Elan Presidential Sector 106 Gurgaon

Elan Presidential has not been a new launch for almost four years. Elan Group put the first phase of the Sector 106 scheme on sale in November 2022, its Haryana registration is dated 21 November 2022, and flats in it have been changing hands on the resale market ever since, while the towers rise beside the Dwarka Expressway. This page used to carry the label New Launch and a price of Rs 3.85 crore onwards. The label is out of date by nearly four years. The price is too: on the smallest 2,450 sq ft 3 BHK it works out at Rs 15,700 per sq ft, and nobody on the listings read on 26 September 2026 is asking anything like it.

Here is what is true. Resale asks in Elan Presidential divide out at Rs 17,500 to Rs 20,900 per sq ft, with the middle of the market at about Rs 19,000. A 3 BHK of 2,400 to 2,700 sq ft asks Rs 4.7 crore to Rs 5 crore. A 4 BHK of 3,075 to 3,395 sq ft asks Rs 5.4 crore to Rs 6.7 crore. A 5 BHK of 4,095 to 4,495 sq ft asks Rs 7.2 crore to Rs 8.2 crore. The scheme was launched at about Rs 13,900 per sq ft, so an early buyer is sitting on a gain of roughly 37 per cent. And the registration promises completion in October 2027, which means that what a buyer takes over today is an allotment and a payment schedule, not a set of keys.

What the resale asks divide to

Every ask below was published on the listings for this project in September 2026. Each one is divided by the super area printed beside it, because the rate is the only way to compare a 3 BHK with a 5 BHK.

Nine asks, and they fall into two groups. Four sit between Rs 17,500 and Rs 17,900; five sit between Rs 19,300 and Rs 20,900. The median is Rs 19,300 and the plain average Rs 18,900, so about Rs 19,000 per sq ft is the fair single number. One portal prints a project average of Rs 21,800, which is above every ask in the table and reads as an average of hopes rather than of flats. The same 3,075 sq ft plan is asked at Rs 5.38 crore by one seller and Rs 5.99 crore by another, a gap of Rs 61 lakh on an identical floor plan. Floor and tower explain some of that. The rest is how much of the price the seller has already paid to Elan, which is the question that matters most in a sale before possession and which the listings never answer.

Two lower figures circulate and should be set aside. Project cards print "from Rs 3.29 crore" and a band of Rs 3.49 crore to Rs 4.69 crore; those are the launch-era starting prices, and no seller is offering a flat at them today. At the other end, one portal prints a base price of Rs 40,697 per sq ft for a 3 BHK. That is a carpet-area rate on a carpet of about 1,347 sq ft: multiply it out and it is Rs 5.48 crore, or Rs 22,400 per sq ft on the 2,450 sq ft super area. A carpet rate and a super-area rate describe the same flat in two currencies, and comparing one with the other is how a buyer ends up thinking a fair ask is a bargain.

What the old row got wrong, and what the listings get wrong

• The status. Launched in November 2022, due for completion in October 2027, with a live resale market. That is under construction, not a new launch.
• The price. Rs 3.85 crore buys nothing in the building now. The cheapest 3 BHK ask on the listings is Rs 4.72 crore, about Rs 87 lakh higher.
• The unit count. Listings print 866 flats. The registration record shows 728 flats, 14 shops and 138 flats for the economically weaker section; 728 plus 138 is 866. A buyer comparing density with a neighbour should count 728.
• The land. Marketing pages say 30 or 40 acres. The registered project area is 12.767 acres inside a licensed site of 24.10 acres, and the larger figures take in the second phase and the commercial block on the same campus.
• The possession date. One broker page prints possession from January 2025. The registration says October 2027, and that is the date a buyer can hold Elan to.

