Elan Mercado

Overview

Elan Mercado is a finished, operating commercial project on 2.99 acres in Sector 80, right on NH-8 in New Gurgaon. It combines high-street retail, a food court and fine dining, a 5-screen PVR multiplex and a block of service apartments.

Here's the part most investors care about: it's already delivered and trading. You're not betting on whether it gets built, you're judging footfall and rent on a mall you can walk around today.

It suits an investor looking for a smaller-ticket retail or service apartment unit, or a business owner who wants a ready shopfront.

Location

Mercado has direct frontage on NH-8 in Sector 80, surrounded by dense residential projects. Eros Corporate Park, established residential sectors, schools and hospitals all sit within about 3 km.

That blend of office workers and families is the backbone of the retail case. It gives the mall weekday lunch trade as well as weekend family visits.

Getting around

Dwarka Expressway is about 6 km away and IGI Airport roughly 30 minutes by road, with a proposed metro station nearby.

Close at hand are Ompee Global School at 1.6 km, Raheja Square at 2.7 km, and Eros Corporate Park and Medeor Hospital, each about 2.8 km away.

Features & amenities

The anchor is a 5-screen PVR multiplex with its own lobby, supported by a food court and fine-dining restaurants. High-speed escalators connect the retail levels, and there's ample surface and basement parking.

Operations are handled by professional facility management, with 24x7 security, CCTV and power backup.

Homes on offer

There are around 300 units in total. Retail shops of 270 to 400 sq.ft have been listed at ₹56 Lac to ₹83 Lac on the resale market, while larger high-street units go up to 1,500 sq.ft, with pricing shared on request.

Service apartments, in studio and 1 BHK formats, start from ₹1.03 Cr. F&B and food court units are priced on request, and Elan's own listing quotes ₹80 Lac onwards.

Because the project is delivered, you buy on resale or as a leased unit, with no construction-linked payment plan. Only limited resale and leasing inventory is left, so treat all figures as indicative and confirm current prices with us.

Specifications

The building has an RCC framed structure designed to be earthquake-resistant. Double-height storefronts with glass façades and wide internal walkways are built for visibility and heavy footfall.

Escalators and elevators connect every retail level, and manned security covers all entry points. The service apartments block has its own lift lobby and access, which keeps hospitality guests separate from the mall.

Why it's worth a look

A delivered, tenanted mall with a PVR anchor removes the biggest risk in commercial property: waiting for construction. The entry ticket is also lower than most new retail launches in Gurgaon.

That said, rental returns depend on the tenant, the unit's frontage and footfall, and none of these are guaranteed. Check the lease terms, title and actual occupancy of any specific unit before you buy.

Credentials

The promoter is Elan Limited, part of the Elan Group, which is known for retail destinations such as Elan Town Centre, Elan Miracle, Elan Epic and Elan Paradise. Design and architecture are by ACPL, and PVR Cinemas runs the multiplex.

The project has been ready to move since around September 2022. Public listing portals reference a Haryana RERA registration of 189 of 2017, so please confirm the live status on haryanarera.gov.in before you transact.