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Gurgaon‑based Elan Group has secured a ₹250 crore financing deal from Piramal Finance, aimed at fast‑tracking the development of a new commercial project spanning over 1 million sq ft in the city .

This financing builds on the group’s strong recent funding record:

• ₹1,200 crore from Kotak Real Estate Fund last year
• ₹900 crore (USD 110 million) from global firm PAG back in 2022

Industry sources suggest CBRE acted as the financial advisor on this transaction. The fresh infusion will help accelerate timelines across Elan’s expansive portfolio of 15 projects, which includes residential, retail, commercial, and hospitality developments totalling around 25 million sq ft across Gurgaon and Delhi.

Moreover, Elan recently awarded construction contracts worth a combined ₹2,000 crore to Leighton Asia for two flagship developments:

• Elan Imperial, its premium commercial tower in Sector 82, Gurgaon
• Elan The Presidential, a luxury residential complex on the Dwarka Expressway

The group’s expansion into luxury housing began with the launch of Elan The Presidential in 2022 .

What This Means for You (Elan Group):

• Boosted development momentum: With seasoned funders like Piramal, Kotak, and PAG backing its projects, Elan is well-positioned to deliver high-quality spaces faster.
• Commercial real estate on the rise: The injection underscores continued investor confidence in Gurgaon’s commercial property landscape.
• Scale & diversification: Elan’s portfolio now stretches across multiple segments and geographies—putting it among the region’s most diversified developers.

Source : – Realty ET

Deepinder Goyal, the founder and CEO of food delivery giant Zomato, has made a significant real estate investment, acquiring a luxurious apartment in Gurugram’s highly sought-after ‘The Camellias’ by DLF. The sprawling residence, located on the coveted Golf Course Road in DLF phase-5, was purchased for ₹52.3 crore.

Documents show that the deal for the 10,813 square-foot super built-up area apartment was finalized in August 2022 and officially registered in March of this year. This acquisition places Goyal among the elite residents of one of India’s most prestigious addresses, known for its opulent amenities and premium lifestyle offerings.

The purchase highlights a broader trend of soaring property values in Gurugram’s luxury real estate market. Market experts estimate that the current value of Goyal’s apartment has already appreciated significantly, now commanding a price between ₹125 crore and ₹150 crore. This sharp increase reflects the robust demand and escalating prices for high-end properties in the region, solidifying The Camellias’ reputation as a prime investment for high-net-worth individuals.

Source :- Reality ET

Elan Group, a prominent Gurgaon-based developer, has recently secured a substantial ₹250 crore in funding from Piramal Finance. This significant investment is earmarked for the construction of a new commercial project in the bustling city of Gurgaon, set to span over an impressive one million square feet. This latest financial injection underscores the confidence investors have in Elan Group’s vision and the robust potential of the Gurgaon real estate market.

Strategic Financial Backing

This isn’t the first time Elan Group has attracted considerable investment. The current construction finance deal with Piramal Finance follows a substantial ₹1,200 crore funding secured from Kotak Real Estate Fund just last year. Furthermore, in 2022, the group successfully raised $110 million (equivalent to approximately ₹900 crore) from PAG, a leading global alternative investment firm. These successive rounds of funding highlight Elan Group’s strategic approach to financial management, ensuring robust capital for its ambitious projects. The company’s primary objective with these funds is to fast-track its diverse projects across the region, bringing them to completion more efficiently and rapidly.

Expanding Project Portfolio – Elan Group

Beyond financial milestones, Elan Group has also been active on the development front. The company recently awarded two major construction contracts, collectively valued at a remarkable ₹2,000 crore, to Leighton Asia. These contracts are specifically for two of their highly anticipated projects: Elan The Presidential, a luxury residential development located in Sector 106, Dwarka Expressway, and Elan Imperial, a new luxury commercial project situated in Sector 82, Gurgaon. These projects underscore Elan Group’s commitment to delivering high-quality, aspirational spaces in both the residential and commercial segments.

Elan Group’s comprehensive portfolio currently boasts 15 projects, strategically spread across the residential, retail, commercial, and hospitality sectors. These developments are concentrated in key locations such as Gurgaon and New Delhi, collectively offering an expansive 25 million square feet of built-up area. This diverse portfolio positions Elan Group as a multifaceted player in the real estate market. In a notable strategic move in 2022, the group also ventured into the exclusive luxury residential segment with the successful launch of Elan The Presidential, marking a new chapter in their growth story.

