Elan Paradise

Overview

Elan Paradise is a commercial project, pitched as Gurgaon's 1st concept-based high-street retail development. It combines ground-level high-street shops, an elevated food and beverage court open to the sky, and a multiplex on one 3.35-acre site.

The multiplex matters. It gives the project its own footfall driver instead of relying purely on the shops, which is exactly what you want as a retail investor.

It's aimed at investors and business owners looking for retail or F&B space in an established residential pocket.

Location

The project sits in Sector 50, inside the Nirvana Country pocket, with a claimed 1,500-acre residential catchment around it. That dense, settled population nearby is the core of the retail case.

Golf Course Extension Road, NH-8 and Sohna Road are all close by, and neighbours include DPS International Edge and Paras World School along with office hubs.

Getting around

DPS International Edge is about 0.2 km away and Paras World School 0.9 km. Spaze Itech Park is around 1.9 km and Universal Business Park 2.1 km, which helps with weekday office footfall.

The nearest metro station is about 10 mins away, and IGI Airport roughly 20 mins.

Features & amenities

The design leans away from the flat corridor layout of a typical strip mall. There's a central atrium with a waterfall, panoramic glass lifts rising through it, terrace restaurants open to the sky and LED-accented facades.

The complex is centrally air-conditioned, with high-speed escalators, ample parking, power backup and 24x7 security with CCTV. It also includes fine dining, food courts, a multiplex, a fitness centre and gym, and sauna and spa facilities.

Homes on offer

There are no homes here; the units are retail and F&B spaces from 300 to 1350 sq.ft. Ground floor retail runs 500 to 1350 sq.ft and starts at ₹1.5 Cr.

The lower ground has retail units of 550 to 1250 sq.ft, the 1st floor has smaller formats of 300 to 1250 sq.ft, and the 2nd floor food court offers 500 to 1000 sq.ft. Pricing for these is shared on request, and select combined formats are marketed up to about 2,500 sq.ft.

The payment plan is 50:50, with 50% on booking and 50% on offer of possession. The developer also states a 12% p.a. assured return payable during the construction period.

Specifications

Retail units are double-height and road-facing, for maximum frontage and visibility. Common areas are centrally air-conditioned, with high-speed escalators across all retail levels and power backup for all units.

Ample dedicated parking, 24x7 security with CCTV and professional facility management round it out.

Why it's worth a look

A multiplex anchor, a big residential catchment and double-height frontage are real strengths for a retail asset. The 50:50 plan keeps half your payment back until possession.

Treat the assured return as a developer commitment to read carefully in your agreement, not a guarantee of future rental. Long-term value will depend on the tenant mix and how well the centre is managed.

Credentials

The promoter is Elan Limited, part of the Elan Group, whose Gurgaon commercial portfolio includes Elan Mark, Elan Presidential, Elan Epic, Elan Town Centre, Elan Mercado and Elan Miracle.

The design is by UHA London, with ARCOP as architect. RERA No: GGM/584/316/2022/59, and you can verify it on the Haryana RERA portal at haryanarera.gov.in.