If you have been shortlisting luxury apartments or high-street retail in Gurugram over the past two years, Elan Group has almost certainly landed on your list. The developer has gone from a commercial-retail specialist to one of the most aggressive launchers of premium residential projects in the city, with marketing that promises Dubai-grade amenities at Golf Course Extension Road and Dwarka Expressway addresses. But aggressive launches and glossy brochures are not the same as a proven delivery record — and for a builder this young in the residential space, the gap between promise and possession is exactly where buyers get hurt. This independent review breaks down Elan Group's RERA registrations, delivery history, financial backing, pricing, and the specific due-diligence checks you should run before parting with a booking amount.
Last updated: June 30, 2026
Who is Elan Group and what does it build in Gurugram?
Elan Group is a Gurugram-based real estate developer founded in 2014 that initially built its reputation on high-street commercial and retail projects before expanding into luxury residential development around 2022. The company is promoted by Rakesh Kapoor (Chairman) and Akash Kapoor (CEO), and its portfolio is concentrated almost entirely within Gurugram rather than spread across multiple cities — a deliberate strategy that the group markets as "deep local focus."
In its first phase, Elan delivered a string of commercial and retail-led developments — Elan Mercado (Sector 80), Elan Town Centre (Sector 67), Elan Miracle (Sector 84), and Elan Epic (Sector 70) — that established the brand among investors looking for retail and office assets. From 2022 onward, the group pivoted hard into ultra-luxury residential, headlined by Elan The Presidential (Sector 106, Dwarka Expressway) and Elan The Emperor (Sector 80), with reported project values running into thousands of crores.
Elan Group transitioned from a commercial-retail developer into luxury residential development only around 2022, which means most of its high-end apartment projects in Gurugram are still under construction with possession dates in 2027 and beyond as of mid-2026.
That timeline is the single most important fact for a residential buyer to internalise. Elan has a real, visible delivery record in commercial real estate, but its residential delivery track record is still being written. If you are buying an apartment, you are betting on execution the company has not yet fully demonstrated at scale.
Is Elan Group a RERA-registered and reliable builder?
Elan's projects are registered with the Haryana Real Estate Regulatory Authority (HRERA, Gurugram bench), and RERA registration is the baseline legal requirement — not a quality guarantee — for any project sold in Haryana. Every genuine Elan project should carry an HRERA registration number that you can verify on the official portal at haryanarera.gov.in.
Reliability, however, is judged on more than registration. Based on publicly available information as of mid-2026, here is how Elan stacks up on the factors that actually predict whether you will get possession on time:
- Commercial delivery: Strong. Multiple retail and commercial projects (Mercado, Town Centre, Miracle) are operational and occupied, which is a genuine credibility marker.
- Residential delivery: Unproven at scale. The flagship luxury residential projects are still under construction with possession largely targeted for 2027–2028.
- Sales velocity: Very high. Elan The Presidential reportedly clocked sales bookings worth over ₹3,000 crore within a short window of launch — strong demand, but demand also raises execution pressure.
- Financial backing: Elan has raised significant debt and structured funding from institutional lenders to fund its residential pivot, which is normal for a developer scaling fast but means you should track its construction-finance and debt position.
Elan Group has a proven delivery record in commercial and retail real estate in Gurugram, but its luxury residential projects are mostly under construction as of 2026 with no large-scale residential possessions delivered yet.
The honest verdict: Elan is a credible, well-marketed developer with real commercial assets on the ground, but anyone buying its residential product is an early-stage buyer taking on construction and timeline risk. That is not a reason to avoid the builder — it is a reason to do deeper due diligence than you would with a developer that has handed over thousands of occupied flats. For a framework on how to evaluate any builder, see our guide on things to check before buying property in Gurugram.
How much do Elan Group properties cost in Gurugram in 2026?
Elan positions itself squarely in the luxury and ultra-luxury segment, and its pricing reflects that. The numbers below are indicative ranges compiled from listing-portal data and market sources as of mid-2026; always confirm the current price sheet and applicable charges directly before booking.
