Overview
Elan Presidential Phase 2 stands as one of the most anticipated ultra-luxury launches on Dwarka Expressway in recent years. Developed by the Elan Group — a name synonymous with premium mixed-use and residential developments in Gurugram — this project extends the success of Phase 1 with larger configurations, elevated amenities, and a location advantage that only deepens as infrastructure on NH-48 corridor matures.
Whether you are a Gurugram-based investor eyeing long-term appreciation, or an NRI evaluating Dwarka Expressway for a property investment in 2026, this guide distils everything you need to make an informed decision — price list, floor plans, possession timeline, RERA compliance, and a frank investment perspective.
Project Snapshot
Elan Presidential Phase 2 — Why This Project?
Elan Group built its reputation on delivering large-format mixed-use townships — their Elan Miracle, Elan Epic, and Elan Town Centre projects transformed commercial real estate in Gurugram's new sectors. Elan Presidential is their foray into ultra-luxury residential, and Phase 2 benefits from the hard-won learnings of Phase 1: wider internal roads, improved clubhouse square footage, and a more refined amenities stack.
The Sector 106 address places Elan Presidential Phase 2 within minutes of the Dwarka Expressway elevated corridor, Sheetla Mata Metro Station (Gurugram Metro extension), and the upcoming Diplomatic Enclave II in Dwarka — a demand driver that will sustain premium residential occupancy for years.
"Sector 106 on Dwarka Expressway is tracking 18–24% price appreciation over the next 36 months, driven by infrastructure completions, metro connectivity, and proximity to IGI Airport's T3 terminal — all within a 20-minute drive."
Elan Presidential Phase 2 Price List (April 2026)
Pricing at Elan Presidential Phase 2 is structured across three primary configurations. The figures below are indicative BSP (Basic Sale Price) — final all-inclusive costs include PLC (preferred location charges), car parking, and GST.
| Configuration | Super Area (Approx.) | BSP Range | All-Inclusive Est. |
|---|---|---|---|
| 3 BHK | 2,800 – 3,200 sq ft | ₹3.0 Cr – ₹3.8 Cr | ₹3.4 Cr – ₹4.2 Cr |
| 4 BHK | 3,800 – 4,500 sq ft | ₹4.5 Cr – ₹6.0 Cr | ₹5.0 Cr – ₹6.5 Cr |
| 5 BHK / Penthouse | 5,500 – 6,200 sq ft | ₹7.0 Cr – ₹8.5 Cr | ₹7.8 Cr – ₹9.2 Cr |
Payment Plan: Elan typically offers a construction-linked plan (CLP) and a subvention scheme for select configurations. NRI buyers can leverage home loans from Indian banks under FEMA guidelines — HDFC Bank, SBI NRI, and ICICI Bank all have active lending on this project.
Floor Plans & Unit Mix
Each tower in Elan Presidential Phase 2 is designed as a 4-apartment-per-floor layout, ensuring low density and a sense of privacy uncommon in the mid-luxury segment. Key spatial highlights:
- 3 BHK: Open kitchen with island counter, master suite with walk-in wardrobe, private balcony minimum 180 sq ft.
- 4 BHK: Separate family lounge, two en-suite bedrooms, dry and wet balconies, utility room with washer-dryer provision.
- 5 BHK / Penthouse: Double-height living area, private terrace, home theatre room, staff quarters with independent entry.
All units feature 10.5 ft floor-to-floor height, full-height UPVC glazing, and an Italian marble lobby on each floor — specifications that put Elan Presidential Phase 2 closer to Delhi's Lutyens addresses than typical Gurugram mid-rise developments.
Amenities Stack: What You're Buying Into
The Phase 2 clubhouse spans approximately 45,000 sq ft and operates as a resort-style amenity centre that Phase 1 residents have access to as well. Curated amenities include:
- Temperature-controlled infinity swimming pool (Olympic-length lap pool + leisure pool)
- Full-service spa with steam, sauna, and Hammam wet areas
- Multi-sport indoor arena: squash, badminton, table tennis
- Professional gymnasium with Technogym equipment
- Business lounge and co-working pods (for WFH residents)
- Children's play zone with supervised activities
- Sky lounge on topmost floor with panoramic Aravalli views
- Multi-level basement parking with EV charging bays
Dwarka Expressway Location Advantage
The Dwarka Expressway (NH-248BB) has been the single most transformative infrastructure project in NCR's western corridor since the Delhi Metro. Its completion in 2024 removed the last bottleneck between Gurugram's new sectors and IGI Airport, compressing what was once a 90-minute crawl into a 20-minute drive.
Sector 106 specifically benefits from:
- Sheetla Mata Metro Station — Gurugram Metro Phase 2 connectivity by 2027
- IGI Airport T3 — 18 km / approx. 20 minutes via Dwarka Expressway
- Diplomatic Enclave II, Dwarka — Future demand anchor for diplomatic and corporate housing
- Kundli-Manesar-Palwal (KMP) Expressway — Industrial and logistics corridor connectivity
- Upcoming AIIMS Jhajjar — Healthcare anchor within 12 km
NRI Investment Guide — Elan Presidential Phase 2
For Non-Resident Indians evaluating NRI property investment in Gurugram in 2026, Elan Presidential Phase 2 ticks the key boxes: RERA-registered, reputed developer with delivery track record, and a location with measurable infrastructure tailwinds.
