Elan Awards Rs 8.4 Billion Contract to Tata Projects

Tata Projects will execute construction works for Elan Group’s newly launched luxury project, Elan The Statement, located in Sector 49, Gurugram. The development spans around six acres and will comprise 230 high-end apartments, positioning it as a flagship residential offering within the company’s portfolio.

Elan Group plans to invest approximately Rs 16 billion in the project, underscoring its strategic focus on upscale residential real estate in key urban markets. The project is expected to combine advanced engineering standards with premium design and construction quality.

Commenting on the development, Rakesh Kapoor, Chairman of Elan Group, said that projects of this scale require strong technical expertise and proven delivery capabilities. He highlighted that Tata Projects’ engineering depth, reliability and technical competence align with Elan Group’s commitment to delivering long-lasting, high-quality residential developments.

Elan Group’s portfolio currently includes 15 residential, commercial and hospitality projects, with a cumulative built-up area of around 25 million square feet, reflecting its growing presence in India’s real estate sector.