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The Haryana Shahari Vikas Pradhikaran (HSVP) recently conducted an auction for a 5.5-acre land parcel, which was successfully purchased by Experion Developers, a real estate company backed by Singapore's Experion Holdings Pte Ltd. The acquired land is slated for the development of a luxury residential project.
Experion Developers has previously secured land parcels in prominent locations. They have acquired 4 acres of land on Gurgaon's Golf Course Road and 5 acres in Noida's sector, both through auctions. These acquisitions were transformed into residential projects. The latest acquisition of a 5.5-acre land parcel in Gurgaon's sector 48 through an HSVP auction is valued at Rs. 550 crore.
Experion Developers is a well-known real estate company that offers a wide range of residential and commercial properties across various states in India, including Haryana, Punjab, Uttar Pradesh, Maharashtra, and Tamil Nadu. Their projects encompass townships, group housing, commercial land banks, organized real estate destinations, hotels, and resorts. Their reputation is further bolstered by the backing of Singapore's Experion Holdings Pte Ltd.
Experion Holdings' Indian arm is investing significantly in these projects. Around Rs. 700 crore is being invested in the Golf Course Road project to develop 800,000 square feet, and a similar amount is being invested in Noida to develop approximately one million square feet. The expected combined revenue from both projects is around Rs. 3,400 crore.
In the larger context of land acquisitions in major Indian cities, Delhi NCR, Mumbai, Bangalore, and Hyderabad have seen significant activity. Experion Developers' expansion into these prime locations represents their commitment to contributing to the growth of the Indian real estate industry.
Experion Developers has already made its mark in the Indian real estate landscape and is poised to extend its presence across the country. The company's CEO, Nagaraju Routhu, considers the acquisition of the land parcel a significant milestone that showcases the company's dedication and the continued growth of the Indian real estate sector.
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