Elan Awards Rs 8.4 Billion Contract to Tata Projects
Real Estate

Elan Awards Rs 8.4 Billion Contract to Tata Projects

Real estate developer Elan Group has awarded a construction contract worth Rs 8.4 billion to Tata Projects for a premium residential development in Gurugram, strengthening its collaboration with the infrastructure major on large-scale housing projects.

Tata Projects will execute construction works for Elan Group’s newly launched luxury project, Elan The Statement, located in Sector 49, Gurugram. The development spans around six acres and will comprise 230 high-end apartments, positioning it as a flagship residential offering within the company’s portfolio.

Elan Group plans to invest approximately Rs 16 billion in the project, underscoring its strategic focus on upscale residential real estate in key urban markets. The project is expected to combine advanced engineering standards with premium design and construction quality.

Commenting on the development, Rakesh Kapoor, Chairman of Elan Group, said that projects of this scale require strong technical expertise and proven delivery capabilities. He highlighted that Tata Projects’ engineering depth, reliability and technical competence align with Elan Group’s commitment to delivering long-lasting, high-quality residential developments.

Elan Group’s portfolio currently includes 15 residential, commercial and hospitality projects, with a cumulative built-up area of around 25 million square feet, reflecting its growing presence in India’s real estate sector.

Real estate developer Elan Group has awarded a construction contract worth Rs 8.4 billion to Tata Projects for a premium residential development in Gurugram, strengthening its collaboration with the infrastructure major on large-scale housing projects. Tata Projects will execute construction works for Elan Group’s newly launched luxury project, Elan The Statement, located in Sector 49, Gurugram. The development spans around six acres and will comprise 230 high-end apartments, positioning it as a flagship residential offering within the company’s portfolio. Elan Group plans to invest approximately Rs 16 billion in the project, underscoring its strategic focus on upscale residential real estate in key urban markets. The project is expected to combine advanced engineering standards with premium design and construction quality. Commenting on the development, Rakesh Kapoor, Chairman of Elan Group, said that projects of this scale require strong technical expertise and proven delivery capabilities. He highlighted that Tata Projects’ engineering depth, reliability and technical competence align with Elan Group’s commitment to delivering long-lasting, high-quality residential developments. Elan Group’s portfolio currently includes 15 residential, commercial and hospitality projects, with a cumulative built-up area of around 25 million square feet, reflecting its growing presence in India’s real estate sector.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code