Elan Awards Rs 8.4 Billion Contract to Tata Projects

23 Jan 2026 CW Team

With a planned investment of around Rs 16 billion, the development will be spread across nearly six acres. Named Elan – The Statement, the project comprises five towers offering spacious residences with super areas ranging from approximately 4,285 square feet to 7,270 square feet.

Although the developer has not disclosed the expected sales potential or completion timeline, it stated that the project has received strong market response. The development has been designed by London-based architectural firm Benoy.

Commenting on the contract, Elan Group Chairman Rakesh Kapoor said that the onboarding of Tata Projects reflects the company’s commitment to quality, disciplined execution and long-term value creation. He added that the collaboration aligns with Elan’s focus on delivering high-end residential developments backed by strong construction capabilities.

The project is located along Sohna Road, with connectivity to Golf Course Extension Road and the Southern Peripheral Road, two of Gurugram’s most sought-after real estate corridors. According to the developer, property values in the region have increased by nearly 74 per cent over the past three years, while rental values have grown by close to 50 per cent, reflecting rising demand and strong long-term appreciation potential.

Elan Group is also expanding its footprint in Gurugram through additional investments, including plans to invest around Rs 30 billion in an ultra-luxury housing project along the Dwarka Expressway. The company currently has a portfolio of 15 projects across Gurugram and New Delhi, with a total built-up area of approximately 25 million square feet.

The latest project underscores Elan Group’s strategy to strengthen its presence in Gurugram’s premium real estate market, supported by rising demand, improving infrastructure and sustained investor interest in high-end residential assets.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Elan Group has awarded a construction contract worth Rs 8.4 billion to Tata Projects for its newly launched ultra-luxury residential development in Sector 49, Gurugram. The project marks a significant step in Elan Group’s expansion strategy in the premium housing segment of the National Capital Region. With a planned investment of around Rs 16 billion, the development will be spread across nearly six acres. Named Elan – The Statement, the project comprises five towers offering spacious residences with super areas ranging from approximately 4,285 square feet to 7,270 square feet. Although the developer has not disclosed the expected sales potential or completion timeline, it stated that the project has received strong market response. The development has been designed by London-based architectural firm Benoy. Commenting on the contract, Elan Group Chairman Rakesh Kapoor said that the onboarding of Tata Projects reflects the company’s commitment to quality, disciplined execution and long-term value creation. He added that the collaboration aligns with Elan’s focus on delivering high-end residential developments backed by strong construction capabilities. The project is located along Sohna Road, with connectivity to Golf Course Extension Road and the Southern Peripheral Road, two of Gurugram’s most sought-after real estate corridors. According to the developer, property values in the region have increased by nearly 74 per cent over the past three years, while rental values have grown by close to 50 per cent, reflecting rising demand and strong long-term appreciation potential. Elan Group is also expanding its footprint in Gurugram through additional investments, including plans to invest around Rs 30 billion in an ultra-luxury housing project along the Dwarka Expressway. The company currently has a portfolio of 15 projects across Gurugram and New Delhi, with a total built-up area of approximately 25 million square feet. The latest project underscores Elan Group’s strategy to strengthen its presence in Gurugram’s premium real estate market, supported by rising demand, improving infrastructure and sustained investor interest in high-end residential assets.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..