In order to develop a mixed-use project in Gurugram on the outskirts of the national capita, Elan Group has recently tied up with PVR Cinemas to build structure on 7 acres of land with mixed use space comprising 1.5 million sq.ft of built up area that worth Rs.550 crore. As a matter of fact, it will be developing 7 lakh sq.ft of retail area as well as over 500 flats and service apartments in the project, Director Ravish Kapoor said in a media statement. About the project cost, he further added that the company will invest funds from internal accruals. The construction of the project will begin shortly and it is slated to be completed by 2020. Besides this project, Elan is currently constructing two commercial projects in Gurugram comprising developable area worth 8 lakh sq.ft.
📅Published on:
20 May 2017
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