Experion Developers (EDPL), a real estate developer backed by Singapore’s Experion Holdings, has recently made significant land acquisitions in the National Capital Region (NCR) for residential and commercial development. The company secured three land parcels through government auctions, amounting to a staggering Rs 1,100 crore, it said in July 2023. This move reflects Experion’s commitment to expanding its operations in the lucrative Gurugram and Lucknow markets.
One of the notable acquisitions includes a 4-acre land plot situated at Golf Course Road in Gurugram. The company acquired the prime location for Rs 400 crore, with plans to develop it into a mixed-use space comprising office and retail projects. The leasable area of this project is expected to cover over two million square feet. Experion also acquired a 5-acre parcel in Sector-45 of Noida at a cost of Rs 250 crore.
The developer plans to invest around Rs 700 crore in the Golf Course Road – Gurugram project. The funds will be used to develop approximately 800,000 square feet of real estate, catering to the growing demand in Gurugram. Simultaneously, Experion will invest Rs 700 crore in Noida to develop approximately one million square feet, further expanding its presence in the NCR region.
Experion Developers is known for its fully foreign direct investment (FDI)-backed ventures and has emerged as a major player in the Indian real estate sector. With the support of Experion Holdings from Singapore, the company has been able to seize lucrative opportunities and deliver high-quality projects. Presently, Experion is actively involved in the development of townships, group-housing projects, commercial landmarks, organized retail destinations, hotels, and resorts across various states in India, including Andhra Pradesh, Delhi NCR, Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh.
The recent land acquisitions in Gurugram and Noida highlight Experion Developers’ strategic vision to tap into the immense potential of the NCR market. As the company continues to expand its footprint in key urban centers, it aims to provide exceptional real estate solutions and contribute to the region’s growth and development.