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The short answer
Watchlist: A prime-location address and a proven developer, offset by legal gaps.
Pricing has climbed steadily on where this project launched
Elan has handed over its past projects on time, consistently
The site is barely out of the ground — most of the execution risk is still ahead of you
Investor fit: value-seeking investors and first-time buyers who prioritise on-time delivery, developer reputation, location.
The part that decides it is locked
Don’t stake ₹11.1–19.2 Cr on a brochure.
Elan The Statement scored 72/100 — “Solid”. The full read shows the 3 red flags we found — all in Legal, and what cost it the other 28 points — and whether that’s a dealbreaker for you.
Free on sign-up — no card. One missed red flag costs a great deal more.
Inside the dossier
Eight chapters · one read
The vitals, floor plans and the developer’s brochure stay free above — this is the analysis. Register, then pay once — no subscription.
Potential saving₹56 L – ₹1.1 Crthe 5–10% our buyers typically settle under the asking price
Set your target for Elan The Statement. Verified brokers, owners & developers send written offers in 2–4 days — you stay anonymous.
Written offersAnonymous₹0 to start
Neutral · on the record · we earn a share only of what we save you.
How buyers win hereon the record
Current asking₹11.10 Cr
Where buyers typically settle₹9.99–10.54 Cr
You keep₹56 L – ₹1.1 Cr
The 5–10% our buyers typically settle under asking. Your Deal Room targets your number — sellers send written offers, you pick the best.
02
Masterplan
The site layout as filed — tap to enlarge. Verify the RERA-approved siteplan before signing.
Indicative layout from project filings — verify the RERA-approved siteplan before signing.
03
The homes
The home as your agreement will measure it. Pick a configuration, then a size offered under it — the plan, the carpet, and what the gap to super area costs you.
Choose a size · 2 options
The layout, measured
Carpet area
2,586 sq ft
Super area
4,285 sq ft
Balcony / deck
420 sq ft
Loading
40%
Carpet efficiency
60%
◆ The efficiency readWatch
60% usable — on the lower side — negotiate on carpet, not super.
Areas from RERA filings & project documents; the price shown is indicative for this configuration, before floor-rise and preferential-location charges. Schematics show indicative zoning only — confirm the exact unit's dimensioned plan and areas in the Agreement to Sell before signing.
Deep intelligence
Sun & Vastu 3D
The 3D layer that decides which home — graded by sun, Vastu, light, ventilation & value.
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04
Brochure & payment plan
Developer documents on file — indicative until countersigned. GST, PLC, IFMS & registration additional as applicable.
Chapter II
Can we trust it?
Five pillars — developer, build, location, paperwork, edge.
05
Truth Score anatomy
Truth Score
72/100
Solid · Top 25%
Five weighted pillars, re-scored quarterly. No developer can pay to move it.
What the 72 is made of= health↔= weightrounded 0.1
The one-line read: 2 of 5 pillars land strong or better, with one to watch — Legal & Compliance. That's the section we'd read before signing.
Live5 verified updates
News & Updates
Every verified ground event on Elan The Statement — filings, construction, JVs, corridor infrastructure and pricing — read for what it means to a buyer.
2 Jul 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.
Elan Group Launches ₹1,600 Crore Ultra-Luxury Housing Project "The Statement" in Sector 49
•Elan Group announced a total project investment outlay of ₹1,600 Crore for the ultra-luxury development spanning ~6 acres under the TOD policy on Sohna Road.
•Phase 1 comprises 5 high-rise towers (G+36 floors) offering 230 large-format 4BHK and 5BHK residences and duplex penthouses (4,285 to 7,270 sq. ft.).
Forensic impact read
Dedicated project equity and low-density planning in prime Sector 49 creates strong product differentiation against older Sohna Road supply.
Elan Group Secures ₹1,200 Crore Institutional Investment from Kotak Real Estate Fund
•Kotak Real Estate Fund (Kotak Alternate Asset Managers) invested ₹1,200 Crore into Elan Group as long-term project and growth capitalization.
•Strengthens group-level balance sheet liquidity across Elan's luxury pipeline in Gurugram, following the complete prepayment of ₹875 Crore debt to PAG.
Forensic impact read
Institutional capital backing provides solvency buffer and ensures uninterrupted construction funding.
MoRTH Formally Inaugurates ₹3,449 Cr Sohna Elevated Highway (NH-248A); Connects Sector 49 to NH-48 in 10 Minutes
•Ministry of Road Transport and Highways (MoRTH) formally inaugurated the 21.65-km Sohna Elevated Highway (NH-248A).
•Provides Sector 49 / Subhash Chowk residents with seamless 6-lane elevated transit to Rajiv Chowk (NH-48), Subhash Chowk underpass, and direct linkage to Delhi–Mumbai Expressway.
Forensic impact read
Grade-separated expressway transit resolves traditional surface congestion bottlenecks on Sohna Road.
Verified news on Elan The Statement, the moment it lands. No spam.
5 dispatches· tap the right of a card to advance, the left to go back · colour follows the report’s own rule — green sound, amber watch, rust risk.
Chapter III
Can this report save you lakhs?
Every weak spot in this file is a number you can argue with. Here is what Elan The Statement's are worth.
06
Negotiate like a king
The weak spots in this report are your argument.
Across the projects we advise on, buyers typically settle 5–10% under the prevailing rate. On a ₹11.1 Cr entry ticket that is ₹56 lakh–₹1.1 Cr. 6 things in Elan The Statement’s own filings can be argued with. A buyer who arrives with a specific number is negotiating. One who asks for the best price is waiting to be told.
