Experion buys another land parcel in Gurugram worth INR 400 Crore

New Delhi, July 9th, 2024:  Experion Developers, a fully FDI-funded premium real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, today announced the acquisition of a prime land parcel in Sector 88A, Gurugram. This strategic purchase marks a significant expansion of the company’s portfolio in the National Capital Region (NCR). The 7.81-acre plot was acquired through an outright purchase for approximately ₹400 Crore, demonstrating Experion’s commitment to growth in this dynamic market.

The newly acquired land offers immense potential for development, with plans for a built-up area of approximately 3 million square feet. Experion estimates a total development cost of around ₹2,000 Crore for this project, with a projected revenue potential of approximately ₹3,700 Crore.

A spokesperson for Experion Developers, said, “This acquisition aligns perfectly with our growth strategy in the NCR region. We see tremendous potential in Gurgaon’s real estate market, and this land parcel in Sector 88A provides an excellent opportunity to create a landmark development. Experion remains committed to delivering high-quality residential and commercial spaces that meet the evolving needs of modern urban dwellers and businesses.”

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