Realty firm Experion Developers plans to invest over Rs 20 billion to develop a luxury housing project in Gurugram as part of its expansion strategy, according to its CEO, Nagaraju Routhu.

The company will build 540 apartments in the upcoming luxury project, 'The Trillion,' located in Sector 48, Gurugram. Routhu shared with PTI that the total investment for developing the 5.5-acre project would exceed Rs 20 billion.

He mentioned that construction work would commence soon and that the entire project is expected to be completed within 5-7 years.

Routhu also pointed out that demand in the Gurugram market remains strong.

In the initial phase, the company is offering around 180 apartments for sale, with prices ranging between Rs 60-80 million.

Experion Developers has completed nine projects in Delhi-NCR, Amritsar, and Lucknow, while two housing projects in Noida and Gurugram are currently under construction.

The company is a 100 per cent FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings, Singapore.

Experion Developers is part of the Singapore-based AT Capital Group, which has operations in real estate, renewable energy, private & structured credit, and public markets across India, the GCC, Europe, and the US.

In India, the group also manages Juniper Green Energy and Experion Capital, an NBFC specialising in real estate and infrastructure financing.

News source: Business Standard