Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
Experion Developers, backed by Singapore's Experion Holdings, has made strategic land acquisitions in the NCR region to fuel its ambitious residential and commercial development plans. With a total investment of Rs 1,100 crore, the company secured three prime land parcels. The first acquisition is a 4-acre plot on Golf Course Road in Gurgaon, obtained for Rs 400 crore. Situated in a sought-after location, it promises immense potential for upscale residential development. Another 5-acre parcel in Noida's Sector 45 was procured for Rs 250 crore, further expanding Experion's footprint in the region.
To augment its commercial offerings, Experion also acquired a prized land parcel on Golf Course Extension Road. This parcel, obtained through the insolvency process, offers a vast development potential of around 1.1 million square feet. The acquisition cost of this commercial hub was Rs 450 crore, with an additional investment of Rs 250 crore earmarked for its transformation. Experion Holdings, the Indian arm of Experion Holdings Pte Ltd. in Singapore, has primarily focused on the Gurugram and Lucknow markets. The Golf Course Extension Road project, which received approval from the committee of creditors and NCLT, will be a mixed-use development with office and retail spaces spanning up to 2 million square feet.
Experion Developers is poised to make a significant impact on the real estate landscape with its visionary projects. The company plans to invest Rs 700 crore in developing approximately 800,000 square feet on Golf Course Road, creating an exceptional blend of luxury and lifestyle. Additionally, Rs 700 crore will be allocated for the development of around one million square feet in Noida, offering residents an unparalleled living experience. The company expects to generate revenue of approximately Rs 3,400 crore from these projects.
With a steadfast focus on the NCR market, Experion Developers aims to establish itself as a leading force in the real estate sector. Once its targets for projects and areas have been achieved, the company envisions exploring opportunities beyond the region, spreading its wings to new horizons. Experion Developers, a subsidiary of Experion Holdings Pte Ltd., Singapore, possesses a rich portfolio of townships, group-housing projects, commercial landmarks, retail destinations, and hospitality ventures. These projects span across Andhra Pradesh, Delhi NCR, Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh, showcasing Experion's commitment to creating exceptional living spaces.
The recent surge in land acquisitions signifies the industry's vibrant growth. Over the past two years, land acquisition activities have been on the rise, with a notable increase after January 2021. Delhi-NCR and Mumbai have emerged as hotspots for developers and foreign investors, attracting 60 percent of the total investment in land acquisitions. Delhi-NCR attracted $3.8 billion for 1,760 acres in 67 deals, while Mumbai secured 960 acres in 73 deals. Bangalore and Hyderabad have also garnered significant attention, cementing their positions as key destinations for real estate development.
Experion Developers' strategic land acquisitions showcase their commitment to expanding in the NCR and delivering exceptional projects, redefining luxury living. With a visionary approach, they are set to reshape the real estate landscape and create awe-inspiring destinations.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
