Experion Developers purchased a property lot in Sector 48 in Gurgaon at a government auction for around Rs 550 crore. HSVP is auctioning off the 5.5-acre tract of land. This is the company’s fourth acquisition in recent months.
The land parcel will be used to construct a luxury residential building in Gurugram’s Sector 48. This land purchase represents an important milestone for Experion Developers and highlights the company’s commitment to India’s real estate sector and growth story.
Sector 45 was purchased for Rs 250 crore. Both parcels of land are for residential development and were acquired through government auctions.
Experion Holdings Pte Ltd, a real estate investing arm of the AT Holdings group of companies, plans to invest Rs 700 crore in the Golf Course Road project to construct around 8 lac square feet, as well as Rs 700 crore in Noida to develop roughly one million square feet. Both projects are estimated to generate around Rs 3,400 crore in revenue.
In Andhra Pradesh, Delhi NCR, Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh, Experion develops townships, group housing projects, commercial landmarks, organised retail destinations, hotels, and resorts.
In 67 deals, the Delhi-NCR region receives 3.8 billion to acquire 1760 acres of land, while Mumbai witnesses 73 transactions to acquire 960 acres for the same sum.
Bangalore and Hyderabad were also important cities, accounting for 9% and 7%, respectively, of total land purchase investments.
Experion Capital, AT Capital’s non-banking financial enterprise focusing on real estate and infrastructure based in Singapore, has made its Indian debut by providing Rs 200 crore in project finance for Vatika Group’s luxury residential project in Gurgaon.
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