As per Location
Elan Mercado is situated in the Sector 80 Gurgaon. The project is at the front of NH-8. Elan Mercado is properly visible and walkable. The project has a wide frontage.
Elan Mercado is properly connected to multiple public transportation facilities and other civic facilities. Overall, Elan Mercado is a good location project.
Possession | Construction Update
Construction Status | Ready, CC Applied |
RERA Registration No | Elan Mercado- 189 OF 2017 |
Start/Launch Date | July-2013 |
Construction Company | Elan Limited |
Land Area | 3 Acre |
Fact Check
Sector 80, Gurgaon is a low-density population area. The low density is good for the living but not for commercial property investment. There are more than 3-mega commercial projects in sector 80, Gurugram such as Legend Heights, Elan Mercado, and the Baani Centre Point.
The Elan Mercado is one of the finest layout design commercial property in sector 80 Noida. All the ground floor retail shops are a good investment option. The project has a wide frontage towards the NH-8 and having eye-catching visibility
The Elan Mercade is properly connected with multiple public transportation facilities and other civic facilities. The project has a proper parking space for visiting guests and stakeholders.
MORE UPDATING SOON…
Commercial Real Estate Project Investment Criteria Table
MUST REQUIRED FACTORS | ACTUAL FACTS-ELAN MERCADO | GRADING |
Urban Rich Gentry | Middle Class. Low-Density, Godrej Frontier. | C |
Connectivity | Nearest Metro Station 40-Minutes (Huda City Center) International Airport-29.7-Km (IGI Airport |
B |
Layout Design | impressive | A |
Multiple Entries | Yes | A |
Visibility | Good | B |
High-Density population | Low Density. | C |
Youthful Footfall | Yes | A |
Public Security | Police Station -15-Minute Fire Station 15-Minute |
A |
Industrial Area | within 3-Km | A |
Urban/Civic Facilities | Maximum facilities available | B |
Developers Credibility | Quality construction & maintenance | A |
Price Comparison | Competitive price | A |
Competitors | A few competitors within a radius of 500-Meter | B |
Expected ROI | The Investment is good for actual regular rental income | A |
Elan Mercado Price Comparison With Other surrounding Commercial Projects Of Sector 80, Gurgaon
PROJECT NAME | PRICE (PSF) | REMARKS |
Elan Mercado | Retail-9,000-16,000 Studio- |
Ready, impressive layout design |
Baani Centre Point | 7,000-15,000 | Occupied, impressive layout design |
Legend Heights | Retail-12,000-15,000 Office-6,000 |
Ready |
Products & Developer
Elan Mercado project is developed by Elan Limited. The project consists of centralizes air-condition retail shops, Food Courts, Luxury Serviced Apartments, Multiplex, and Entertainment facilities, etc. It’s a centralized air condition Mall type property.
Builders Profile | Track Record
PREDECESSOR | Elan Limited |
FOUNDED | 2013 |
FOUNDERS | Rakesh Kapoor |
KEY PEOPLE | Ravish Kapoor, Akash Kapoor |
COMPANY | PROMOTERS | Elan |
PRODUCTS | Commercial Offices, Shopping Malls, Retail, Hotel, Lesure & Hospitality |
AREA SERVED | Delhi, Gurgaon |
PROJECTS COMPLETED | Elan Mercado |
PROJECTS ONGOING | Elan Town Centre, Elan Miracle, Elan Epic |
DELIVERY TRACK RECORD | Average |
NET WORTH | |
STRENGTH | |
COMMITMENT | Quality construction & after possession maintenance |
RISK | Average |
DEBT | Updating soon |
LITIGATION | |
OFFICE ADDRESS | Golf View Corporate Tower, 3rd Floor Golf Course Road, Sector 42, Gurgaon, Haryana 122001. Phone: +91 124 410 1100 |
BUILDER CATEGORY | SILVER |
Also Read : Review: Investment in Elan Miracle, Dwarka Expressway, Gurugram, Loss or Profit
Price | Lease Price
Elan Mercado retail shops, studio apartments, serviced apartments are available for sale and resale price at approx:-
CATEGORY | SIZE (Sq Ft) | PRICE |
Retail Shops | 150-800 | 8000-15,000 PSF |
Studio Apartments | 700-1000 | 55/- Lakh to 01/- Cr |
The price is reasonable if the builder completes the revised time frame.
Conclusion
The Serviced Apartments of Elan Mercado can be a good investment option if they are pre-leased to any reputed hospitality brand. All the front-facing retail shops are good for retail business startups and branded stores.
CPR Ratings
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH
Rajnish GAKHAR
What about the occupational certificate. status of this project