What Elan publishes

The developer's own page describes the scheme as the group's first residential project, built by Elan Avenue Ltd, formerly Airmid Developers Ltd, on licensed land in Sector 106. Elan is a commercial developer by history: its earlier projects in Gurugram are retail and office blocks, and this is the first time it has had to hand over several hundred flats to families. The plans run from 3 BHK of about 2,450 sq ft through 4 and 5 BHK to penthouses of up to 7,362 sq ft, across eight or nine towers of 32 floors. Listings credit the design to UHA London and the construction contract to Leighton, and trade reports at the launch put the first phase at 728 flats priced between Rs 4 crore and Rs 12 crore, out of about 1,800 planned in all, with Rs 4,000 crore of investment.

That the builder is new to housing cuts both ways. A contractor of Leighton's size is a reassurance on the structure. It says nothing about how the society will be run after handover, the snag list or the time the occupation certificate takes, and there is no earlier Elan residential scheme to look at for an answer. The Sector 106 flats page lists the delivered buildings nearby, and a visit to one of them tells a buyer more about living on this stretch of the Expressway than any brochure.

Registration and the possession date

The registration is RC/REP/HARERA/GGM/626/358/2022/101, dated 21 November 2022, and it records October 2027 as the completion date. The second phase, sold as Elan Emperor, carries its own separate number, so a buyer should check that the allotment letter cites the 2022 registration and a tower inside it. The Haryana authority publishes the quarterly progress reports a developer files, and those reports are the honest answer to "how far along is it": read the latest one before agreeing a premium, because a tower that is a year behind is a year of interest the buyer carries.

Buying before possession: what a transfer involves

A resale here is a transfer of the original allotment. The seller has paid Elan some share of the price; the buyer repays the seller that amount plus a premium, and takes over the instalments still owed. Four things follow from that:

1. Split the ask into two numbers: what the seller has paid Elan, and the premium on top. Only the premium is negotiable, and it is the only part that is profit to the seller.
2. Elan has to endorse the transfer. Ask what its transfer fee is and whether the seller's dues are clear before any token changes hands.
3. GST at 5 per cent applies to the instalments still payable to the developer. Stamp duty is paid on the conveyance deed at possession, at the Haryana rates of 7 per cent for a man, 5 per cent for a woman and 6 per cent jointly.
4. A home loan needs the lender's approval of the project and a tripartite agreement with Elan; ask the bank before you ask the seller.

The rent question, which cannot be answered yet

No flat in the scheme has been handed over, so there is no rent to divide by the price, and any page quoting a rental yield for Elan Presidential is guessing. The arithmetic can still frame the decision. A 3,075 sq ft 4 BHK at Rs 19,000 per sq ft costs about Rs 5.84 crore. To earn 3 per cent gross it would have to let for about Rs 1.46 lakh a month; at the 2.5 per cent that finished Gurugram towers usually earn, the rent would be about Rs 1.2 lakh. Rents on the Dwarka Expressway today are set by delivered mid-size flats, and a large flat here will be one of the first of its kind to test the market. Buy it to live in, and treat any rent as a bonus.

Against Elan Emperor next door

The second phase, sold as Elan Emperor, sits on the same campus with 4 and 5 BHK flats from about 4,400 sq ft. It was launched at about Rs 24,000 per sq ft, is now priced at up to about Rs 26,500, and is registered with completion in September 2032. Put the two side by side and the resale in the first phase is the better buy for anyone who does not need the newer tower: about a fifth cheaper per sq ft, and five years closer to the keys. A 4,095 sq ft 5 BHK at Rs 19,000 is Rs 7.8 crore; the same area at Rs 24,000 is Rs 9.8 crore. This site's page for the second phase carries the launch detail.

Sector 106 as a whole trades at about Rs 15,500 to Rs 15,900 per sq ft for flats, so the first phase carries a premium of about 20 per cent over its own sector. Flat rates in the sector rose about 2.2 per cent in the past year after doubling in the three before it. That flattening is the fact to price in: the 37 per cent a launch buyer made came mostly in the Expressway's big run, and a buyer paying Rs 19,000 now is paying for a building, not for a repeat of that run. Other schemes on the same sector are listed on the Sector 106 projects page, including Sobha Strada.

