[ecis2016.org] This land has a potential of 8 million sq ft of built-up area and a top line of around Rs 10,000 crores
Elan Group, on August 26, 2022, announced that it had concluded a major land deal in the country with Indiabulls Real Estate for Rs 580 crore, for 40 acres in Sector 106, Dwarka Expressway, Gurugram.
You are reading: Elan Group concludes 40-acre Dwarka Expressway land deal with Indiabulls for Rs 580 crore
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“We are proud to share that we completed the transaction well before time, with Indiabulls Real Estate. This project has a potential of 8 million sq ft of built-up area and has a top line of around Rs 10,000 crores. We are planning to launch this project by the fourth quarter of this year (2022) and we will be launching hi-end residential and commercial spaces,” said Akash Kapoor, director, Elan Group.
Out of the fully licensed 40-acre land, 30 acres are meant for residential development and 10 acres for commercial spaces, said the facilitators of the deal, Sachin Bhardwaj and Yukti Bhardwaj.
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Recently, Elan Group has also acquired another prime commercial licensed land of 7.65 acres from Ambience Group in Sector 82, Gurugram, for over Rs 200 crores.
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