Elan The Statement works out near Rs 24,010 a square foot, which is 39% above Sohna Road and 2% above Golf Course Road, with possession filed for September 2032.
Written by Mansi Joshi, Marketing Intelligence Lead, ZYN33 Investment Desk. Reviewed by Ritesh Arora, Founder, ZYN33 and Strata Capital Holdings, Gurugram. Advising on Gurugram residential capital allocation since 2023, with mandates ranging from Rs 3 Cr to Rs 50 Cr. Published 21 November 2025. Last reviewed 3 October 2026.
Disclosure: ZYN33 distributes residential projects in Gurugram and is paid a transaction fee when a purchase completes, including on projects we discuss with you. We do not give tax advice. This post is general information. Take it to your chartered accountant.
Elan The Statement asks about Rs 24,010 a square foot. Sohna Road prints Rs 17,250. That is a premium of 39% over its own corridor, and 2% above Golf Course Road. Entry is Rs 10.29 Cr and possession is filed for September 2032. The usual write up quotes none of it.
Only if you want the address and can wait six years. Find your row.
|
Your situation |
What to do |
|
Want occupancy before 2032 |
Do not enter, it is a new launch |
|
Rs 10 Cr plus, own use |
Viable, on a ten year view |
|
Want yield |
Sohna Road pays 2.16% gross |
|
Worried about summer heat load |
Ask for the glass SHGC in writing |
|
Told glass lifts resale value |
No published figure supports it |
If this is not you, stop here.
Rs 10.29 Cr to Rs 17.75 Cr, which works out at roughly Rs 24,010 a square foot at both ends of the range. Four bedroom homes run 4,285 to 4,340 square feet and penthouses 7,270 to 7,395.
It is registered as HARERA RC/REP/HARERA/GGM/1022/754/2025/125 on 6.5 acres, with possession filed for September 2032 and the status marked New Launch. Checked at HRERA Gurugram, that registration is current. Note the listing gives both 458 and 380 units. Density is therefore either 70 or 58 homes an acre, so get it in writing.
It prices above the city's benchmark address. Here is the same rate set against published prints.
|
Location |
Rate |
Rent |
Yield |
|
Elan The Statement, Sec 49 |
Rs 24,010 |
not let yet |
nil to 2032 |
|
Golf Course Road |
Rs 23,550 |
Rs 47 |
2.39% |
|
Sector 48, adjacent |
Rs 20,000 |
Rs 31 |
1.86% |
|
Sohna Road corridor |
Rs 17,250 |
Rs 31 |
2.16% |
So a new launch on Sohna Road asks 2% more per foot than ready Golf Course Road stock. That stock collects Rs 47 a foot in rent today. That is the trade.
It depends entirely on the glass specification, and there are numbers for this. India's Energy Conservation Building Code sets limits for the composite climate zone that Gurugram sits in.
Maximum U-factor is 3.3 watts per square metre per degree Celsius. Maximum solar heat gain coefficient is 0.25 where glazing covers under 40% of the wall, tightening to 0.20 between 40 and 60%. Minimum visible light transmittance runs from 0.27 down to 0.13. Those are the figures that answer the question, and glass facade architecture coverage almost never cites them.
No, and this is the part nobody mentions. The Energy Conservation Building Code applies to non-residential buildings only. The thresholds are a connected load of 100 kilowatts, a contract demand of 120 kVA, or 1,000 square metres built up.
A residential tower therefore falls outside it. The residential counterpart is the Eco-Niwas Samhita, a separate code with its own requirements. So the 0.25 and 0.20 solar gain ceilings are what commercial glass must meet, and a residential glass tower is not bound by them. Ask the developer which code it is being built to.
Cycle Positioning is premiumisation on a corridor growing slowly. Sohna Road rose 1.63% to Rs 17,250 and yields 2.16%, while the adjacent Sector 48 prints Rs 20,000 at 1.86%.
Gurugram also holds roughly 46% of unsold NCR housing stock, near 41,000 units. New launches above Rs 10 Cr enter that market, and the glass is the differentiator being sold.
More in cooling, and you pay it monthly. A larger glazed area raises heat gain, which raises the air conditioning load across a Gurugram summer.
That cost arrives twice: in your own electricity bill, and in the common area charge for cooling lobbies and amenity floors. One Gurugram society's maintenance charge is Rs 7.76 a square foot with GST, which takes about 31% of gross rent in its sector. Our gated community note sets out that arithmetic.
Rates are the published figures above, per square foot, with rent at the corridor's published rate. Illustrative, not guaranteed. A composite illustration, not a client.
Booked here, Rs 10.29 Cr buys 4,285 square feet and collects nothing until 2032. The same money in ready Golf Course Road stock at Rs 23,550 buys 4,369 square feet. Let at Rs 47 that is Rs 2.05 lakh a month.
Over the six years to possession that is about Rs 1.48 Cr of gross rent forgone. Indian delivery also runs 12 to 24 months behind projection, so plan on 2033 or later.
Unproven, and the claim is made without a figure anywhere. No published series separates glass façade projects from conventional ones in Gurugram, so the premium cannot be isolated.