Positive Market Trends

Elan Group’s recent successes are set against a backdrop of a thriving Indian real estate market. According to Savills India, a globally recognized real estate consulting firm, private equity investment inflows into the Indian real estate sector experienced a significant surge in the first half of 2025. These inflows reached an impressive $2.4 billion (approximately ₹20,000 crore), marking a substantial 38% year-on-year increase. This robust growth in investment signals a strong and optimistic outlook for the real estate sector in India, further supporting Elan Group’s expansion and development initiatives.

The sustained investment and development activities by companies like Elan Group are crucial indicators of a dynamic and growing real estate landscape in the National Capital Region and beyond.

Source :- Economic Times

The debate over leasehold vs freehold land in Mumbai is a critical conversation for anyone looking to invest in the city’s dynamic real estate market. As you browse listings for your dream apartment, especially in premium and luxury segments, you’ll encounter these two fundamental types of property ownership. While it might seem like a minor detail, the difference between leasehold and freehold has profound and lasting implications on your rights, your finances, and your future peace of mind.

This comprehensive guide will walk you through everything you need to know, breaking down the complexities and empowering you to make an informed and confident investment decision in India’s financial capital.

What Exactly is Freehold Property?

In simple terms, freehold ownership is the most complete and straightforward form of property ownership. When you purchase a flat in a building constructed on freehold land, the housing society (of which you are a member) owns the building and, crucially, the land it is built upon, in perpetuity.

Key Advantages of Freehold Property:

• Absolute Ownership: There is no ambiguity. You and the other society members are the outright owners.
• No Lease Expiration: You don’t have to worry about a lease running out or the associated renewal fees.
• Greater Control: The society has more autonomy over the property, including decisions about redevelopment in the future.
• Easier Financing: Banks often view freehold properties more favourably, which can simplify the home loan process.

Understanding Leasehold Property in Mumbai

The concept of leasehold vs freehold land in Mumbai becomes more complex with leasehold properties. When you buy a leasehold apartment, you are buying the rights to the structure (your apartment) for a fixed term, but not the land itself. The land is owned by a landlord (which could be a private entity, a trust, or the government) and is leased to the developer or the housing society for a specific period, commonly 30, 60, or 99 years.

Many of Mumbai’s most sought-after locations, including areas in South Mumbai, Bandra, and Andheri, have a high concentration of properties on leasehold land. This is often due to historical land ownership patterns.

The Central Concern: The primary anxiety for leasehold property owners revolves around the question: what happens when the lease expires? The uncertainty includes:

• Will the lease be renewed automatically?
• What will the renewal premium (cost) be? It could be a substantial amount.
• Does the land and the building on it revert to the original landowner?
• Could property values plummet as the lease expiration date nears?

The Core Debate: Leasehold vs Freehold Land in Mumbai

When weighing your options, the decision isn’t always clear-cut. While freehold seems superior on paper, the availability and location of properties often push buyers towards leasehold options.

Ownership, Rights, and Future Security

The most significant difference lies in security. Freehold property offers a sense of finality. With leasehold, you are essentially a long-term tenant of the land. This can create complications for future generations who inherit the property, as they will also inherit the lease and its eventual expiration.

Financial Implications and Market Value

Leasehold properties can sometimes be slightly more affordable than their freehold counterparts in the same locality. However, this initial benefit can be offset by the long-term financial risks. As a lease shortens (e.g., drops below 30-40 years), it can become more difficult to sell the property or secure a loan against it, potentially impacting its market value.

Expert Advice: Your Due Diligence Checklist

Legal experts strongly recommend extreme caution and thorough investigation before investing in a leasehold property.

1. Scrutinize the Lease Deed: This is non-negotiable. Your lawyer must examine the lease deed to understand its specific clauses on renewal, rent escalation, and transfer of ownership.
2. Verify the Remaining Lease Period: A longer remaining lease (ideally 60+ years) offers more security.
3. Investigate the Landowner: Understand who the freeholder (the original landowner) is. Is it a government body like MHADA or a private trust? Government leases are often perceived as more stable.

What Do Mumbaikars Think?

The discussion isn’t just for experts. Online forums and community groups are filled with Mumbai residents sharing their experiences. Many express a strong preference for freehold properties, citing the “buy it and forget it” peace of mind. Others argue that leasehold is an unavoidable reality in many prime areas and that with proper legal checks, it remains a viable option. The consensus is clear: awareness and due diligence are paramount.

