Elan The Presidential Phase 2 is the second phase of Elan Group's flagship 30-acre ultra-luxury estate in Sector 106, Gurgaon — directly on the Dwarka Expressway and within minutes of the Delhi border.
The project is a statement of intent: master architecture by UHA London, construction by Leighton Asia (the contractor behind some of Asia's most demanding high-rise builds), and a three-level grand clubhouse offering dining, sports, and wellness on a scale rarely attempted in Indian residential development.
Residences range from 4 BHK apartments of approximately 4,850 sq ft to duplex penthouses of 8,000–8,500 sq ft with private pool decks — formats designed for buyers who want villa-scale living with full-service tower amenities and security.
For NRI investors, Phase 2 offers an under-construction entry into one of the Dwarka Expressway's most recognised ultra-luxury addresses, with possession expected in December 2026 — close enough to plan around, far enough to capture construction-period appreciation. PropTrustee provides verified inventory, negotiation, and end-to-end purchase management.
Sizes indicative — subject to RERA approved final layouts. Contact PropTrustee for current pricing and floor availability.
Elan The Presidential occupies a frontage position in Sector 106 on the Dwarka Expressway — the established ultra-luxury belt of the corridor, immediately south of the Delhi border and the Dwarka sub-city.
The Dwarka Expressway gives residents a signal-free run to IGI Airport (~20 minutes) and connects directly to NH-48, the Central Peripheral Road, and Delhi's Urban Extension Road II. The Yashobhoomi (India International Convention Centre) in Dwarka Sector 25 — among the largest convention venues in Asia — is minutes away and is already reshaping demand in the immediate catchment.
For NRI residents, the practical geography matters: airport to home in about 20 minutes, Delhi addresses across the border, and Gurgaon's Cyber City within ~30 minutes via the expressway and NH-48 interchange.
Phase 2 is under construction with possession targeted for December 2026. A mix of developer and early-allottee inventory trades in the market; pricing varies by tower, floor, and view. PropTrustee verifies seller credentials and title before any unit is shortlisted for clients.
NRIs can purchase Elan The Presidential Phase 2 under FEMA without prior RBI approval. Funds can be remitted via NRE/NRO accounts. The purchase can be completed remotely via a limited Power of Attorney. PropTrustee's CA team handles 15CA/15CB, TDS on purchase, and all repatriation filings from Day 1. Home loans available at competitive rates from HDFC, ICICI, and Axis Bank India.
Sector 106 is the heart of the Dwarka Expressway's ultra-luxury belt, and Elan The Presidential is its most visible new estate. The 30-acre master plan — unusual scale for the corridor — allows a resort-style layout with a three-level grand clubhouse, expansive landscaping, and tower placement that protects light and privacy.
The differentiator is execution pedigree. UHA London's architecture and Leighton Asia's construction give the project an international delivery standard that very few Indian residential developments can claim. For buyers comparing against legacy developers, The Presidential's bet is simple: newer design, larger formats, better build.
Phase 2 extends the estate with 4 and 5 BHK residences from roughly 4,850 sq ft and duplex penthouses of 8,000–8,500 sq ft with private pool decks — formats that compete with independent villas while retaining tower security and services.
Sector 106 sits directly on the Dwarka Expressway, adjacent to the Delhi border. The corridor's full vehicular opening in 2024, the operational Yashobhoomi convention centre, and the announced metro extension have converted what was a speculative location into a functioning premium district.
Broker-reported rates across the corridor have roughly doubled between 2019 and 2024, and Sector 106 specifically hosts several of the corridor's benchmark ultra-luxury projects — giving The Presidential an established peer set rather than pioneer risk.
Phase 1 established the estate and is in advanced construction with resale availability. Phase 2 brings larger formats, refined layouts, and the December 2026 possession window. Both phases share the clubhouse and estate amenities; Phase 2 buyers enter closer to delivery, which compresses construction risk while retaining a pre-possession price point.
Non-Resident Indians can purchase residential property in India freely under FEMA — no RBI approval, no foreign-buyer surcharge, no limit on the number of properties. The purchase can be completed entirely remotely via a Limited Power of Attorney.
Ultra-luxury assets on the Dwarka Expressway are primarily capital-appreciation plays. Post-possession, residences of this format are expected to command premium rents from corporate and expatriate tenants, implying gross yields of roughly 2.5–3.5% — with the larger return driver being corridor appreciation, which has compounded strongly since 2019.
Add the NRI currency effect — historically ~2–3% annually for USD/GBP/AED earners — and the total-return picture is competitive with any global gateway-city residential market.
PropTrustee has advised NRI buyers in Gurgaon since 2013. For The Presidential we provide inventory verification, price benchmarking, FEMA and tax compliance via our in-house CA team, construction-period monitoring with photo reports, possession facilitation, and post-possession management — tenant placement, rent collection, and NRE/NRO remittance.
Our Concierge plan (₹90,000/year + 6% rental commission) suits Presidential owners — legal retainer, CA on call, and 24/7 WhatsApp access alongside standard management.