What we can measure is where premiums do attach. A licensed hotel brand carries 91% over its corridor and a strong developer name 71 to 77%. Certification is also commoditising: 59% of Gurugram's office stock is already green certified. Features that most of the market has stop paying. Our LEED value case works through that.
On the specification and the schedule. Ask for the glass unit's U-factor, its solar heat gain coefficient, and the window to wall ratio of your own apartment, in writing. Those three numbers decide whether the glass is an asset or a running cost.
Then confirm which energy code the building follows and the payment schedule across six years. Insist on carpet area, which HRERA Gurugram Regulation 22 of 2021 requires. Verify the registration at the authority rather than a listing page, since one widely used site repeats a single registration number across four unrelated projects.
The 2032 date first, which is six years of instalments with no rent against them. Second, the premium, at 39% over the corridor and above Golf Course Road, which must hold for a decade. Third, cooling load, an unquantified recurring cost. Fourth, the unit count discrepancy between 458 and 380, which changes density materially. Fifth, the corridor, growing 1.63%.
Signal: the U-factor, the solar heat gain coefficient, the window to wall ratio. Then which energy code applies, the possession date, and the premium over the corridor. Six checks and all are obtainable. Noise: the architect's name, which no resale prices. Tower height. Urban identity language. And value claims with no series behind them.
|
Profile |
Budget |
Hold |
Action |
|
Own use, patient capital |
Rs 10.29 Cr plus |
10 yrs |
Book, on the 2032 date |
|
Wants rent now |
Rs 10 Cr |
7 yrs |
Ready Golf Course Rd, Rs 47 |
|
Wants the same road, cheaper |
Rs 3 to 5 Cr |
7 yrs |
Sohna Road at Rs 17,250 |
|
Buying glass for appreciation |
any |
any |
No series supports it |
Walk away if nobody will give you the glass specification. Walk away if 2032 was not mentioned. And walk away if the premium over Golf Course Road was never explained to you.
Price it against the benchmark, not the design. On price, review when Golf Course Road clears Rs 26,000, which would justify today's premium. On event, the resale window opens at possession, not when a tower is clad. On time, hold to 2037, since a 2032 handover needs occupied years before it trades as an address.
Buy Elan Sector 49 for the home, and price the glass honestly. At roughly Rs 24,010 a square foot it asks 39% over Sohna Road and 2% over Golf Course Road. Possession is filed for September 2032.
What does not stand is the architecture argument. No published series shows glass facade architecture adding value in Gurugram. The energy code setting glass performance limits does not cover residential towers, and the cooling load is a recurring cost nobody quantifies. Our Elan investment guide and the Sohna Road verdict set the alternatives.
Strata Capital Holdings tracks price band shifts, infrastructure timelines and inventory movement across Gurugram's corridors. ZYN33 brings that into every allocation conversation.
The project. Elan The Statement, Sector 49 Sohna Road: Rs 10.29 Cr to Rs 17.75 Cr, four bedroom homes of 4,285 to 4,340 square feet and penthouses of 7,270 to 7,395, on 6.5 acres, registration RC/REP/HARERA/GGM/1022/754/2025/125, possession September 2032, status New Launch: 100acress project page, retrieved 3 October 2026. Registration checked at HARERA Gurugram. The Rs 24,010 rate is our calculation from those prices and sizes and holds at both ends. That listing gives the unit count as both 458 and 380, so both are reported.
Energy code. ECBC applicability at 100 kW connected load, 120 kVA contract demand or 1,000 square metres built-up for non-residential buildings, with composite climate limits of 3.3 maximum U-factor, SHGC of 0.25 under 40% window to wall ratio and 0.20 between 40 and 60%, and light transmittance from 0.27 to 0.13: HAREDA, Government of Haryana. The residential counterpart is the Eco-Niwas Samhita, named here without quoting its figures. That page does not confirm Haryana's notification status, which is stated rather than assumed. Market prints. Sohna Road at Rs 17,250 and plus 1.63% with rent of Rs 31 and a 2.16% yield; Golf Course Road at Rs 23,550 with rent of Rs 47 and 2.39%; Sector 48 at Rs 20,000 with rent of Rs 31 and 1.86%: Square Yards Gurgaon rates, data month June 2026. All asking rates, not registered values. Premiums and green share. The 91% and 71 to 77% figures come from our branded homes analysis. The 59% green certified share of Gurugram office stock is CBRE, via Business Standard, 23 July 2026. Unsold stock. Anarock Q2 2026. Carpet area. HARERA Gurugram, Regulation 22 of 2021.
Elan and commercial hubs | Elan architecture | Elan luxury township | What defines true luxury | The Rs 10 Cr line | Branded homes
Disclaimer
This article is general information about tax and property mechanics in India. It is not tax advice, investment advice or a recommendation to buy a specific property, and it does not account for your personal circumstances. Rates, thresholds and deadlines change. Verify every figure against the source listed above and take your liquidation plan to a qualified chartered accountant before you sell anything. ZYN33 distributes residential projects in Gurugram and is paid a transaction fee when a purchase completes. We do not act as your tax adviser or your adviser on the equity side.
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