- Elan The Presidential (Sector 106, Dwarka Expressway): Approximately ₹16,500–₹22,000 per sq ft, with 3 and 4 BHK luxury units. Ticket sizes commonly range from ₹5.5 crore to over ₹12 crore depending on size and floor (Source: 99acres / Magicbricks listing data, mid-2026).
- Elan The Emperor (Sector 80): Ultra-luxury low-density configuration positioned above ₹20,000 per sq ft, with ticket sizes running well into double-digit crores.
- Commercial / retail assets (Mercado, Miracle, Town Centre): Retail shop and office pricing varies widely by floor and frontage, historically ranging from roughly ₹15,000 to ₹40,000+ per sq ft for prime retail frontage.
As of mid-2026, Elan The Presidential on Dwarka Expressway is priced in the range of ₹16,500–₹22,000 per square foot, placing it firmly in Gurugram's ultra-luxury residential bracket.
For context on the corridor itself, Dwarka Expressway has seen some of the sharpest appreciation in Gurugram, which is part of why Elan chose it for its flagship. Our Dwarka Expressway property investment analysis breaks down the corridor's price trajectory, and our comparison of Golf Course Extension Road vs SPR covers the other micro-markets where Elan and its peers compete.
A critical pricing note: the per-sq-ft headline is never the final cost. On luxury projects you must add GST on under-construction units, EDC/IDC charges, IFMS, club membership, PLC (preferential location charges), and parking — these can add 12–18% to the headline price. Read our breakdown of hidden charges when buying a flat in Gurgaon and EDC/IDC charges explained so you can model the all-in cost rather than the brochure number.
What are the risks of buying an Elan residential project in 2026?
The risks with Elan are not unique to the brand — they are the standard risks of buying an under-construction luxury project from a developer with a short residential track record, amplified by the large ticket sizes involved. Here are the specific ones to weigh:
1. Possession timeline risk. With flagship residential projects targeting 2027–2028 possession, you are committing capital years ahead of handover. Delayed possession is the single most common complaint across Gurugram developers — our analysis of delayed possession in Gurugram projects shows that even reputed names have slipped 18–36 months past committed dates. Always check the RERA-registered possession date (the legally binding one), not the brochure or sales-team verbal commitment.
2. Construction-linked vs subvention payment plans. Luxury launches are often sold on attractive payment plans. Avoid plans that front-load payment regardless of construction progress, and be especially cautious of subvention or "no EMI till possession" structures — read why in our piece on subvention scheme risks in Gurugram.
3. Brochure vs builder-buyer agreement gap. Glossy amenities (sky decks, branded interiors, concierge services) are marketing until they appear in the registered builder-buyer agreement with a delivery obligation. Our guide to builder-buyer agreement red flags explains the clauses that quietly shift risk onto buyers.
4. Investor-heavy demand. Very high early sales velocity often means a significant share of investor (not end-user) buyers. In luxury micro-markets, a large investor cohort can lead to resale inventory pressure around possession, which can soften secondary-market prices exactly when you might want to exit.
5. Title and land-aggregation checks. For any large Gurugram project, verify the land title chain, licence (DTCP/TCP licence number), and that the project land is free of litigation or agricultural-conversion issues. See our guides to property litigation and title disputes in Gurugram and resale property scams in Gurugram.
The biggest risk in buying an Elan luxury residential project in 2026 is possession-timeline risk, because the flagship projects are under construction with handover targeted for 2027 onward and large amounts of buyer capital committed years before delivery.
How does Elan Group compare to other Gurugram builders?
Elan competes in the premium and luxury segment against developers with longer or more established residential track records. Here is how to think about the comparison:
- Versus DLF and Emaar: Both DLF and Emaar have delivered thousands of occupied residential units in Gurugram over decades. Elan does not yet have that depth in residential. See our reviews of DLF builder reliability and Emaar India reliability.
- Versus M3M and Signature Global: M3M is Elan's closest peer in terms of aggressive luxury launches and marketing intensity; both are relatively younger residential players that scaled fast. Compare with our M3M builder analysis and Signature Global review.
