Elan Group Taps Tata Projects for Rs 840 Cr Gurugram Luxury Project

REAL-ESTATE

Overview

Elan Group has awarded a substantial Rs 840 crore construction contract to Tata Projects for its ultra-luxury residential development, 'Elan The Statement', in Gurugram's Sector 49. The project, backed by a planned investment of approximately Rs 1600 crore, spans nearly 6 acres and aims to redefine premium living with spacious residences designed by Benoy.

Mega Construction Deal Awarded

Elan Group announced a major Rs 840 crore construction contract handed to Tata Projects. This deal is for the developer's ultra-luxury residential project, 'Elan The Statement', located in Sector 49, Gurugram. The project represents a significant investment of approximately Rs 1600 crore and has secured a premium location on nearly 6 acres.

Project Scale and Luxury Features

The development is set to feature five towers offering ultra-spacious residences. Units range from 4285 sq. ft. to 7270 sq. ft., each designed with a two-residences-per-core configuration and a private lift lobby to enhance privacy and exclusivity. Globally renowned architectural firm Benoy from London is responsible for the striking metal-and-glass facade.

Strategic Partnership Significance

The onboarding of Tata Projects for 'Elan The Statement' reflects Elan Group's commitment to quality and disciplined execution, according to Chairman Rakesh Kapoor. He emphasized the need for expertise with proven engineering depth for projects of this scale. Raman Kapil, President & COO of Buildings and Infrastructure at Tata Projects, expressed honour in contributing their precision and technical expertise to a project designed to reshape Gurugram's skyline for generations. This contract award follows strong market demand, reaffirming buyer confidence in the developer's offerings.

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