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|
|RERA Registration No||Elan Epic- GGM/30/2018|
|Possession Date According to Several Real Estate Portals||December-2022|
|RERA Possession Date||December-2023|
|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|
|Connectivity||Nearest Metro Station 25-Minutes (Huda City Center)
International Airport-28.4Km (IGI Airport
|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|
|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|
|Public Security||Police Station -15-Minute
Fire Station 15-Minute
|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.
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.
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
|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|
|COMMITMENT||Quality construction & after possession maintenance|
|OFFICE ADDRESS||Golf View Corporate Tower, 3rd Floor Golf Course Road, Sector 42, Gurgaon, Haryana 122001. Phone: +91 124 410 1100|
Price | Lease Price
Elan Epic retail shops, serviced apartments price start at approx:-
|FLOOR||SIZE (Sq Ft)||PRICE (PSF)|
|2Nd Floor (Food Court)||500||14,250|
For investment, prefer advance stage construction project at this location.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH