Experion Developers, the fully FDI-funded real estate developer backed by Singapore’s Experion Holdings, has acquired three land parcels in NCR for Rs 1,100 crore for residential and commercial development, its CEO Nagaraju Routhu told ET.
Among the acquisitions, a 4-acre land plot situated on Golf Course Road in Gurgaon was acquired for Rs 400 crore, while an additional 5-acre parcel in Experion Noida’s sector 45 was for Rs 250 crore.
Experion Projects, a leading real estate developer in India, has announced a landmark deal to acquire three plots in the National Capital Region (NCR) for Rs. 1,100 crore. This move is expected to be a major boost for the real estate sector in the NCR, which has been witnessing a slowdown in sales in the recent past.
The three plots are located in Noida, Greater Noida and Noida Expressway and are spread across an area of 4 acres. The properties are expected to be developed into 3/4 BHK ultra luxury apartments in the near future. This move marks the entry of Experion Projects into the NCR market, and is likely to boost the real estate sector in the region.
