Elan Mercado Service Apartment Review

Q: Hi, I am planning to invest in Elan Mercado, Gurgaon. It is heard that they are providing assure return but it is not clear to me. Explain me please.

Pramela, Gurgaon

27th February 2014

Residential Project Review in Elan Mercado Service Apartment, Sector-80, Gurgaon

studio apartment

gurgaon projects

project review

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Replies (5)

Hi Sayatani,
As per my knowledge this project has world class amenities like Food Court, ATM, Restaurants, Club house,Garden etc.
Payment Plan is very simple :
On application of Booking -4lacs, Within 45 Days of Booking -30% of BSP , Start of Construction -100% of EDC & IDC.
On completion of Super structure-30% BSP. On offer for Possession -40% of BSP+ IFMS charges.
Yes Registration & Administrative charges will be extra.

Seekha, Gurgaon

19th August 2014

Comment

Hi all,
I am planning to book a studio apartment . So can anybody tell me what are the amenities i can expect in this project? And I want to know how is their payment plan? Registration & Administrative charges will be excluding or including ?

Sayatani, Gurgaon

19th August 2014

Comment

Hi all,
What are the location advantages of this project? How this project has the connectivity with the Delhi/NCR? And when is the expected date of possession?

Hitesh, Gurgaon

27th February 2014

Comment

Hello Hitesh,
This project has the excellent connectivity with
25 Minutes drive from airport
A Grade Commercial Development
12 Min from IFFCO chowk
2 Min drive away from Gurgaon Manesar toll
2 Min drive away from Mc Donalds

The expected date of possession would be near about 2017 end.

Nishant Pathak, Gurgaon

27th February 2014

Elan Mercado Service Apartment is one of the popular residential developments in Sector-80. It spreads across 6 acres of land. This project is offering 1BHK service apartment area ranging from 650 sq-ft to 1000 sq-ft. Builder quoted 7950/ sq-ft. I t has 25 floors. The project possession is around March 2017.

Johnathan, Gurgaon

19th August 2014

Hi everyone,
May i know the project details and the location?

Karthik, Gurgaon

27th February 2014

Comment

The project is bang on NH-8 in Sector-80, Gurgaon adjoining Hotel Hyatt.
This project is offering studio apartment in 675 sq.ft and 1BHK apartment in 1050 sq.ft @7950/sq.ft

Srishti, Gurgaon

27th February 2014

Thanks for the information Srishti,
Will they provide fully furnished studio apartment? What is the total no of units in it? Is this project got approval?

Karthik, Gurgaon

27th February 2014

Well karthik,
Yes, they are providing fully furnished studio apartments. There are 180 units in it including retail shop.
And the project has got approval by HUDA.

Srishti, Gurgaon

27th February 2014

Thanks Karthik,
I am still confuse about the developer of this project because two or three names are coming? Can you give me a brief details about the developer?

Karthik, Gurgaon

27th February 2014

Well karthik,
ELAN Limited is a venture of K & T Group and ATF Group. K & T Group, has established it’s presence in NCR’s real estate industry and over the years has built a formidable reputation in the realty sales business. ATF Group is a real estate group, a known name in the realty business in Punjab. Mr. Rakesh Kapoor is a well known & Trusted name in the real estate industry known as MD of K&T Group and Mr. Rajnish Dhawan is MD of ATF Group & Asian Tyres Ltd., Punjab are the back bone of the company.

Srishti, Gurgaon

27th February 2014

Hi,
This new project is being introduced by ELAN Group with assure return. The project is coming up bang on NH-8 in Sector-80, Gurgaon adjoining Hotel Hyatt.
Even i was not sure and talked to their executive and found that if we clear our payment or atleast 55% at the time of booking then from the date of possession we will get 11% assured return.

Nishant Pathak, Gurgaon

27th February 2014

Comment

Hi Nishant,
Suppose i an not going for the assured return in that case how much i have to pay as a booking amount? And it is also heard that banks are not providing loan for this project. Why is it so? can you explain?

Nilufar, Gurgaon

27th February 2014

Hello Nilufar,
If you are not going for the assured returned then you have to pay atleast 4 lacs as a booking amount.

This project comes under commercial and in such cases banks are providing loan only after completion of the project. So, you don't need to worry and can invest accordingly.

Nishant Pathak, Gurgaon

27th February 2014

Thanks for the feedback Nishant,
Is there any discount or negotiation? Which floors are building as a studio apartment?

Nilufar, Gurgaon

27th February 2014

Your welcome,
Discounts or negotiation depends only that how much you are interested for the project. You have to visit in their Gurgaon office and can discussion on that.
From ground to 2nd floor there will be retail & food court and 3rd to 25th floor will be studio apartment.

Nishant Pathak, Gurgaon

27th February 2014