Eldeco

The Eldeco Group is one of North India’s most established and recognized real estate developers. Founded in 1975 by Mr. S. K. Garg, the group has evolved from a regional player in Agra into a multi-city powerhouse with a significant presence in the Delhi-NCR region and beyond.

1. Corporate Profile & Leadership

Eldeco operates primarily through two main entities, allowing it to maintain a dominant position in different geographic markets:

• Eldeco Housing and Industries Ltd. (EHIL): A publicly listed company (BSE: 523329) that focuses on projects in Uttar Pradesh, particularly in Lucknow and Kanpur, where it has maintained market leadership for decades.
• Eldeco Infrastructure and Properties Ltd. (EIPL): Established in 2000 to spearhead expansion into the Delhi-NCR region and other northern states.

Leadership: The group is currently chaired by Mr. Pankaj Bajaj (Managing Director), an IIM Ahmedabad alumnus who has been instrumental in scaling the company’s operations and diversifying into industrial and luxury segments.

2. Market Presence

Eldeco has a footprint in over 15–20 cities across North India, including:

• NCR: Noida, Greater Noida, Gurgaon, Sonipat, and Panipat.
• Uttar Pradesh: Lucknow, Kanpur, Agra, Bareilly, and Jhansi.
• Other Regions: Ludhiana, Jalandhar, Neemrana, and hill destinations like Kasauli (under their luxury brand Terra Grande).

Strengths

• Timely Delivery: Eldeco is one of the few developers in North India with a strong reputation for completing projects on time.
• Transparency: Being a listed entity (EHIL), it maintains higher transparency standards in its financial and operational dealings.
• Diversity: They aren't just residential builders; their experience in industrial parks and townships provides a stable revenue base.

3. Project Portfolios

The group has delivered over 200 projects spanning more than 60 million sq. ft. of space. Their work is categorized into four main verticals:

Residential

Integrated townships, high-rise condominiums, and luxury villas. Notable projects include Eldeco Live by the Greens (Noida) and Eldeco City (Lucknow).

Commercial

Office spaces, shopping malls, and retail complexes such as Eldeco Centre in Malviya Nagar, Delhi.

Industrial

The Eldeco SIDCUL Industrial Park in Sitarganj, Uttarakhand, spread over 1,200 acres, is a landmark project in collaboration with the state government.

Luxury

Recently launched Terra Grande, focusing on premium vacation homes and luxury villas in scenic locations.

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