Every project hands the buyer different cards. These are Elan The Statement’s — read off its own construction, sales and registry data, not general advice about negotiating.
01
Unsold stock is their problem, not yours
Unsold stock a developer is still carrying is where a sales head's real discretion lives — and this project is holding it. Carrying cost, not goodwill, is what makes the number move.
02
Pay on their pace, not on their calendar
Run ahead of schedule and a developer collects your milestone money sooner than it budgeted — a lever, if you know to pull it. The plan you pick is worth more than the discount you ask for.
03
You are above the corridor, and they know it
Its asking rate sits above the corridor's tracked band. A premium can be earned — but it's one they should have to itemise line by line, brand and spec and floor rise, not one you pay on trust.
3 more levers on this project
Chapter IV
If not Elan The Statement, then what?
The same corridor, the same commute, or the same money somewhere else — weighed side by side.
07
Three ways to compare
The projects we would weigh against Elan The Statement — each with its own forensic read, scored the same way.
Other projects on Sohna Road — the comparison you are actually making.
The questions that decide the purchase — answered from the registry, the site and the corridor.
08
Straight answers
The questions that actually decide the purchase — answered from registry data, live construction and micro-market dynamics.
Is Elan The Statement a good investment?+
On Truth Estate's independent forensic assessment, Elan The Statement scores 72/100 — our composite of the developer's delivery record and financials, construction pace, legal standing and location. A prime-location address and a proven developer, offset by legal gaps. The full buy / wait / avoid verdict, the red flags and the numbers behind the score are in the .
Is Elan The Statement likely to be delivered on time?+
Elan has delivered 1 of 8 tracked Gurugram projects on time — a 87% on-time record, roughly 7.7 months' average slippage. Elan The Statement is RERA-committed for Jun 2033. On our read, its delivery risk is low. The exact construction pace and Truth Estate's execution-adjusted handover forecast are in the .
On Truth Estate's read of Elan's audited annual statements — leverage, interest cover, cash conversion, operating margin and inventory cover — the balance sheet is exceptional. The line-by-line breakdown, and which measure is the weak spot, are in Elan's .
Yes — Elan The Statement is registered with Haryana RERA (HARERA) under registration number RERA-GRG-2069-2025. The registration and its current status can be verified on the official HARERA registry.
When is Elan The Statement due for possession?+
The RERA-committed possession date for Elan The Statement is Jun 2033. Truth Estate's execution-adjusted delivery forecast — read from the latest quarterly construction progress — is in the .
What is the latest construction update and contractor for Elan The Statement?+
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. Verified under The Times of India (TOI/ART/131470826).
What return could Elan The Statement realistically deliver?+
Built up from the Gurgaon market rate — India 9% + Gurgaon 0.5% — and adjusted for Elan The Statement's Truth Score, our 10-year model projects about 8.7% a year if it delivers on our forecast, and ~8.7% once the cost of its predicted delay is priced in. A modelled estimate — not a guarantee.
Is Elan The Statement fairly priced?+
A prime-location address and a proven developer, offset by legal gaps. Whether it's fairly priced for this address — our pricing & value call, and where it sits against the corridor benchmark — is in the .
09
Buying from abroad? The NRI notes
Can you buy it from abroad?
Yes — Elan The Statement is residential property, which NRIs and OCI cardholders can buy freely under FEMA, with no RBI approval and no limit on count. Who can buy what →
Funding & repatriation
Pay only through banking channels — NRE, NRO or FCNR funds, or inward remittance; NRI home loans are available from Indian lenders. At Elan The Statement’s ≈ $1.16M–2.01M entry ticket (indicative FX, Aug 2026), which account funds the purchase decides how freely the money comes back out later — plan it before booking. The repatriation rules →
TDS on this purchase
Buying primary from the developer above ₹50 lakh, you deduct 1% TDS on each payment (Section 194-IA). Buying a resale unit here from an NRI seller switches the deduction to Section 195 — a much bigger number, and the liability sits with you. TDS, done right →
Buying without flying
Registration can complete through a consular-attested Power of Attorney, with accompanied live-video site visits before you decide — and every offer on the record. How the NRI Desk runs it →
The risk that hurts most from abroad
Delivery. Most of Gurugram’s tracked new launches are running late on our audit — chasing a builder from another time zone is the expensive way to find out. Elan The Statement’s own delivery read is inside this report. The Gurugram Delivery Audit →
General information for overseas buyers, not legal or tax advice — rules change; confirm your situation with a cross-border CA. The NRI Desk structures exactly this, end to end.
The Independent Desk
Gaurav Jain
Founder, Truth Estate
I’ve read this file. Unlock what I found.
The full 5-pillar forensic audit
Price journey & 10-year ROI model
The verdict — our call for your budget
A 1:1 call with the founderincluded
Considering Elan The Statement?
Get an independent read — the right price, the right stack, the honest risks — before you commit.
◆ We represent only you — never the developer.
Independent assessment by Truth Estate. No developer can pay for a higher Truth Score or to appear here. The Truth Score, Match Score and any recommendation are our own evidence-based opinions as of 27 Aug 2026 — not a guarantee of performance, safety, appreciation or returns, and not investment, legal or financial advice. Ticket and price bands, ROI projections and delivery estimates are tracked or modelled figures that vary by tower, floor and stack. The decision, and its risks, are yours; we are not liable for the performance of any project. Verify specifics independently and see our full disclaimer.
