TRUTHESTATE
Best Developers in Gurugram/Elan

Developer Profile

Elan

Retail-led developer, now building branded residences.

Established 2013Private

Truth Verdict

A clean delivery record — 1 project handed over on schedule, the rest on track. The balance sheet reads stretched.

01

About the developer

Elan is an active Gurugram developer; we hold in-depth reports on 3 of its projects. The read below is our own — delivery and delay history from public RERA filings, financial health from published financials, not the developer's marketing.

02

Track record

Projects we track

Flagship projects

  • Elan The Statement

In the pipeline

  • Elan The Mark
  • Elan Paradise
  • Elan Empire
  • Elan Imperial
03

Performance

8

Projects launched

1

Delivered

7

Ongoing

On schedule · locked

Avg delay · locked

Across every Gurugram project we track for this developer — delivered, ongoing and lapsed. Not scoped to one micro-market.

Free · no card

How reliably does Elan deliver?

Unlock the on-schedule share and the average slippage across this developer's filed projects — with a number.

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04

Financial health

24/100 · STRAINEDCR: Acuité BBB- / Stable (Negative Net Worth)Group: Elan Group (Kapoor Family)

Leverage · locked

Interest Coverage · locked

Cash Conversion · locked

Operating Margin · locked

Inventory Cover · locked

Forensic Analyst Audit Note

A directional read on Elan's financial health. The full audited financials and the per-project forensics are inside each report — unlock one for the complete numbers.

Verified Source: Acuité Ratings Rationale - Elan Limited Bank Facilities Reaffirmed (ACUITE BBB-/Stable, Sep 2025)
📄 View Official Audited Statement (PDF) →
05

News & updates

Live12 verified updates

News & Updates

Every verified ground event on Elan — filings, construction, JVs, corridor infrastructure and pricing — read for what it means to a buyer.

19 Oct 2026Regulatory

HERC grants 25-year parallel power distribution licence for Gurugram, Nuh to Eleven Power

  • The Haryana Electricity Regulatory Commission (HERC) has granted Eleven Power Private Limited a parallel distribution licence for Gurugram and Nuh revenue districts for 25 years under Section 14 of the Electricity Act, 2003.
Forensic impact read

HERC granted a 25-year parallel power-distribution licence for Gurugram and Nuh to a private company, alongside the existing state discom. Over time this can give residents a second electricity supplier; tariffs, the coverage area and rollout timing are what to watch. Update (23 Oct): after a strike by power employees, the state government assured them there would be no privatisation (ThePrint), so whether this licence is actually rolled out is now uncertain. Talks resume on 3 Nov.

The TribuneVerify filing ↗
1 Oct 2026Regulatory

CAQM Winter GRAP Stage III/IV Guidelines Enforced: Complete Ban on C&D Activities, Earthwork & RCC Casting Across NCR

  • Commission for Air Quality Management (CAQM) invokes strict Winter Graded Response Action Plan (GRAP Stage III/IV) measures across Delhi-NCR following severe air quality deterioration (AQI >400).
  • Mandates complete cessation of construction and demolition (C&D) activities, including earthwork, excavation, piling, concrete mixing/casting, and transit of loose building materials across Gurugram.
  • Non-earthwork site operations subject to strict anti-smog gun deployment and water-sprinkling mandates.
Forensic impact read

Immediate site halt freezes ongoing structural casting and superstructure progress; introduces potential 30–60 day milestone slippage risks; elevates idle machinery carrying and labor retention costs for developers across active under-construction developments.

Ref CAQM/DIR/GRAP-2026-10Verify filing ↗
26 Sept 2026Corridor Infra

Rs 40 to Rs 350: Haryana notifies toll rates on sections of 3 roads in Gurugram-Faridabad region

  • The Haryana government has notified sections of three roads in the Gurugram-Faridabad region as toll-facility roads, with toll rates ranging from Rs 40 for cars and three-wheelers to Rs 350 for multi-axle and other heavy vehicles.
Forensic impact read

Haryana notified toll rates (Rs 40–Rs 350) on sections of Gurugram-Faridabad-region roads — a new commute-cost factor for the corridor.

The TribuneVerify filing ↗
22 Sept 2026Regulatory

Gurugram tightens construction and demolition waste rules; no Occupancy Certificate without disposal proof

  • The Municipal Corporation of Gurugram (MCG) has tightened rules for construction and demolition (C&D) waste management, making proof of proper waste disposal a mandatory requirement for obtaining Occupancy Certificates (OCs) and Completion Certificates (CCs).
Forensic impact read

MCG will not issue an Occupancy Certificate without proof of construction-and-demolition waste disposal — a new compliance gate that can delay OC/possession timelines across Gurugram projects.

