Elan Group Awards Rs8.4 bn Contract To Tata Projects

08 May 2026 CW Team

Elan Group has awarded Tata Projects a Rs8.4 billion (bn) contract to construct Elan The Statement, an ultra-luxury residential development in Sector 49, Gurugram. The project carries a total planned investment of Rs16 bn and is spread across approximately six acres. Construction work has commenced and the contract is among the larger residential construction assignments in the city. The development forms part of Elan Group's portfolio across residential, commercial and hospitality sectors.

The development comprises five towers with residences offering super areas from 4,285 sq ft to 7,270 sq ft. Each tower follows a two-residences-per-core configuration with private lift lobbies, aiming to provide enhanced privacy and circulation efficiency. The project design has been prepared by Benoy of London and landscape planning by SWA Group of California. The scope awarded to Tata Projects covers structural and core works and associated services required to deliver the complex to completion.

Rakesh Kapoor, chairman of Elan Group, said that Elan The Statement embodied the company’s ambition to deliver developments defined by design excellence and engineering strength, and that the start of construction reinforced the group's focus on disciplined execution and timely delivery. He indicated that partnering with Tata Projects was intended to help achieve global benchmarks across the project's planning, construction and handover phases.

Barun Pal Chowdhury, executive vice president and SBU head for buildings and airports at Tata Projects, described the assignment as representing the next generation of luxury developments in Gurugram, where design ambition meets execution rigour. He noted that Tata Projects has a track record of delivering complex, large-scale infrastructure with predictability, precision and safety, and that the company was committed to creating an asset distinguished by scale, quality and reliability.

Products

19 Jun 2026

REHAU Opens Interior Solutions Experience Centre in Gurgaon

REHAU Kitchen has partnered with Third Space Collective to launch a new experience centre in Gurgaon, strengthening its presence in India's growing premium interiors market.Spread across 3,400 sq. ft., the facility showcases a range of interior applications including kitchens, wardrobes, TV units, bar units and storage solutions, offering homeowners, architects and interior designers an opportunity to explore engineered interior products and material innovations under one roof.The collaboration is aimed at making advanced interior solutions more accessible while addressing growing consumer dem..

Sky City Mall Marks Father's Day with Digital Film

Sky City Mall, Oberoi Realty's newest retail destination, has launched a Father's Day digital film that celebrates the bond between fathers and their children while highlighting the evolving role of malls as experience-led destinations.The campaign reflects the growing importance of retail destinations as spaces where shopping, dining, entertainment and social interactions come together to create memorable experiences for families. Through the film, Sky City Mall positions itself as a venue for meaningful moments and celebrations beyond traditional retail activity.The narrative follows a fathe..

YKK India to Set Up Manufacturing Facility at Origins Chennai

Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers and Sumitomo Corporation of Japan, has announced that YKK India will establish a new manufacturing facility at Origins by Mahindra, Chennai.According to YKK India, the proposed facility will be its third manufacturing plant in the country and will span approximately 149,936 sq. m. The company plans to invest US$150 million in the project, which is expected to be completed by February 2028.YKK India, a manufacturer of fastening products serving the apparel, textile and industrial sectors, wi..