Elan to invest Rs 550 cr on realty project; ties up with PVR

Realty firm Elan group will invest about Rs 550 crore to develop a mixed-use project in Gurugram and has tied up with PVR Cinemas for superplex with up to 18 screens.

Elan group had bought 7 acres of land last year for about Rs 120 crore to develop a mixed-use project comprising 1.5 million sq ft of built up area.

"We will be developing 7 lakh sq ft of retail area as well as over 500 flats and service apartments in this project.

We have also tied up with PVR Cinemas for superplex," Elan Ltd Director Ravish Kapoor told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)