ground to maximize the free area on the ground floor and provide open as well as shaded social space for residents.83 m X 57 m wide central landscaped, multi-level courtyard,houses a wide variety of recreational and user spaces.
Key apartment design features:
Corporate Comm India (CCI Newswire)
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