Elan Group Secures Rs 1,200 Crore Funding for Realty Expansion

Elan Group has raised Rs 1,200 crore from Kotak Real Estate Fund to support its growth and expansion in Gurugram's market. This investment will fast-track ongoing projects and initiate new developments, enhancing their real estate portfolio. The company recently awarded contracts for luxury projects.

Elan Group, a prominent player in the real estate industry, has successfully secured a substantial investment of Rs 1,200 crore from the Kotak Real Estate Fund. This capital infusion will serve as a growth catalyst, fortifying the company's presence in Gurugram's flourishing real estate sector.

"With this financial boost, we are positioned to expand our footprint and elevate the quality of our projects," Akash Kapoor, Elan Group's Director, remarked. The additional funds will expedite current projects and support innovative developments.

Recently, Elan Group commissioned Leighton Asia for the construction of luxury projects, marking a significant stride in its expansion strategy. The company's expansive portfolio covers 25 million square feet across housing, retail, office, and hospitality sectors in Gurugram and New Delhi.

(With inputs from agencies.)