Elan Group Awards ₹840 Crore Construction Contract to Tata Projects for Elan – The Statement
Elan Group has taken a decisive step in strengthening Gurugram’s ultra-luxury real estate landscape. The developer recently awarded a ₹840 crore construction contract to Tata Projects for its premium residential project, Elan – The Statement, located in Sector 49, Gurugram.
This strategic move reflects Elan Group’s focus on execution excellence and long-term value creation. Instead of chasing scale alone, the developer continues to prioritize quality, credibility, and delivery assurance. As Gurugram’s luxury housing market matures, such decisions play a critical role in shaping buyer trust.
Sector 49: A High-Growth Luxury Micro-Market
Elan – The Statement enjoys a prime address along Sohna Road, one of Gurugram’s most desirable residential corridors. The location offers smooth connectivity to Golf Course Extension Road and Southern Peripheral Road (SPR), two high-ticket real estate zones.
Over the past three years, this region has witnessed nearly 74 percent growth in property values. At the same time, rental values have increased by close to 50 percent. These trends highlight strong end-user demand and investor confidence.
Additionally, Sector 49 places residents close to corporate hubs, top educational institutions, healthcare facilities, and lifestyle destinations. Because of this, the area attracts both luxury homebuyers and high-net-worth investors.
Project Overview: Designed for Spacious and Refined Living
Elan Group plans to invest approximately ₹1,600 crore in the development of Elan – The Statement. The project spreads across nearly six acres and features five elegantly designed residential towers.
The residences focus on scale and exclusivity. Super areas range from approximately 4,285 sq. ft. to 7,270 sq. ft. These homes offer expansive layouts, generous balconies, and well-defined living spaces. Instead of compact designs, the project emphasizes openness and privacy.
Furthermore, the globally renowned Benoy, a London-based architectural firm, has designed the project. Benoy’s involvement brings international design sensibilities, modern aesthetics, and functional planning. This design approach elevates the overall living experience.
Tata Projects: Strengthening Execution and Buyer Confidence
Elan Group’s decision to appoint Tata Projects adds significant credibility to the development. Tata Projects commands a strong reputation for engineering precision, quality construction, and disciplined execution. The company has delivered some of India’s most complex infrastructure and real estate projects.
By partnering with Tata Projects, Elan Group reinforces its commitment to timely delivery and structural excellence. This collaboration also reassures buyers who increasingly prioritize execution strength over marketing promises.
According to Rakesh Kapoor, Chairman of Elan Group, the association reflects the group’s core values of quality, reliability, and long-term value creation. This alignment positions Elan – The Statement as a trustworthy offering in the ultra-luxury segment.
Gurugram’s Luxury Housing Market Continues to Rise
Gurugram has firmly established itself as India’s most dynamic luxury housing market. Infrastructure upgrades, expressway connectivity, and commercial expansion continue to fuel demand.
Moreover, buyer expectations have evolved. Today’s luxury buyers seek branded developers, reputed construction partners, and globally designed homes. Projects that combine all three elements stand out in a competitive market.
Limited land availability in prime locations like Sector 49 further strengthens the project’s investment appeal. As supply tightens, premium developments continue to command strong pricing and long-term appreciation.
Industry Insight from SKJ Landbase
Sharing his perspective on the development, Sanjeev Singh, Managing Director, SKJ Landbase, highlighted the importance of execution-driven partnerships in the luxury housing segment.
“The luxury housing market has matured significantly. Buyers now evaluate developers based on execution capability, construction partners, and long-term value. Elan Group’s collaboration with Tata Projects enhances trust and positions this project as a strong lifestyle and investment opportunity.”
His statement reflects a broader industry shift toward credibility, transparency, and delivery assurance.
Elan Group’s Expanding Footprint in Gurugram
Elan Group continues to expand its presence across Gurugram. Recently, the developer announced plans to invest nearly ₹3,000 crore in an upcoming ultra-luxury residential project along the Dwarka Expressway.
At present, Elan Group has a portfolio of 15 projects across Gurugram and New Delhi. These developments collectively cover around 25 million sq. ft. of built-up area. This consistent expansion demonstrates the group’s confidence in the NCR market and its ability to scale responsibly.
Final Thoughts: A Defining Luxury Development
Elan – The Statement marks an important milestone in Gurugram’s luxury housing journey. The project combines a premium location, international design expertise, spacious residences, and a trusted construction partner.
For buyers seeking exclusivity, long-term appreciation, and peace of mind, this development offers a compelling proposition. As Gurugram continues to evolve, projects like Elan – The Statement will shape the future of ultra-luxury living in the city.
