Review : Investment in Elan Epic, Sector 70, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The Elan Epic (retail shops, Food Courts, Serviced Apartment) is situated in the sector-70 Gurgaon. The project has wide frontage. It’s a 2-side open corner property. This project is very close to Southern Peripheral Road. The project has a wide frontage and properly visible and walkable to sector-70, Gurugram residents.

The sector-70 is a high-density population area. There are more than 20-thousand flats and more than 50-thousand residents, and that is a very good sign for commercial property investment.

The IGI  airport is just 30-minutes away from sector-70, Gurgaon. The Elan Epic is properly connected with the Metro route and NH-8 Highway. The Elan Epic is in the center of several posh residential group housing societies.

The Elan Epic is very well connected with NH-8 and other main points of Gurgaon. Major hotels & Hospitals are in close proximity. Prominent institutions in the closest proximity such as  DPS, Indus World School, Kunskapsskolan school, etc.

The Elan Epic, sector-70 is very well connected to multiple public transportation facilities and other civic facilities. So can say that the Elan Epic is an excellent location project.

Possession | Construction Update

Construction Status Under Construction
Launch/Start Date November-2018
RERA Registration No Elan Epic- GGM/30/2018
Possession Date According to Several Real Estate Portals December-2022
RERA Possession Date December-2023
Construction Stage Primary
Construction Company
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion extended for 6 months for all projects expiring on or after 25.03.2020 by the Government 

 

Advantages | Good Factors
There are several big residential ready to move and under-construction projects in sector-70 Gurgaon such as Tulip White, Tulip Orange, Tulip Ivory, Tulip Violet, Tulip Purple, Tulip Lemon, GPL Eden Heights, BPTP Astaire Garden, Unitech Vistas, Radiant Pragati Heights, Krrish Florence Estate, Unitech South Park, Lord Krishna m3M Premium, GPL New Luxurious Tower, Unitech IVY Terraces, Unitech Crestview apartments, Unitech Anthea Floors, GPL Mint Towers etc are in close vicinity of Elan Epic. which is a very good sign of investment in this project.

Sector-70, Gurgaon is a high-density population area. There is a huge urban rich residential population surrounding Elan Epic commercial project. There are more than 20 thousand flats and an urban rich residential population of more than 50 thousand peoples in this area. which is also a very good sign for commercial property investment in i.e. ELAN EPIC.

The commercial project which will give possession first in this location of sector 70 Gurgaon can give better returns in compression of other commercial projects of this location. But the Elan Epic does not meet this criterion because the project is in primary stage construction. Our Investments better growth depends on the possession first. Because of at present there are no any big ready to move Mega commercial project/ property available in this location of sector-70. So we advice choose the advance stage construction commercial project for investment in the sector- 70 Gurgaon.

Elan Epic Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Sector 70 Gurgaon

PROJECT NAME PRICE (PSF) POSSESSION/RECORD
Elan Epic 19,750-21,750 December-2022, Maybe delay
Reach 3 Roads 9,000-15,000 On-time
Tapasya 70 Grandwalk 7,250-13,500 On-time

 

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-ELAN EPIC GRADING
Urban Rich Gentry Upper Middle Class, Middle Class. Within Walking distance, Tulip, GPL, BPTP, Unitech, Radiant, M3M, etc A
Prime Location GOLD A
Connectivity Nearest Metro Station 25-Minutes (Huda City Center)
International Airport-28.4Km (IGI Airport
A
Layout Design Excellent, Grand ceiling heights, full of vigor and vitality, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space A
Multiple Entries Yes A
Visibility Highly visible, corner property, very wide frontage A
High-Density population Within a radius of 500-meter more than 20-Thousand Flats and 50-Thousand urban rich people and can denser more in upcoming years. A
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 A
Price Comparison Competitive price A
Competitors A few competitors within a radius of 500-Meter B
Expected ROI 6% to 7% Annually A

 

Drawbacks | Bad Factors
There are more than 3 mega commercial projects in sector-70, Gurugram such as Tapasya 70 Grandwalk, Spaze Forum, Reach 3 Roads, etc. And the Tapasya-70 Grandwalk & Spaze Forum is nearing the possession. Actually, the commercial projects which will give possession first in sector-70 Gurgaon may give the best returns.

