Experion to Invest Rs 20 Bn in New Gurugram Housing Project
Real Estate

Experion to Invest Rs 20 Bn in New Gurugram Housing Project

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

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

Next Story
Real Estate

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Next Story
Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Next Story
Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement