Elan group buys 7 acres in Gurgaon from Suncity for Rs 120 cr – Feedback

Realty firm Elan group has bought 7 acres of land in Gurgaon from Essel group’s Suncity Projects for about Rs 120 crore to develop a commercial project.

The company will invest another about Rs 400 crore on construction of this mixed-use commercial project comprising a total developable area of 1.3 million sq ft. “We have purchased 7 acres of licensed land from Suncity projects on Dwarka Expressway for about Rs 120 crore,” Elan Ltd Director Ravish Kapoor . The company is planning to launch this project in October, its another director Akash Kapoor said. The project will have 2 lakh sq ft of office space, 7 lakh sq ft of retail and multiplex, a hotel of about 200 rooms and 350 service apartments, he added.

http://www.business-standard.com/article/pti-stories/elan-group-buys-7-acres-in-gurgaon-from-suncity-for-rs-120-cr-116071800708_1.html

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