Who this suits, and who should look elsewhere

It suits a family that wants a large flat on the Expressway, can wait a year or more for it, and would rather pay about Rs 19,000 per sq ft for a tower that is well along than Rs 24,000 or more for one due in 2032. It suits a buyer who can check a quarterly progress report and a payment ledger before paying a premium. It does not suit anyone who needs to move in this year, anyone buying for rental income, or anyone uneasy about a first residential project from a commercial developer. Budget pages for the bands the flats sit in are Rs 4 to 5 crore and Rs 5 to 6 crore.

Before you pay anything

1. The seller's payment ledger from Elan, showing what has been paid and what is due.
2. The rate against the super area on the allotment letter, not the carpet area on a portal.
3. The tower's latest quarterly progress report on the Haryana authority's website.
4. Elan's written consent to the transfer and its fee, before the token.
5. The lender's approval of the project, if the purchase needs a loan.

Frequently asked questions

What is the price of a flat in Elan Presidential Sector 106?

On the resale listings read on 26 September 2026, asks divide out at Rs 17,500 to Rs 20,900 per sq ft, about Rs 19,000 in the middle. A 3 BHK of 2,400 to 2,700 sq ft asks Rs 4.7 crore to Rs 5 crore, a 4 BHK of 3,075 to 3,395 sq ft Rs 5.4 crore to Rs 6.7 crore, and a 5 BHK of 4,095 to 4,495 sq ft Rs 7.2 crore to Rs 8.2 crore. Launch-era figures near Rs 3.5 crore are no longer on offer.

How much does a 3 BHK cost in Elan Presidential?

The 3 BHK plans run from about 2,400 to 2,700 sq ft, the last with a servant room. The asks read in September 2026 were Rs 4.72 crore on 2,450 sq ft, Rs 4.83 crore on 2,700 sq ft and Rs 5.02 crore on 2,400 sq ft, which is Rs 17,900 to Rs 20,900 per sq ft. The old figure of Rs 3.85 crore onwards was a launch-era price and buys nothing in the building now.

When is possession of Elan Presidential?

The registration dated 21 November 2022 records October 2027 as the completion date, and no tower had been handed over when this page was checked in September 2026. A broker page printing possession from January 2025 is wrong. Read the latest quarterly progress report on the Haryana authority's website before paying a premium, because every month of delay is interest the buyer carries.

What is the RERA number of Elan Presidential?

RC/REP/HARERA/GGM/626/358/2022/101, dated 21 November 2022. The record shows a registered area of 12.767 acres inside a licensed site of 24.10 acres, with 728 flats, 14 shops and 138 flats for the economically weaker section. Elan Emperor, the second phase on the same campus, has its own registration, so check that the allotment letter you are taking over cites this one.

How does buying a resale flat before possession work here?

It is a transfer of the original allotment. You repay the seller what they have paid Elan, plus a premium, and take over the instalments still due. Elan must endorse the transfer and charges a fee for it. GST at 5 per cent applies to the instalments still payable to the developer, stamp duty falls due on the conveyance deed at possession, and a lender must approve the project before it funds the purchase.

What rent will a flat in Elan Presidential earn?

Nobody knows yet, because nothing has been handed over and there are no tenants. The arithmetic sets the bar: a 3,075 sq ft 4 BHK at about Rs 19,000 per sq ft costs Rs 5.84 crore, and a 3 per cent gross yield on it needs a rent of about Rs 1.46 lakh a month. Finished Gurugram towers usually earn nearer 2.5 per cent, so buy this flat to live in.

Should I buy Elan Presidential or Elan Emperor?

For most buyers, the first phase on resale. Elan Emperor was launched at about Rs 24,000 per sq ft and is registered for completion in September 2032; a Presidential resale at about Rs 19,000 is roughly a fifth cheaper and five years closer to the keys. Emperor makes sense only for a buyer who wants its larger plans from about 4,400 sq ft or a brand-new allotment direct from Elan.