Elan Group issued Letter of Intent to Leighton India (CIMIC Group) for INR 1000 crores construction contract for Elan The Mark in Sector 106, Dwarka Expressway, Gurugram.

Project scope: ~50+ acre integrated township with retail, commercial, residential, and hospitality including high-end mall, high-street retail, A-Grade offices, five-star hotel, and branded residences.

Construction contract covers nearly 5.5 million sq.ft. of built-up area (current and future phases) including comprehensive civil structure works.

Design team: Benoy (London) - architecture; SWA (California) - landscape architecture; WET Design (California) - water installations; Meinhardt Facade Technology (Singapore) - building envelopes; LERA (New York) - structural design; Thornton Tomasetti (New York) - structural engineering and sustainability; Lerch Bates (USA) - vertical transportation; RWDI (Ontario, Canada) - wind, acoustics and microclimate solutions.

Leighton Asia currently executing contracts for Elan Group's Elan The Presidential, Elan The Imperial, and Elan The Emperor projects.

SOBHA Ltd recorded its highest-ever quarterly real estate sales of ₹2,115 crore in Q3 FY26, up 52.3% from ₹1,389 crore in Q3 FY25 and 11.2% from ₹1,903 crore in Q2 FY26. SOBHA’s share was ₹1,818 crore (85.9%). New sales covered 1.37 million sq ft at an average realisation of ₹15,436 per sq ft. The company launched its first Mumbai project, SOBHA Inizio.

Bengaluru sales reached a city record ₹1,512 crore (71.5% of total), covering 1.02 million sq ft and supported by SOBHA Magnus. NCR contributed ₹349 crore, driven by the launch of serviced-apartment project SOBHA Strada in Sector 106, Gurgaon. Kerala sales were ₹154 crore, up 18.03% year on year.

For the nine months ended December 31, 2025, sales totalled ₹6,097 crore from 4.21 million sq ft, up 37.3% from ₹4,441 crore in 9M FY25. SOBHA completed 1.39 million sq ft and delivered 915 homes in Q3; 9M completions were 3.64 million sq ft, or 2,100 homes. It operates in 13 Indian cities. Q3 launches comprised three projects across three cities with 9.32 lakh sq ft of saleable area; 9M launches totalled 2.58 million sq ft. On January 2, shares closed at ₹1,495, up ₹32.20 (2.20%) on the BSE.

MRG Crown is developing a low-rise gated community in Sector 106, Gurgaon, positioned along the Dwarka Expressway. The project features low-density living with private terraces, green belts, and walkable layouts. According to Rajjath Goel, Managing Director of MRG Group, the vision emphasizes "luxury through space, design, and intent" rather than vertical development. The sector offers proximity to IGI Airport, central Delhi, Cyber City business hub, and the completed Dwarka Expressway. Target buyers include first-time luxury buyers aged 30-40, NRIs seeking stable long-term returns, and HNIs from Golf Course Road and South Delhi seeking second homes. The project emphasizes multi-generational design, clubhouse experiences, safety features, and community-first approach over traditional square-foot metrics.

Dwarka Expressway in Gurgaon has seen sharp rise in real estate activity and property values over four years. Sectors 113, 37D, 106, 111 and 103 emerged as key hotspots, contributing 74% of supply in last four years. Launch prices nearly doubled: Rs 9,434 per sqft in 2020 to Rs 18,668 per sqft in 2024. Demand particularly high for 4BHK apartments priced between Rs 4.8 crore and Rs 8.6 crore. Between 2020 and 2024, 15,994 housing units launched along corridor with 16,502 units absorbed, indicating robust demand. Study conducted by PropEquity, real estate data analytics firm.