If construction/possession of the Elan Epic is completed before the Tapasya 70 Grandwalk, Spaze Forum, Reach 3 Roads than this commercial project will give excellent returns to investors. Because at present there is no ready to move mega Mall/commercial project in the sector 70 Gurgaon to cater to business, shopping and entertainment needs for the residents of the sector-70 Gurgaon. But to see the present construction situation, it hardly possible.

These days Developer of Elan Epic, offering several attractive schemes to customers to invest in this property, like the 12% assured return, lease guaranty, and other greedy payment plans.

ALSO READ: How to Double Your Money by Investing in Commercial Real Estate

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss.

Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest carefully.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard earned money in the name of the assured return & monthly rent to you in the form of EMI. Actually, they are making you fool.

The construction and possession of this project depend on the sale of shops/space so the project may be the delay.

Advice
The Elan Epic is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in a year.

If anyone wants to invest in this location of sector-70 Gurugram commercial projects, prefer advance stage construction projects or ready to move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under construction commercial projects of sector-70 Gurugram completely. 

Investment Tips 
 Before investing in commercial real estate, it is better to decide why you are investing. 
Actually, there are two types of investors, the first one who buys retail shops or office space for self-use and the second one who bought it for pure rental income and sell when getting some appreciation. 

So if you are buying it for your self-use, you can buy any size according to your uses, but if you are buying it for pure rental or appreciation income, then go for virtual space or buy at least minimum 1000 sq ft carpet area, because if you buy a small shop or office space for rental income you hardly get any brand to lesae out your space. 

The brands or multinational companies want the bigger space for their operations. And there are several must require things such as dedicated bigger parking spaces, negotiations in CAM charges, specific signage, dedicated power backup, bigger space in a single floor plate, and several must require NOCs, which are very difficult to arrange by a small or individual investor. 

So that, before investing in any commercial project, talk to the developer, that you won't buy it for self-use, but for pure rental income, and handover/responsible it for the developer to lease out.

Otherwise, you won't get your expected appreciation or may get delayed appreciation or loss.

Products & Developer
Elan Epic project is under development by Elan Limited. This project consists of centralizes air-condition retail shops, Food Courts, Luxury Serviced Apartments, 10-Screen Multiplex, and Entertainment facilities, etc.

Builder 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 delay possession
DEBT Updating soon
LITIGATION  Updating soon
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 Epic retail shops, serviced apartments price start at approx:-

FLOOR SIZE (Sq Ft) PRICE (PSF)
Lower Ground 600 19,750-21,750
Ground Floor 500 19,750-21,750
First Floor 400 13,750
2Nd Floor (Food Court) 500 14,250

 

Conclusion
For investment, prefer advance stage construction project at this location.

CPR Ratings

Investors Vote
[Total: 9 Average: 3.3]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

36 Comments

  1. I have invested here but on first floor.Any one here who invested

    Reply
    • Hi Amit even I have invested in epic on ground floor, but the company is more interested in organising events but very lazy about construction and handing over documents on time.

      Reply
      • Mine is on 1st floor, 58 number

        Reply
      • What is your unit no Rahul?

        Reply
  2. I put my money based upon the concept of this project.. any body have any feedback of this project

    Reply
    • Elan is not a good group. They have lot of frauds in past also. That is why they are offering lot of scheme of gold, assured return (which is illegal). Their chanel partners are not fare and offering Froud schemes. Better take your money out.

