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Elan Group has repaid a INR 875 crore debt to Asia Pragati Strategic Investment Fund (PAG) ahead of schedule, citing robust internal cash flows driven by strong housing demand. The Gurugram-based firm confirmed the early settlement, originally availed in 2022, in a statement released on July 25, 2025. Sandeep Agarwal, Group CFO, highlighted the move as a major milestone, expected to reduce interest costs and boost financial efficiency. Elan currently manages 15 projects across Gurugram and New Delhi, covering 25 million sq ft. Known for commercial developments, the company recently forayed into luxury housing with a residential project on Dwarka Expressway.
Realty firm Elan Group has announced that it has repaid an INR 875 crore debt to Asia Pragati Strategic Investment Fund, a part of PAG, ahead of its scheduled time. This early repayment was facilitated by improved internal cash flow, which the company attributes to strong demand in the housing market. Advertisement
In a statement released on 25th july, 2025, Friday, the Gurugram-based company confirmed the early settlement of the INR 875 crore fund, which it had availed from Asia Pragati Strategic Investment Fund in 2022.
Sandeep Agarwal, Executive Director of Finance and Group CFO at Elan Group, stated that the early repayment of the entire INR 875 crore fund to Asia Pragati marked a key milestone in Elan Group's growth journey. The company expects this move to help reduce its interest costs, contributing to its financial efficiency.
Elan Group currently holds a portfolio of 15 projects. These developments are spread across Gurugram and New Delhi, encompassing a built-up area of about 25 million square feet. The company has a history of developing commercial projects in Gurugram and has recently entered the residential segment with an ultra-luxury project located on the Dwarka Expressway. This early debt repayment signals the company's strong financial health and positive outlook in the current real estate market.
Source- PTI
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