Review : Investment in Elan Mercado, Sector 80, Gurugram, Loss or Profit

Review

CPR Ratings

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…

 

Elan Mercado, review, ratings, feedback,investment,advice, sector 80, gurgaon

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

 

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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

  Elan construction,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

Investors Vote
[Total: 4 Average: 3.8]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

1 Comment

  1. What about the occupational certificate. status of this project

    Reply

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