Elan Group raises Rs 1,200 crore from Kotak Real Estate Fund

Elan Group, based in Gurugram, has raised Rs 1,200 crore from Kotak Real Estate Fund to support its future growth.

Akash Kapoor, director of Elan Group, said that this investment would help the company expand its presence in Gurugram’s real estate market. In 2022, Elan Group secured $110 million (Rs 1,000 crore) from PAG, a global investment firm.

Sandeep Agarwal, CFO of Elan Group, noted that the investment would accelerate ongoing projects and support new developments.

Kotak Real Estate Fund, which has raised over US$ 3.5 billion since its inception in 2005, focuses on various real estate sectors, including residential, office, and hospitality. Vikas Chimakurthy, CEO of Kotak Real Estate Fund, expressed confidence in Elan Group's growth potential.

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