The company, a wholly owned subsidiary of Experion Holdings Pte Ltd, Singapore, will develop around 320 housing units in this 4.7-acre project at Noida in Uttar Pradesh.
Godrej Properties: Experion Developers, the Indian arm of Experion Holdings Pte Ltd, Singapore, expects to generate revenue of about Rs 3,400 crore from these projects. Delhi-NCR and Mumbai have seen significant investments in land acquisition for real estate development.
Experion Developers has acquired a six-acre land parcel in Gurgaon s Sector 53 for about Rs 400 crore through an auction. The company, along with other real estate developers like Godrej Properties, Eldeco Group, and Ashiana Housing, has been acquiring land through government auctions for residential development in Gurgaon. Experion Developers, the Indian arm of Experion Holdings Pte Ltd, Singapore, expects to generate revenue of about Rs 3,400 crore from these projects. Delhi-NCR and Mumbai have seen significant investments in land acquisition for real estate development.
Experion Developers, a 100% FDI-funded real estate developer backed by Singapores Experion Holdings, has acquired a land parcel in Gurgaon s Sector 48, through a government auction valued at approximately Rs 550 crore. This is the fourth acquisition by the company in recent months. The company has plans to develop a luxury residential project on the land acquired.
The acquisitions include a 4-acre land plot on Golf Course Road in Gurgaon for INR 400 crore and a 5-acre parcel in Noida s sector 45 for INR 250 crore, both earmarked for residential development. Experion also acquired a commercial land plot on Golf Course Extension road via the insolvency process, with a development potential of around 1.1 million sq ft.