Elan Group Secures ₹250 Cr from Piramal Finance for Gurgaon Commercial Project

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