Experion Developers, the Indian subsidiary of Singapore's Experion Holdings Pte Ltd, has been aggressively expanding its footprint in the premium residential market of Gurugram. The company has acquired a 7.81-acre plot at Dwarka Expressway for INR 400 crore, with plans to invest an additional INR 2,000 crore to build 3 million square feet of luxury homes. In the last one-and-a-half years, Experion has acquired five plots worth INR 2,100 crore, primarily in Gurugram, where it is launching new projects. The company's latest acquisition in Sector 88A is expected to generate a revenue of INR 3,700 crore. Experion's strategy of strategic land acquisitions and luxury project development aims to capitalize on the flourishing demand for premium residential properties in the region.
Experion Developers, the Indian subsidiary of Singapore's Experion Holdings Pte Ltd, has acquired a 7.81-acre plot at Dwarka Expressway in Gurugram for INR 400 crore. This acquisition aims to capitalize on the thriving market for premium residential properties. The company plans to invest an additional INR 2,000 crore to develop 3 million square feet of luxury homes on this new land parcel.
In the last one-and-a-half years, the wholly owned Indian subsidiary has acquired five plots worth INR 2,100 crore, primarily in Gurugram, where it is in the process of launching new projects.
The latest acquisition is located in Sector 88A, Gurugram, and the company expects to launch the project in the current financial year. Experion Developers anticipates a revenue of INR 3,700 crore from this project, as stated by BK Malagi, the company's COO.
The company's recent acquisitions include a 4-acre plot on Golf Course Road in Gurugram for INR 400 crore, a 5-acre parcel in Noida's Sector 45 for about INR 250 crore, a 5.5-acre parcel in Gurugram's Sector 48 for about INR 550 crore, a 6-acre land parcel in Gurugram's Sector 53 for INR 450 crore, and a commercial plot at Golf Course Extension Road, Gurugram, acquired through the insolvency process for INR 450 crore.
Experion has also launched a luxury residential project in Noida, offering 320 3- and 4-BHK residences with a starting price of INR 4.97 crore.
Experion Developers' ambitious expansion in Gurugram's premium residential market underscores the company's confidence in the sustained growth of this segment. By acquiring strategic land parcels and investing in the development of luxury homes, Experion is positioning itself as a key player in the region's high-end real estate landscape. As the company launches its new projects, it will be closely watched by industry observers to see how its aggressive growth plans unfold in the coming years.
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