Real estate developer Elan Group has announced an investment of Rs 1,600 crore to develop a new luxury residential project in Gurugram, driven by sustained demand for premium housing in the region.

The company has launched a six-acre luxury housing project named “Elan The Statement” in Sector 49, Gurugram. The project will comprise 230 high-end residential apartments designed to cater to affluent homebuyers seeking premium living spaces with modern amenities. According to the company, the entire development will be executed with an estimated investment of around Rs 1,600 crore.

Commenting on the launch, Vineet Dawar, President – Sales and Strategy, Elan Group, said that Gurugram has witnessed strong and consistent demand for luxury homes over the past several years. He noted that improved infrastructure, connectivity, and lifestyle preferences have made the city one of the most sought-after real estate markets in the National Capital Region (NCR).

Earlier this year, in February, Elan Group had announced plans to invest nearly Rs 3,000 crore in another ultra-luxury residential project along the Dwarka Expressway in Gurugram.