Hyderabad (TIP): IL&FS Engineering and Construction Company Ltd has bagged a letter of intent (LoI) from Emaar-MGF for a construction project worth Rs 135.50 crore.

The contract is for construction of the ‘Palm Terraces Select Housing Complex’ in Sector- 66 in Gurgaon.

The project involves the civil structure, finishing and low-side services works of the residential towers (G+9 to G+13 storey buildings), basements, compound wall, and other miscellaneous works. The project duration is 27 months.