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

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