Experion Capital Invests INR 2 Billion in Gurugram Luxury Project
Real Estate

Experion Capital Invests INR 2 Billion in Gurugram Luxury Project

Experion Capital, the real estate and infrastructure-focused NBFC (Non-Banking Financial Company) backed by Singapore's Experion Holdings, has announced its inaugural investment in India. According to The Economic Times, the company plans to invest INR 2 billion (Rs 200 crore) into Vatika Group's luxury residential project, 'Sovereign Park,' located in Gurugram.

The project spans a vast 10.5-acre land parcel along the Dwarka Expressway and is set to offer an impressive one million sq. ft. of residential space, developed in two phases. The first phase is already underway, promising a luxurious and upscale living experience.

The investment includes a term loan, providing partial refinancing for the current lender, with the remaining amount dedicated to the ongoing construction process, ensuring smooth progress.

Experion, a 100% FDI-funded real estate developer, has been actively making strides in the Indian market, with a subsidiary focused on acquiring land and developing residential and commercial projects. Recently, the company made headlines by securing three land parcels in the National Capital Region (NCR) for a significant INR 11 billion (Rs 1,100 crore), aiming to expand its footprint in the region.

While Experion Holdings' Indian arm has primarily focused on the cities of Gurugram and Lucknow, this strategic investment marks the company's venture into funding projects of other developers as well. With strong backing from Singapore's Experion Holdings, Experion Capital's entry into India's real estate market is expected to create ripples and bring innovative and top-quality developments to the forefront.

As the luxury residential project, Sovereign Park, continues to take shape, this substantial investment by Experion Capital showcases the company's confidence in India's real estate potential. It also reflects the growing interest of international players in India's burgeoning property market. With the financial backing and expertise of Experion Capital, Vatika Group's project is poised to redefine luxury living in Gurugram. The prime location along the Dwarka Expressway and meticulous planning of Sovereign Park make it a landmark destination for discerning homebuyers seeking opulence and comfort.

As the Indian real estate sector continues to witness renewed interest and investments, Experion Capital's entry into the market signifies a positive outlook and confidence in the country's economic growth prospects. With a focus on delivering top-notch residential and commercial projects, Experion is geared to make a significant contribution to the development and transformation of India's real estate landscape.

See also:
Real estate fund Experion Developers set to acquire Dignity Buildcon
We strongly believe in the potential of the luxury residential space


Experion Capital, the real estate and infrastructure-focused NBFC (Non-Banking Financial Company) backed by Singapore's Experion Holdings, has announced its inaugural investment in India. According to The Economic Times, the company plans to invest INR 2 billion (Rs 200 crore) into Vatika Group's luxury residential project, 'Sovereign Park,' located in Gurugram. The project spans a vast 10.5-acre land parcel along the Dwarka Expressway and is set to offer an impressive one million sq. ft. of residential space, developed in two phases. The first phase is already underway, promising a luxurious and upscale living experience. The investment includes a term loan, providing partial refinancing for the current lender, with the remaining amount dedicated to the ongoing construction process, ensuring smooth progress. Experion, a 100% FDI-funded real estate developer, has been actively making strides in the Indian market, with a subsidiary focused on acquiring land and developing residential and commercial projects. Recently, the company made headlines by securing three land parcels in the National Capital Region (NCR) for a significant INR 11 billion (Rs 1,100 crore), aiming to expand its footprint in the region. While Experion Holdings' Indian arm has primarily focused on the cities of Gurugram and Lucknow, this strategic investment marks the company's venture into funding projects of other developers as well. With strong backing from Singapore's Experion Holdings, Experion Capital's entry into India's real estate market is expected to create ripples and bring innovative and top-quality developments to the forefront. As the luxury residential project, Sovereign Park, continues to take shape, this substantial investment by Experion Capital showcases the company's confidence in India's real estate potential. It also reflects the growing interest of international players in India's burgeoning property market. With the financial backing and expertise of Experion Capital, Vatika Group's project is poised to redefine luxury living in Gurugram. The prime location along the Dwarka Expressway and meticulous planning of Sovereign Park make it a landmark destination for discerning homebuyers seeking opulence and comfort. As the Indian real estate sector continues to witness renewed interest and investments, Experion Capital's entry into the market signifies a positive outlook and confidence in the country's economic growth prospects. With a focus on delivering top-notch residential and commercial projects, Experion is geared to make a significant contribution to the development and transformation of India's real estate landscape. See also: Real estate fund Experion Developers set to acquire Dignity Buildcon We strongly believe in the potential of the luxury residential space

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?