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ANI |
Updated: December 01, 2022 13:24 IST
Gurgaon (Haryana) [India]December 1 (ANI/NewsVoir): Gurgaon headquartered, Elan Group today announced the launch of its first residential project, Elan – ‘The Presidential’ at Sector 106, Dwarka Expressway, Gurgaon.
The superluxury project will be the first residential project in Elan Group’s portfolio after successfully developing retail and commercial projects across Gurgaon. Elan Group will invest around Rs 4,000 crore in the development of the project and expects sales revenue of Rs 10,000 crore from it.
Spread over 30 acres, the project will have approx. 1800 superluxury residences (3, 4, 5 BHK and Duplex Penthouses) estimated at Rs 4 to 12 Crores. The project is planned to be developed in three phases in which Elan Group has commissioned 728 residences in the first phase.
Commenting on the launch, Elan Group Managing Director Raveesh Kapoor shared, “We are excited to enter the residential real estate segment with the launch of our superluxury project, Elan – ‘The Presidential’ located on the Dwarka Expressway. The project will be developed in three phases, and we 10,000 crore expected top line. We are confident that our project will set new benchmarks in the super luxury segment in NCR.”
Elan Group currently has 12 retail and commercial projects in prime locations in Gurugram and New Delhi with a total salable area of ​​approximately 15 million sq.ft.
Earlier this year, in August, Elan Group received USD 50 million (around Rs 425 crore) from PAG.
Headquartered in Gurugram, Elan Group is one of the leading real estate developers in the country. The group is committed to setting new benchmarks of excellence in the real estate segment.
The Group’s bespoke offerings are constantly redefining the customer experience with innovative and cutting-edge design and architecture, best-in-class amenities and facilities. Strategically located in Gurugram, the group’s projects are built on the concept of ‘under one roof’ and are poised to emerge as a one-stop destination for all residential, retail, hospitality and entertainment needs.
This news is provided by Newswire. ANI shall not be responsible in any way for the content of this article. (ANI/Newsvoir)
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