Elan Group Repays ₹875 Cr to PAG Before Schedule

Gurugram, July 25, 2025: Elan Group has repaid its INR 875 crore debt to Asia Pragati Strategic Investment Fund, part of PAG—one of the largest private investment firms in Asia—before time. The  milestone reflects Elan Group’s strong operational execution, financial discipline and institutional resilience..

Asia Pragati invested INR 875 crore in Elan Group in 2022 with the funds used towards growth capital. Elan Group’s ability to retire high-value debt before the stipulated timelines underscore its operational maturity and financial agility in a competitive market environment.

“The early repayment of the entire INR 875 crore to Asia Pragati marks a pivotal milestone in Elan Group’s growth journey. More than a financial achievement, it reflects the institutional depth, strategic foresight and executional discipline that underpin our business,” said Sandeep Agarwal, Executive Director, Finance, and Group CFO, Elan Group.

“In an industry where prudent capital management is key to long-term leadership, this development reinforces Elan Group’s position as a future-ready developer with the financial resilience to scale, deliver and lead with conviction. It is a testament to the trust we have built and the momentum we continue to carry across our portfolio.”

This strategic deleveraging is expected to reduce interest liabilities, strengthen liquidity and create headroom for reinvestment into future projects and land acquisition. The enhanced financial flexibility will allow the Group to accelerate construction schedules and deepen its presence in high-opportunity markets.

Elan Group holds a robust portfolio of 15 projects spread across Gurugram and New Delhi, offering a built-up area of approximately 25 mn sq ft. This includes ultra-luxury residential projects, such as Elan The Emperor and Elan The Presidential, alongside integrated commercial and retail destinations like Elan The Mark, Elan Imperial, Elan Empire, Elan Paradise, Elan Epic, Elan Town Centre, Elan Miracle and Elan Mercado.

With a leaner balance sheet, strong fundamentals and an ambitious project pipeline, Elan Group is well-positioned to seize emerging growth opportunities and further its evolution as one of most agile and future-focused real estate developers.