Gurugram’s luxury housing market is witnessing renewed momentum as developers ramp up investments in large-format, high-end residential projects along emerging corridors like the Dwarka Expressway. The trend reflects a broader national shift toward premium real estate, with the share of luxury homes in total housing sales across India’s top cities surging to nearly 30% in Q1 2025, up from 18% two years ago, according to Anarock.
Amid this backdrop, realty firm Elan Group has awarded a Rs 1,100 crore construction contract to Leighton Asia, the regional arm of Australian infrastructure major CIMIC Group, for its newly launched ultra-luxury project, Elan The Emperor, in Sector 106, Gurugram. The project is part of a larger 50-acre integrated township being developed by Elan along the Dwarka Expressway, which is fast emerging as one of the most sought-after real estate destinations in the National Capital Region (NCR).
The contract, which covers nearly 5 million square feet of built-up area, brings Leighton Asia’s total work for Elan Group to around Rs 3,000 crore across three projects: Elan The Presidential, Elan The Imperial, and now Elan The Emperor. Combined, these developments span over 12.5 million square feet.
The luxury housing segment in NCR has been buoyed by multiple factors—improving infrastructure connectivity, growing demand from high-income professionals and NRIs, and a wider industry focus on sustainability and global design standards. Projects like Elan’s latest offering are increasingly being developed in partnership with international design and engineering firms. Elan The Emperor, for instance, involves global names like UHA London, SWA Group, WET Design, and HBA, and aims to secure IGBC LEED Gold certification for sustainable construction.
“Developers are clearly responding to a structural shift in demand. People now want more than just square footage—they want curated living experiences, global architecture, and integrated ecosystems,” said a Gurugram-based property consultant. “This is especially true in micro-markets like the Dwarka Expressway where upcoming infrastructure has significantly boosted buyer interest.”
Knight Frank India noted in its recent report that new launches in NCR’s luxury category rose 23% year-on-year in Q1 2025, with Gurugram accounting for a substantial share. Meanwhile, average ticket sizes in this segment have climbed nearly 12%, reflecting both rising input costs and buyer willingness to pay a premium for quality.
Elan Group Chairman Rakesh Kapoor said the latest development aligns with the company’s ambition to create “world-class residential landmarks.” Brad Davey, Managing Director of Leighton Asia, called the contract “a testament to our growing role in shaping premium housing in India.”