Legal Framework for NRI Purchase
NRIs and PIOs (Persons of Indian Origin) can purchase residential property in India under Section 6(3) of FEMA. No special RBI permission is required for residential property. Payment must be routed through NRE, NRO, or FCNR accounts via normal banking channels.
Rental Yield Potential
Premium 3BHK and 4BHK units on Dwarka Expressway are currently achieving monthly rentals of ₹45,000 – ₹75,000, implying gross rental yields of 3.2–4.1% — competitive with most equity real estate plays in NCR given the capital appreciation trajectory.
Property Management for Absent Owners
PropTrustee offers end-to-end property management for NRI owners of Elan Presidential — including tenant acquisition, rental collection, maintenance coordination, and monthly reporting. Learn more about our NRI property management services.
RERA Details & Possession Timeline
Elan Presidential Phase 2 is registered under HRERA (Haryana Real Estate Regulatory Authority). RERA registration ensures that buyer funds are held in an escrow account and withdrawn only against construction milestones — a significant protection compared to pre-RERA era projects.
Expected possession: Late 2026 for early-phase towers, with a full project handover window extending through mid-2027. Buyers are advised to verify the latest construction status through the HRERA portal (hrera.in) and through PropTrustee's verified site inspection reports.
How Elan Presidential Phase 2 Compares
| Project | Developer | Sector | Price / Sq Ft | Possession |
|---|---|---|---|---|
| Elan Presidential Ph 2 | Elan Group | 106 | ₹10,500 – ₹14,000 | Late 2026 |
| M3M Elie Saab | M3M India | 67A | ₹22,000 – ₹28,000 | 2027–28 |
| Godrej Vriksha | Godrej Properties | 103 | ₹11,000 – ₹14,500 | 2027 |
| Sobha City | Sobha Ltd. | 108 | ₹9,800 – ₹13,000 | Ongoing |
Dwarka Expressway Market Context — 2026
Elan Presidential Phase 2 sits on a corridor that has become one of India's strongest-performing residential markets. Average apartment rates along the Dwarka Expressway now stand at roughly ₹14,000–14,800 per sq ft, with premium new launches quoting ₹20,000–25,000 per sq ft depending on sector and developer. Portal data shows flat prices on the corridor appreciated approximately 12% in the last year, 75% over three years, and over 150% over five years — a trajectory driven by the fully operational expressway, airport tunnel connectivity, and the upcoming Metro Blue Line extension confirmed for the 2026–27 horizon.
Three structural drivers underpin the next phase of value for Sector 106 and its neighbouring sectors: the Gurugram Global City development generating fresh housing demand, metro connectivity that has historically triggered a 15–25% price step-up in adjacent micro-markets, and a continued shift of premium developer launches to this corridor. For NRI buyers, this combination of institutional-grade developers, RERA-regulated delivery, and infrastructure-led appreciation is the core investment case for Elan Presidential Phase 2.
How NRIs Can Buy Elan Presidential Phase 2 from Abroad
NRIs and OCI cardholders can purchase residential property such as Elan Presidential Phase 2 freely under FEMA — no RBI approval is required. The standard remote-buying route involves four steps. First, payments must flow from an NRE, NRO, or FCNR account (foreign currency cannot be paid directly to the developer). Second, if you cannot travel for registration, a Power of Attorney executed at the Indian consulate in your country of residence, then adjudicated in India, allows a trusted representative to sign on your behalf. Third, verify the project's HRERA registration, approved building plans, and the builder-buyer agreement before paying any booking amount. Fourth, retain all payment and TDS records — they determine your cost of acquisition when you eventually sell and compute capital gains.
Rental income from the property is taxable in India, with tenants required to deduct TDS at an effective 31.2% under Section 195 unless you obtain a Lower TDS Certificate. Most NRI owners appoint a property manager to handle tenant placement, rent compliance, and maintenance. PropTrustee provides end-to-end purchase support — from RERA verification and price negotiation to PoA guidance and post-possession management — so the entire transaction can be completed without travelling to India.
Frequently Asked Questions
What is the expected possession date for Elan Presidential Phase 2?
Possession for early towers is anticipated in late 2026, with a complete project handover through mid-2027. Always verify the latest schedule through HRERA or a PropTrustee advisor.
Can NRIs buy a flat in Elan Presidential Phase 2?
Yes. NRIs and PIOs can purchase under FEMA regulations using funds from NRE/NRO/FCNR accounts. No RBI permission is required for residential property.
Is Elan Presidential Phase 2 RERA registered?
Yes. The project is registered under HRERA (Haryana Real Estate Regulatory Authority). Buyers should verify the RERA number on the hrera.in portal before booking.
What is the minimum booking amount for Elan Presidential Phase 2?
Typically 10–15% of the BSP is required at booking. Construction-linked payment plans are available thereafter. Contact PropTrustee for current booking terms.