- Versus Sobha and Godrej: These are pan-India brands with strong construction-quality reputations. Elan markets comparable luxury positioning but with a Gurugram-only, commercial-rooted history. See our Sobha Limited review and Godrej Properties review.
The takeaway: Elan's marketing positions it alongside the most premium brands in the city, but on the one metric that matters most — proven residential possessions delivered — it is still in catch-up mode. Pay for the product and location on its merits, not on the assumption that the brand carries the same delivery certainty as a multi-decade developer.
What should you verify before booking an Elan property?
Before you transfer any booking amount to Elan or any Gurugram builder, run this checklist:
- HRERA registration: Confirm the specific project's registration number on haryanarera.gov.in and check the registered possession date. Our guide on how to check RERA status in Haryana walks through it step by step.
- DTCP licence: Verify the project holds a valid DTCP/TCP licence and that the licence covers the exact land parcel being sold.
- Title chain and litigation: Order a title search and check for encumbrances or pending litigation on the land.
- Builder-buyer agreement: Read every clause on possession, penalty for delay, force majeure, and amenity obligations — before paying, not after.
- All-in cost modelling: Add GST, EDC/IDC, IFMS, PLC, club and parking charges to the headline price.
- Construction progress: Physically inspect (or get geotagged photos of) the actual construction stage against the claimed timeline.
- Payment plan structure: Prefer construction-linked plans; scrutinise any subvention or front-loaded structure.
A PropReport due-diligence report compiles RERA status, licence verification, litigation checks, and builder track record into one document so you are not relying on a sales executive's word. Search your property on PropReport to run a full check before you book.
Frequently Asked Questions
Is Elan Group a reliable builder in Gurugram?
Elan Group has a proven and reliable delivery record in commercial and retail real estate in Gurugram, with several operational projects such as Elan Mercado, Elan Miracle, and Elan Town Centre. However, its luxury residential projects are mostly under construction as of 2026, so its residential delivery track record is still unproven at scale. Buyers of its apartments should treat it as an early-stage residential developer and do extra due diligence on possession timelines.
How much does an Elan apartment cost in Gurugram in 2026?
As of mid-2026, Elan The Presidential on Dwarka Expressway (Sector 106) is priced in the range of approximately ₹16,500–₹22,000 per square foot, with 3 and 4 BHK ticket sizes commonly ranging from ₹5.5 crore to over ₹12 crore. The ultra-luxury Elan The Emperor in Sector 80 is positioned even higher. All headline prices exclude GST, EDC/IDC, and other charges that can add 12–18% to the final cost.
Is Elan The Presidential a good investment?
Elan The Presidential is located on the high-appreciation Dwarka Expressway corridor and reported strong early sales, which signals demand. However, as an under-construction ultra-luxury project with possession targeted for 2027 onward, it carries possession-timeline risk and potential resale pressure from a possibly investor-heavy buyer base. It can suit buyers comfortable with luxury-segment risk and a multi-year horizon, but it is not a low-risk, ready-to-move investment.
Are Elan Group projects RERA registered?
Yes, genuine Elan Group projects are registered with the Haryana Real Estate Regulatory Authority (HRERA, Gurugram bench), and each project has a registration number that buyers can verify on the official portal at haryanarera.gov.in. RERA registration is a legal requirement for selling in Haryana but is a baseline check, not a guarantee of construction quality or on-time delivery.
What is the main risk of buying an Elan residential property?
The main risk is possession-timeline risk. Elan's flagship luxury residential projects are under construction as of 2026 with handover targeted for 2027 and beyond, meaning buyers commit large amounts of capital years before delivery. Buyers should verify the RERA-registered possession date, the builder-buyer agreement's delay-penalty clause, and current construction progress before booking.
Buying an Elan property — or any Gurugram project — is a multi-crore decision that deserves more than a brochure and a sales pitch. A PropReport due-diligence report verifies RERA status, DTCP licence, title chain, litigation history, and builder track record in one place. Get a full report on PropReport before you book, or check if your rent is fair if you're renting in a Gurugram project.
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