PE-RE Fund Investments
Realtor Elan Group raises Rs.250-Cr from Piramal Finance
Gurugram-based Elan Group has raised INR 250 crore from Piramal Finance. The fresh funds will be used to fast-track its commercial project spread over a million sq ft in Gurugram. CBRE advised the group on this transaction.Elan Group, founded by Rakesh Kapoor, Ravish Kapoor and Akash Kapoor, is involved in both commercial and residential projects. Its portfolio consists of 15 projects spread across Gurugram and New Delhi, collectively offering about 25 million sq ft of built-up area.
Between Aug 2022 and Oct 2024, Elan Group had attracted about USD 253 M from Pacific Alliance Group and Kotak Realty.
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