Experion Developers, a 100% FDI-funded real estate developer backed by Singapore's Experion Holdings, has acquired a 5.5-acre land parcel in Gurgaon's Sector 48 through a government auction for approximately Rs 5.50 billion. This marks the company's fourth acquisition in recent months, showcasing its commitment to India's real estate market and growth story.
Land for upscale housing bought via government auction by Experion. Prior acquisitions: 4 acres on Gurgaon's Golf Course Road (Rs 4 billion) and 5 acre in Noida Sector 45 (Rs 2.50 billion), all for residential use. The Indian arm of Experion Holdings Pte Ltd, Singapore, a real estate investing arm of the $2.5 billion AT Holdings group of companies, plans to invest Rs 7 billion on the Golf Course Road project to develop around 800,000 sq ft and Rs 7 billion in Noida to develop about one million sq ft. The company expects revenues of about Rs 34 billion from both projects. Experion is actively developing townships, group-housing projects, commercial landmarks, organised retail destinations, hotels, and resorts across various states in India.
