Elan Group Secures ₹1200 Crore Investment from Kotak Real Estate Fund to Expand in Gurugram

 In a significant financial move, the Elan Group has secured an investment of ₹1200 crore from Kotak Real Estate Fund. This capital infusion is set to enhance Elan's presence in Gurugram’s thriving real estate market, supporting the company’s expanding portfolio of commercial and residential developments.

The Gurugram-based developer views this investment as a pivotal moment in its growth strategy. Commenting on the deal, Akash Kapoor, Director of Elan Group, expressed enthusiasm about partnering with Kotak Real Estate Fund. "We are thrilled to collaborate with Kotak Real Estate Fund, which shares our vision for innovation and excellence in real estate. This funding is a milestone for us, empowering us to solidify our position in Gurugram and continue delivering outstanding real estate experiences."

A stunning, futuristic entrance with illuminated canopies in a modern urban setting.
A stunning, futuristic entrance with illuminated canopies in a modern urban setting.

Sandeep Agarwal, CFO of Elan Group, emphasized how this strategic investment will accelerate the company’s ongoing projects and drive new initiatives. “This financial support positions us to fast-track our projects and launch innovative developments that raise the standard of our offerings. With this capital, we can push the boundaries of design and construction, ensuring our projects exceed customer expectations."

Vikas Chimakurthy, CEO of Kotak Real Estate Fund, shared his excitement about the partnership, stating, “We are delighted to collaborate with Elan Group, a company that has shown remarkable growth and potential in the market."

Kotak Real Estate Fund, part of Kotak Alternate Asset Managers (Kotak Alts), is a leading real estate fund in India. Since its launch in 2005, the fund has raised over $3.5 billion across various real estate asset classes, including residential, office, retail, hospitality, and warehousing, making it a major player in the country’s alternate assets industry.

With this growth capital, Elan Group is poised to further expand its footprint in Gurugram and continue its success in delivering top-tier real estate projects.

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