Elan Town Centre

Most commercial property you get offered is still a drawing. Elan Town Centre isn't. It is a completed, working high street on Sohna Road in Sector 67, Gurgaon, where shops, a food court and a 4-screen PVR multiplex have been trading since around 2022. The feel is closer to a colonial-style high street than a sealed mall, with double-height shopfronts opening straight onto a landscaped plaza, and the architecture is by ARCOP. The listing refers to Haryana RERA registration, but we don't have a verified RERA number for Elan Town Centre on file yet, so ask us for it and check it on the state RERA portal before you pay anything.

The centre sits on a 2-acre plot and holds 400 units, ranging from 300 to 1,500 sq.ft. Because the building is complete and occupied, most of what you can buy today comes through resale or lease rather than fresh developer stock. This is a commercial purchase, so it suits investors and business owners rather than someone looking for a home.

The site is right on main Sohna Road, with the Iskon Temple next door. For a retail asset, what really matters is who lives nearby, and here the answer is a lot of people. The centre is ringed by established townships such as Central Park, Park View City, Vatika City, BPTP Park Prime, M3M Merlin and Ireo Victory Valley. SEZs in the area add a daytime crowd on top of the evening and weekend residential traffic, and a metro station is proposed nearby. You get direct access from Sohna Road itself, Golf Course Extension Road is about 10 minutes away, and Rajiv Chowk on NH-8 and Max Hospital at IFFCO Chowk are each about 15 minutes. Cybercity and MG Road take about 25 minutes each, and IGI Airport is about 35 to 40 minutes in normal traffic.

What stands out first is that the place is already operational, so there is no construction risk to worry about. The 4-screen PVR is the anchor draw, and around it you'll find a food court, a premium flea market format, multi-cuisine outlets, cafés and fine dining restaurants. The retail is double-height and street-facing, laid out as an open plaza rather than an enclosed box. For shoppers and tenants the basics are covered too, with high-speed escalators, ample parking, professional maintenance, 24x7 power backup, security and CCTV.

On the specification side, ground and first floor units get double-height frontage and provision for centralised or split air-conditioning per unit. Common areas have fire-fighting, sprinklers and smoke detection. Alongside the escalators and passenger lifts there's a dedicated service lift for goods and F&B loading, which matters a great deal if you plan to run a restaurant or lease to one.

Retail shops on the Lower Ground and Ground floors run from 500 to 1,500 sq.ft and start from around ₹80 Lakh. Shops on the 1st and 2nd floors range from 300 to 1,500 sq.ft, and food court units on the 2nd floor from 500 to 1,500 sq.ft, both with prices on request. The PVR multiplex is leased and not for sale. Treat the ₹80 Lakh figure as an entry point for the smallest units, not a like-for-like price, because floor, frontage and the current tenancy all move the number, and prices change, so ask for the current sheet. As the building is finished, there's no construction-linked plan. The process is straightforward: verify the unit, title, RERA status and any lock-in, visit to check footfall and tenant mix, and then register a sale deed or lease deed.

The honest case for Town Centre is that it is easy to judge. You can walk the plaza on a Saturday evening, see which shops are busy and which are shuttered, and talk to tenants before you put money down. For an NRI managing from abroad, a unit with an existing lease is simpler still, because the income is already in place. The flip side is that 400 units on 2 acres means you're competing with your neighbours for tenants, so position inside the centre counts for a lot. Before you buy, check the current tenancy, the lease terms and lock-in, and how far your unit is from the PVR and the main plaza.

Elan Group is a Gurugram-based developer that made its name in retail and commercial projects before moving into larger housing. Its newer work in Sector 106 sits at the luxury end, with Elan The Presidential and Elan The Emperor, but Town Centre is a good example of the commercial side that built its reputation.