Elan The Presidential Phase 2 is priced from ₹12 Cr+ at ₹22,000+, placing it in the ultra luxury band of the Dwarka Expressway market. As with every project on the corridor, the headline rate is only the starting point of the real price: floor-rise charges, preferential location charges (PLC) for view-facing and corner stacks, EDC/IDC statutory charges, and one or two covered car parks typically add 5–12% to the base. Stamp duty in Haryana adds roughly 5% for women buyers and 6% for men, plus registration charges. PropTrustee maintains the verified, all-inclusive rate card for The Presidential and shares a like-for-like cost comparison against the catchment before clients commit — the only honest way to compare projects whose advertised rates hide different charge structures.
The payment plan follows the structure shown above on this page: a booking amount of approximately 10%, construction-linked or time-linked milestones through the build, and a final tranche at possession. Construction-linked plans protect buyers by tying outflows to verified progress reported on the RERA portal. For NRI buyers remitting from abroad, each milestone is paid from an NRE or NRO account, with our CA team handling TDS deduction and the 15CA/15CB filings each transfer requires.
Elan The Presidential Phase 2 offers 4 & 5 BHK residences spanning 4,850–8,500 sq ft. When comparing floor plans on the corridor, three numbers matter more than the brochure render: the carpet-to-super-area ratio (efficiencies of 62–70% are typical; higher is better), the number of units per floor (fewer means more light, privacy, and lift availability), and the balcony provision, which determines how the home actually lives in Gurgaon's climate. Request the RERA-approved carpet areas — not just super built-up figures — before shortlisting a stack; PropTrustee provides these for every The Presidential format it recommends.
Within the project, not all inventory is equal. International design and construction pedigree — UHA London architecture executed by Leighton Asia, a combination unique on the corridor. Stack selection — the specific vertical line of units you buy into — is where experienced buyers extract the most value: the right stack at the same rate as an average one is the cheapest upgrade available in any launch.
The possession timeline for Elan The Presidential Phase 2 is Dec 2026, and its current status is under construction. The project's RERA reference is GGM/626/358/2022/101. Every buyer — NRI or resident — should verify this registration directly on the RERA portal before paying any booking amount: the portal lists the approved plans, declared completion date, quarterly construction updates, and any complaints on record. RERA's escrow rules require 70% of buyer payments to be held in a project-specific account and released against certified construction progress — the single biggest structural protection Indian real estate buyers have gained in the last decade. PropTrustee performs this verification independently for every project it lists, and re-checks status at the time of each client transaction.
The investment case rests on three layers. First, the corridor: Dwarka Expressway prices have roughly doubled between 2019 and 2024, and the two largest catalysts — the announced metro extension and the Gurugram Global City — remain ahead, not behind. Second, the micro-market: Sector 106 sits at the Delhi end of the corridor, the premium gateway belt closest to IGI Airport. Third, the asset itself: Elan The Presidential Phase 2 positions in the ultra luxury band of the corridor — its pricing, format, and possession timeline are detailed in the sections above.
On income, comparable assets imply a gross rental yield of approximately 2.5–3.5% per annum for The Presidential, beginning at possession (Dec 2026). For overseas earners, the rupee's historical depreciation of roughly 2–3% per year converts into an additional home-currency return on top of rupee appreciation and yield. No projection is guaranteed — corridor supply is heavy in some segments and timelines can slip — which is why PropTrustee benchmarks each recommendation against at least three alternatives at the same budget before advising a purchase.
Buyers shortlisting The Presidential most often compare it against M3M Elie Saab, Max Estate 361, HERO The Palatial — the closest matches by location, ticket size, or format. Each comparison turns on a different variable: possession timing (earlier delivery compresses risk and starts income sooner), rate per square foot against specification, density and units-per-floor, and the developer's delivery record. Our advisors prepare a side-by-side comparison sheet across these variables for any shortlist; the full corridor inventory is on the NRI Opportunities page, including the ultra-luxury benchmark DLF Privana North for context on where the corridor's ceiling sits.
NRIs and OCIs can buy Elan The Presidential Phase 2 under FEMA's general permission — no RBI approval, no foreign-buyer surcharge, and no cap on the number of residential properties. Funds move through NRE or NRO accounts; the purchase, agreement, and registration can all be executed by a holder of a Limited Power of Attorney in India, so no travel is required at any stage. Home loans of typically 75–80% LTV are available to NRIs from HDFC, ICICI, Axis, and SBI against overseas income documents. On the tax side: TDS applies on purchase consideration (1% for resident sellers above ₹50 Lakh; higher for NRI sellers), rental income is taxable in India with treaty credits available in most countries of residence, and long-term capital gains (2+ year hold) are taxed at 12.5%. Sale proceeds and rent are repatriable — up to USD 1 million per financial year from NRO accounts with CA certification. PropTrustee's in-house CA team executes all of this as standard; see our plans & pricing for the management tiers, and our property management page for what post-possession ownership looks like in practice.
PropTrustee has managed Gurgaon property for NRI owners since 2013. For Elan The Presidential Phase 2, that means: independent RERA and title verification before any money moves; a verified rate card with all charges included; stack-level inventory advice rather than whatever the sales office is pushing; FEMA, TDS, and 15CA/15CB handled in-house; construction-period monitoring with periodic photo and milestone reports; and full management after possession — tenant placement, rent collection, maintenance, and NRE/NRO remittance. Start with the enquiry form above, or speak to an advisor directly; current The Presidential availability and pricing are shared within 24 hours.