      Reply
      • Thanks, Buddy. What fraud they have done Ankit? M3M also offer a similar scheme, please share their fraud also? Before I think… You can add me your group

        Reply
        • Hi Ankit what kind of fraud, please share and as far as m3m is concern their CRM team is quite professional , actually there is no comparison of both the company’s , elan management is very unprofessional ,when you see their track record of construction is not impressive at all , marcado was launched in 2013 n still not ready yet , the the worst channel partner with this company ia urban plus , trust me “Ritesh” in urban plus is the most clever n tricky guy ,

          Reply
    • Nice project amit, location is too good for commercial property, SPR road is bigger then MG road in 3, 4 Years.

      Reply
      • Any one know any construction update?

        Reply
  3. Hi Ankit what kind of fraud, please share and as far as m3m is concern their CRM team is quite professional , actually there is no comparison of both the company’s , elan management is very unprofessional ,when you see their track record of construction is not impressive at all , marcado was launched in 2013 n still not ready yet , the the worst channel partner with this company ia urban plus , trust me “Ritesh” in urban plus is the most clever n tricky guy ,

    Reply
    • I have invested in this project. i feel the project is really good and has a unique concept. as far as builder goes, i dont see any assured return cheques failing.
      i bought grond floor unit no. 12 from urbanplus, i have good a good deal and professional advise from the company.

      Reply
    • I have invested in this project. i feel the project is really good and has a unique concept. as far as builder goes, i dont see any assured return cheques failing.
      i bought grond floor unit no. 12 from urbanplus, i have good a good deal and professional advise from the company.

      Reply
  4. I am planning to invest in Elan. Any suggestions? I went to the site but no development. Can someone drop a mail amarjeetsgh4@gmail

    Reply
  5. I have invested in this project. i feel the project is really good and has a unique concept. as far as builder goes, i dont see any assured return cheques failing.
    i bought grond floor unit no. 12 from urbanplus, i have good a good deal and professional advise from the company.

    Reply
    • Prashant Can you share your number ?

      Reply
  6. I invested in the property after visiting and evaluating multiple properties across Gurgaon. This is the best option which is located in the middle of densely populated area and the concept is also very unique.

    Reply
    • Which floor you invested Amerjeet?

      Reply
      • What is the approx per sqft price of GF in good deal ??

        Reply
        • For first floor and water facing shop should be some where 13K

          Reply
          • Thanks for the reply Amit. I wanted price range for Lower Ground Floor or Ground Floor. Can you share your contact details. I need your inputs to help me decide.

          • 9740145452

          • Hi amit . I am going to book shop at lower ground floor but according to them lower ground floor is not basement.. but I am not sure can u sare number with me pls

  7. Great Post! Really this is a very helpful post. Your article helps me a lot to improve myself, so thanks a lot for sharing information.

    Reply
  8. I am planning to invest in this project but I am a bit concerned about the pace at which the condtruction is happening. It is very slow. They are promising the assurred return of 12%. Are they giving the 12% regularly? Or are there any failed cheques?

    Reply
    • Opting NPV is the best way to avoid cheque upto some extend

      Reply
  9. I am looking to invest in this project on ground floor.. can anyone suggest to me pls ..

    Reply
    • Hi Viyaan, you can contact me for feedback

      Reply
      • Vihaan, you can see my contact in above thread.

        Reply
    • Hi Vihaan company doesn’t have a small unit available on LGF and UGF, this project is very good if delivered the same as shown in the brochure.

      Reply
  10. Hi I have invest in ground floor.. do you think is it good investment..

    Reply
    • Hello sir! For the best deal in Elan epic kindly contact me. I’ll give you the best deal

      Reply
    • Hi, Abhi ..I have also invested here..can u please call me 9740145452

      Reply
  11. My cousins invested in this thru chenal partner which has gave him some offers which they did not fulfilled till date and Elan is not helping in this regards . I think both chantal partner and company is master in false promises and frauds.

    Reply
    • Hello Gupta Ji, Can you please me @ 9740145452

      Reply
    • Hi Gupta ji .. why didn’t he deal directly with them .. give me number

      Reply

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