The phrase "is in consideration" is correct and can be used in written English.
For example, "The purchase of additional land for the park is in consideration."
Solar hot water supply to various hand basins is in consideration.
"It is in consideration of those deaths that I disapprove of Charlie Hebdo's initiative," he said in a statement.
Respected economist Joe Stiglitz has claimed that Tony Blair is in consideration for the top job at the bank.
Legislation has been approved or is in consideration by Congress to speed up land expropriation, environmental permits and social consultation.
"The penalty reduction is in consideration of the Employer's prompt abatement of the cited hazards and efforts to prevent their recurrence," the settlement agreement states.
The apparent move from coastal cities to inland is in consideration of increased safety for the SPR in underground tanks scattered around the country (Wu 2014).
The works, Ms. Katz said, are still being shaped, and all are in consideration for future productions at Luna Stage.
I wrote an order to the best of my ability, and that order was in consideration of the numerous people that needed to be paid in the future.