The TribuneVerify filing ↗
11 Sept 2026Regulatory

Gurugram waterlogging: HHRC orders city-wide drainage audit, summons GMDA report by December 15

  • The Haryana Human Rights Commission (HHRC) has taken suo motu cognizance of recurring Gurugram waterlogging, calling it a problem that "goes beyond a temporary disruption caused by heavy rainfall" and ordering a comprehensive city-wide civic infrastructure audit.
The TribuneVerify filing ↗
25 Aug 2026Corporate / JV📌 Landmark

Elan Group Signs Landmark Agreement with Marriott to Bring JW Marriott Hotel & Branded Residences to Sector 106

  • Elan Group and Marriott International signed a definitive agreement to develop a JW Marriott Hotel and branded JW Marriott Residences in Sector 106, Dwarka Expressway.
  • Construction and master development will be led by Elan Group; Marriott Hotels India will manage both the hotel and luxury residences upon completion.
  • The residential collection features 3, 4, and 5 BHK ultra-luxury homes launched under RERA guidelines as part of Elan's ~50-acre integrated urban destination.
Forensic impact read

Tier-1 global luxury hospitality branding provides major catalytic uplift to Sector 106 micro-market pricing and high-end rental yields.

Ref ET/HOTELS/133463755Verify filing ↗
4 Aug 2026Corporate / JV📌 Landmark

Elan Group Signs Hospitality & Luxury Retail Brands for 30-Acre Sector 106 Mixed-Use Destination

  • Elan Group finalized leases for 400,000 sq ft high-street retail, multiplex, and five-star branded wellness suites.
  • Micro-market catchment expanded following full commercial flyover commissioning on Dwarka Expressway.
Forensic impact read

Integrated commercial ecosystem drives independent lifestyle self-sufficiency and high asset value.

Ref RP/RETAIL/ELAN-106Verify filing ↗
21 Jun 2026Corridor Infra

Gurugram Railway Station to get direct road link to Dwarka Expressway

  • The Gurugram Railway Station, currently being upgraded under the Centre's Amrit Bharat Station Scheme, is set to get a direct road link to the Dwarka Expressway, with the Gurugram Metropolitan Development Authority (GMDA) preparing to commission a feasibility study to identify the most suitable route.
tribuneindia.comVerify filing ↗
2 Jun 2026Corridor Infra

Metro, Flyover, Road & Underpass: 4-Level Traffic Plan Finalized for Bakhtawar Chowk on Sohna Road Corridor

  • GMDA in coordination with GMRL finalized the 4-level integrated traffic structure at Bakhtawar Chowk linking Millennium City Centre to Sector 49.
  • Includes double-decker flyover and dedicated underpass with shared metro station pillar infrastructure.
Forensic impact read

Resolves historic peak-hour traffic bottleneck on central Sohna Road corridor.

Ref TOI/ART/131470826Verify filing ↗
13 May 2026Corridor Infra

Dwarka Expressway connectivity to get Rs 90 crore road upgrade boost

  • In a major infrastructure push aimed at strengthening connectivity around the Dwarka Expressway corridor, the Gurugram Metropolitan Development Authority (GMDA) has prepared a comprehensive plan worth nearly Rs 90 crore for the repair and redevelopment of around 50 kilometres of roads linked to the expressway.
tribuneindia.comVerify filing ↗
22 Apr 2026Corridor Infra

GMDA plans two flyovers on Dwarka Expressway corridor to ease IMT Manesar traffic

  • In a major push to tackle mounting traffic congestion along the Dwarka Expressway corridor, the Gurugram Metropolitan Development Authority (GMDA) is set to construct two new flyovers, including a key structure at Shaheed Rao Ranjit Singh Chowk in Sector 84. The move is aimed at streamlining traffic flow between Dwarka Expressway and IMT Manesar, a stretch that routinely witnesses heavy vehicular pressure.
tribuneindia.comVerify filing ↗
31 Mar 2026Corridor Infra

SPR Corridor Growth: RMZ ₹7,500 Cr Commercial Hub Development Adds Grade-A Corporate Synergy

  • Sector 49/SPR corridor benefits from institutional corporate development by RMZ and Signature Global in nearby Sector 71 (1.8 km).
  • Reinforces Southern Peripheral Road as a premier Grade-A corporate and high-end residential belt.
  • Elevates demand for boutique luxury residences.
Forensic impact read

Institutional corporate investments along SPR strengthen macro-corridor pricing and executive housing demand.

Ref BS-RMZ-GCL-2026Verify filing ↗
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06

Frequently asked

Does Elan deliver its Gurugram projects on time?

We read this from Elan's HARERA filings rather than the brochure — for every tracked Gurugram project, whether it was handed over on or before its RERA-committed possession date, and how far behind the late ones ran. On that record Elan is among the stronger records we cover. The exact on-time share and the average slippage sit on this page, free with a mobile number, and no developer pays to change either one.

How many projects has Elan delivered in Gurugram?

We track 8 Elan projects in Gurugram: 1 delivered, 7 still under construction. Each is scored on delivery, legal standing and pricing in its own report.

Is Elan a reliable developer to buy from?

On delivery, Elan's tracked record is among the stronger records we cover. But reliability is project-specific: our developer read covers delivery, financial strength and legal signals, and every project Elan is building gets its own forensic report and Truth Score. Check the specific project before you book.

See all Elan projects

Every project we track from this developer — Truth Score, entry price and delivery risk, side by side.

View projects →All Developers Ranked

Independent assessment by Truth Estate. No developer can pay for a higher score or a better placement. Performance figures are our own tracked estimates. For the full audited financials and project-level forensics, open the reports.