Tag: Elan Group

IndustryLatest Stories

Elan Group Repays ₹875 Crore to Asia Pragati Early

Representative image created by AI NEW DELHI: The Elan Group has completed an early repayment of its ₹875 crore loan from Asia Pragati Strategic Investment Fund, a division of PAG. The investment, made in 2022, was allocated towards growth capital for the company. This move to reduce debt is anticipated to decrease interest obligations, enhance liquidity, and provide opportunities for future project investment and land acquisitions. The Elan Group’s portfolio includes 15 projects across Gurugram and New Delhi, totaling around 25 million sq ft in built-up area. Published On Jul 25, 2025 at 04:00 PM IST Join over 2M industry…

IndustryLatest Stories

Elan Group Secures ₹250 Crore from Piramal Finance

Gurgaon-based developer Elan Group has secured ₹250 crore from Piramal Finance for a commercial project in the city, as reported by sources familiar with the matter. This financing follows a ₹1,200 crore funding from Kotak Real Estate Fund last year, and the company aims to expedite its projects in the area. In 2022, Elan Group raised $110 million (approximately ₹900 crore) from global alternative investment firm PAG. “The funding is designated for a commercial project covering one million sq ft in Gurgaon,” stated one of the sources. Elan Group opted not to comment, and transaction advisor CBRE was unavailable for…