Elan Group Awards ₹840 Crore Contract to Tata Projects for Gurugram Luxury Project

• Elan Group has awarded an ₹840 crore construction contract to Tata Projects for its ultra-luxury residential development, Elan The Statement, in Sector 49, Gurugram.
• The partnership aims to boost buyer confidence by ensuring execution certainty, high construction quality, and timely delivery, addressing past concerns in the NCR market.
• Elan The Statement is a ₹1,600 crore project spread across nearly six acres, offering ultra-spacious residences ranging from 4,285 sq ft to 7,270 sq ft.
• The project, designed by Benoy, features a unique metal-and-glass façade and emphasizes privacy with two units per core and private lift lobbies.
• Industry experts believe this collaboration will minimize execution risk, enhance asset value, and set new benchmarks for quality-led development in Gurugram's luxury housing market.

Why It Matters: Elan Group's ₹840 crore contract to Tata Projects for a Gurugram luxury project boosts buyer confidence and quality.