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

Review

CPR Ratings

As per Location
The Elan Epic 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
The Elan Epic project is under construction. According to several real estate portals and builders, the promised date of delivery of the project is in the year of December-2022.  But according to RERA the possession date is 31-December-2023. The project is in the process of RERA registration. RERA Registration No GGM/30/2018

Elan Epic Sector 70, Gurgaon Haryana India

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.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORSACTUAL FACTS-ELAN EPICGRADING
Urban Rich GentryUpper Middle Class, Middle Class. Within Walking distance, Tulip, GPL, BPTP, Unitech, Radiant, M3M, etcA
Prime LocationGOLDA
ConnectivityNearest Metro Station 25-Minutes (Huda City Center)
International Airport-28.4Km (IGI Airport
A
Layout DesignExcellent, Grand ceiling heights, full of vigor and vitality, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office spaceA
Multiple EntriesYesA
VisibilityHighly visible, corner property, very wide frontageA
High-Density populationWithin 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 FootfallYesA
Public SecurityPolice Station -15-Minute
Fire Station 15-Minute
A
Industrial AreaWithin 3-KmA
Urban/Civic FacilitiesMaximum facilities availableA
Developers CredibilityZero D
Price ComparisonCompetitive priceA
CompetitorsA few competitors within a radius of 500-Meter B
Expected ROI6% to 7% AnnuallyA

 

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.

The point to be noted that according to our experience that the investment in any retail commercial shop/project should be done only when its external structure is visible. Only just looking at the map or in the soft launch or pre-launch stage of any retail commercial project and investing in it, is very risky.

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. 

Products & Developer
Elan Epic project is under developing 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
PREDECESSORElan Limited
FOUNDED2013
FOUNDERSRakesh Kapoor
KEY PEOPLERavish Kapoor, Akash Kapoor
COMPANY | PROMOTERSElan
PRODUCTSCommercial Offices, Shopping Malls, Retail, Hotel, Lesure & Hospitality
AREA SERVEDDelhi, Gurgaon
PROJECTS COMPLETEDNone
PROJECTS ONGOINGElan Mercado, Elan Town Centre, Elan Miracle, Elan Epic
DELIVERY TRACK RECORDVery Poor, delay possession
NET WORTH
STRENGTH
COMMITMENTZero
RISKdelay possession, long wait, investment can be stuck
DEBTUpdating soon
LITIGATION Facing corruption charges
OFFICE ADDRESSGolf View Corporate Tower, 3rd Floor Golf Course Road, Sector 42, Gurgaon, Haryana 122001. Phone: +91 124 410 1100
BUILDER CATEGORYBRONZE

 

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:-

FLOORSIZE (Sq Ft)PRICE (PSF)
Lower Ground60019,750-21,750
Ground Floor50019,750-21,750
First Floor40013,750
2Nd Floor (Food Court)50014,250

The price is high for a primary stage under construction project.

Conclusion
Overall, investment in the Elan Epic commercial project may take a very long time to grow, so invest carefully.

CPR Ratings

Investors Vote
[Total: 5 Average: 3.2]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

18 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
  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
  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

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