Source : HindustanTimes

According to three sources with knowledge of the matter, Max Estates and Namo realtech private ltd have signed a Joint matter Agreement (JDA) to build a group housing project on the Dwarka Expressway in Gurgaon.

The property is adjacent to Krisumi Waterfall Residences, which is a joint venture between Indian auto component manufacturer Krishna Group and Japanese giant Sumitomo Corporation.

The Max Estates and Namo Realtech-formed independent SPV will include this project. In addition to being the managing director of Krisumi Corporation, Mohit Jain is a director of Namo Realtech.

In sector 36A in Gurgaon, Max Estates plans to create around 2.5 million square feet on a 15-acre plot of land. One of the individuals cited above stated, “The developer would receive one third of the saleable area and an advance payment of Rs 75 crore.

While Max Estates plans to launch its first residential property in Noida in the first half of 2023, this will be the company’s first residential project in Gurgaon.

The deal’s transaction advisor is CBRE. ET sent a letter to Max Estates and CBRE, but neither company replied.

Recently, the US-based mutual life insurance company New York Life Insurance Co. announced plans to invest Rs 290 crore for a 49% ownership share in a commercial project in Gurgaon that is being developed by Acreage Builders Private Limited, the SPV of Max Estates.

Max declared in September 2022 that it has begun the process of paying Rs 322.50 crore to acquire 100% of the SPV’s equity.

It completed the acquisition and onboarded New York Life on February 2 of this year.

The new SPV, which is authorized to develop a commercial property on 7.15 acres on Gurugram’s Golf Course Extension Road, will be 51:49 owned by both companies.

The company’s first commercial project in Gurgaon will be this one.

“With acquisitions this year (completed and in the pipeline), we will be ending FY 23 with a real estate portfolio of 7-8 million square feet diversified across the Delhi-NCR region, asset classes, and risk spectrum,” Sahil Vachani, CEO and MD of MaxVIL, just recently.

By the middle of CY 23, the company intends to start construction on a residential complex in Noida.

The business had stated in a release, “This will be a boutique development with a gross development value of Rs 1300 crore.”

The projected saleable area of this residential-focused, mixed-use project is one million square feet.

The company’s 9M FY23 consolidated revenue of Rs 850 million increased by 18% year over year.

Every year, Max Estates intends to build and buy one million square feet of upscale office space for both commercial and residential use.

The corporation has completed three land transactions in the past six months, paying Rs 850 crore for approximately 22 acres.

The remaining lots will be used for commercial construction, with one being developed for residential use.

According to property consultant ‘Anarock’, in the first half of 2024 Total houses sold in top Indian cities in the quarter 21% luxury houses (price above ₹1.5 crore) stay involved. Highest number of luxury houses in Mumbai (9,360) sold. After this Delhi-NCR (6,060), Hyderabad (5,755), Bengaluru (3,455), Pune (1,530), Chennai (530) and Kolkata (380) was ranked.

Having a guest room is a luxury that many people enjoy. It allows us to host our loved ones and friends in comfort and style. But did you know that the placement of your guest room can have a big impact on the energy of your home?

According to Vastu Shastra, the ancient Indian system of architecture, the location and design of your guest room can affect the overall well-being of your guests and your family. Here are some key Vastu principles for guest rooms:

• The best direction for a guest room is the northwest. This direction is associated with the element of air, which is said to promote positive energy and good health.
• The bed should be placed in the southwest corner of the room. This will help to ensure that your guests get a good night’s sleep and feel refreshed in the morning.
• The head of the bed should be facing south or east. These directions are associated with prosperity and good fortune.
• There should be no beams or pillars directly above the bed. This can create negative energy and disrupt your guests’ sleep.
• The windows should be placed on the east or north side of the room. This will allow fresh air and sunlight to enter, which will promote positive energy.
• The walls should be painted in light, airy colors. This will help to create a sense of calm and relaxation.
• The furniture should be made of natural materials, such as wood or bamboo. This will help to connect your guests with the natural world.
• The room should be kept clean and tidy. This will create a sense of peace and order.

By following these Vastu principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, and that they leave your home with positive memories.

In addition to the above principles, here are some other tips for creating a positive guest room space:

• Use soft lighting to create a relaxing atmosphere.
• Add plants to the room to bring in natural energy.
• Place a water feature in the room to promote good circulation.
• Play calming music in the background.
• Offer your guests a welcome gift, such as a fruit basket or a bottle of wine.

By following these tips, you can create a guest room that is both inviting and uplifting. Your guests will appreciate your thoughtfulness, and they will leave your home feeling refreshed and rejuvenated.

Guests Room Vastu Principles To Follow

Guests from different cultures and environments may bring in different energies. It is important to design your guest room in a way that creates a healthy atmosphere for everyone. Here are some principles to follow:

• Choose a location that is peaceful and quiet. Avoid placing the guest room near noisy areas of the house, such as the kitchen or the garage.
• Use light, airy colors on the walls. These colors will help to create a sense of calm and relaxation.
• Add plants to the room. Plants help to purify the air and promote positive energy.
• Place a water feature in the room. The sound of running water is said to be calming and relaxing.
• Keep the room clean and tidy. A clean and tidy room will help to create a sense of peace and order.

By following these principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, regardless of their cultural background or energy level.

Here are some additional tips for creating a healthy guest room atmosphere:

• Use soft lighting to create a relaxing atmosphere.
• Play calming music in the background.
• Offer your guests a welcome gift, such as a fruit basket or a bottle of wine.
• Ask your guests about their preferences for the room, such as the temperature or the type of bed.

By following these tips, you can create a guest room that is both inviting and comfortable for everyone.

Build it in the northwest corner as per Guest Room Vastu

When planning a guest room in your house, you should be particular about the direction. The southwest corner is not ideal for a guest room, as it is considered to be the best direction for the head of the family. The northwest is the most appropriate direction for a guest room, but you can also consider the south direction, as long as you consult a Vastu expert first. The southeast corner is also a good option.

According to Vastu, the cabinets should be placed on the south or west wall of the guest room. The correct directions for the guest room door are:

• Northeast door facing north or east
• Northwest door facing west
• Southeast door facing south

By following these Vastu principles, you can create a guest room that is both welcoming and positive. This will ensure that your guests feel comfortable and relaxed, and that they leave your home with positive memories.

Here are some additional tips for creating a guest room that is in alignment with Vastu principles:

• Use light, airy colors on the walls.
• Add plants to the room.
• Place a water feature in the room.
• Keep the room clean and tidy.
• Avoid placing the guest room near noisy areas of the house.
• Ask your guests about their preferences for the room, such as the temperature or the type of bed.

The National Housing Bank (NHB) has released its latest housing price index, which shows that housing prices rose in 43 cities in the March quarter of FY23. The index, which measures the average price of residential properties across India, rose by 1.5% in the March quarter.

The rise in housing prices was led by eight key primary residential markets, namely Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. These markets saw an average increase of 2.1% in housing prices in the March quarter.

The rise in housing prices is being attributed to a number of factors, including:

• Increased demand: The demand for housing has been on the rise in recent months, driven by factors such as rising income levels, lower interest rates, and the government’s push for affordable housing.
• Limited supply: The supply of housing has been limited in recent years, due to factors such as delays in land acquisition and approvals.
• Rising input costs: The cost of construction materials has been rising in recent months, which has led to an increase in the cost of housing.

The rise in housing prices is expected to continue in the coming months, but the pace of growth is likely to moderate. The NHB has forecast that housing prices will rise by 5.5% in FY23.

The rise in housing prices is a positive development for the real estate sector, but it could also pose a challenge to first-time homebuyers. Homebuyers should carefully consider their financial situation before making a purchase, and they should also be aware of the risks associated with buying a home in a rising market.

Here are some of the key takeaways from the NHB report:

• Housing prices rose in 43 cities in the March quarter of FY23.
• The average increase in housing prices was 1.5%.
• Eight key primary residential markets saw an average increase of 2.1% in housing prices.
• The rise in housing prices is being attributed to increased demand, limited supply, and rising input costs.
• The NHB has forecast that housing prices will rise by 5.5% in FY23.

What does this mean for homebuyers?

The rise in housing prices is a positive development for the real estate sector, but it could also pose a challenge to first-time homebuyers. Homebuyers should carefully consider their financial situation before making a purchase, and they should also be aware of the risks associated with buying a home in a rising market.

Here are some tips for homebuyers in a rising market:

• Do your research and understand the local real estate market.
• Get pre-approved for a mortgage before you start shopping for a home.
• Be prepared to act quickly when you find a home that you like.
• Be realistic about your budget and don’t overstretch yourself.
• Be prepared to compromise on some of your requirements.

The rise in housing prices is a good sign for the Indian economy, but it is important for homebuyers to be aware of the risks involved before making a purchase.