Elan Group has concluded one of the biggest land deals in the country with Indiabulls Real Estate of 40 Acres for Rs 580 crore in Sector 106, Dwarka Expressway Gurugram. “We are proud to share that we completed the transaction well before the time with Indiabulls Real Estate. This project has a potential of 8 Million Sq. ft. of built-up area and has a top line of around Rs 10000 Crores, we are planning to launch this project by the fourth quarter of this year and we’ll be launching Hi-End Residential & Commercial spaces” said Akash Kapoor – Director, Elan Group
The 40-acre land parcel of sector 106 Gurugram is strategically located in one of the most prominent locations on Dwarka Expressway which is close-by to the International Airport New Delhi. It is a fully licensed 40-acre land, out of that 30 acres are meant for residential development and 10 acres for commercial spaces, said the facilitators of the deal, Mr. Sachin Bhardwaj & Ms.Yukti Bhardwaj.
Recently, Elan Group has also acquired one more prime Commercial Licensed Land of 7.65 Acres from Ambience Group in Sector 82 Gurugram. The value of the transaction is over Rs 200 Crores. Elan Group is planning to build another ONE Million Sq. Ft. of Commercial Project comprising of Retail Spaces, Offices, Service Apartments & Hotel.