Elan Group Raises Rs 1,200 Crore From Kotak Real Estate Fund For Expansion

Realty firm Elan Group has really elevated Rs 1,200 crore from Kotak Real Estate Fund for its improvement and progress.

The fund will definitely be used as improvement funding, permitting the enterprise to extra reinforce its visibility in Gurugram’s prime property market.

In a declaration on Tuesday, Elan Group said it has “secured an investment of Rs 1,200 crore from Kotak Real Estate Fund”.

“This investment marks a pivotal moment in our growth journey, enabling us to strengthen our footprint in Gurugram’s real estate market. With this financial boost, we will continue to build on our success and deliver exceptional real estate experiences,” Akash Kapoor, Director of Elan Group, said.

Sandeep Agarwal, CFO of Elan Group, said that this calculated monetary funding enhances the enterprise’s dedication to provide first-rate home, enterprise and friendliness jobs.

“With this financial backing, we are well-positioned to fast-track our ongoing projects and embark on new and innovative developments that will further elevate the quality and scale of our offerings. The infusion of capital will allow us to push the boundaries of design and construction, ensuring that our projects not only meet but exceed the expectations of our customers,” Agarwal included.

Vikas Chimakurthy, CHIEF EXECUTIVE OFFICER of Kotak Real Estate Fund, said the enterprise has really partnered with Elan Group, a agency that has really proven exceptional improvement and market risk.

Recently, Elan Group granted 2 constructing and development agreements value relating to Rs 2,000 crore to Leighton Asia for the constructing and development of its deluxe home job, Elan The Presidential in Sector 106, Dwarka Expressway, and its brand-new deluxe enterprise job, Elan Imperial in Sector 82, Gurugram.

Elan Group’s profile accommodates 15 jobs in the true property, retail, office and friendliness sections. These jobs unfold out all through Gurugram and New Delhi, supplying an amassed location of relating to 25 million sq. ft.

(This story has really not been modified by New s18 personnel and is launched from a syndicated data firm feed – PTI)