Elan Group Secures Rs.1,200 Crore Investment from Kotak Real Estate Fund

23 Oct 2024 CW Team

Elan Group has raised an investment of Rs.12 billion from Kotak Real Estate Fund, part of Kotak Alternate Asset Managers, to fuel its expansion in Gurugram's real estate market. The capital will be used to strengthen its market presence and accelerate growth.

“This investment marks a pivotal moment in our growth journey, enabling us to strengthen our footprint in Gurugram’s real estate market,” said Akash Kapoor, Director of Elan Group.

Kotak Real Estate Fund, which began operations in 2005, has raised over $3.5 billion through various real estate funds.

Elan Group recently awarded construction contracts worth Rs.20 billion to Leighton Asia for two key residential projects: Elan The Presidential in Sector 106, Dwarka Expressway, and Elan Imperial in Sector 82, Gurugram.

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