Experion Developers Bets Big on Gurugram, Plans Rs 2,000 Crore Project

Experion Developers has made a significant acquisition of a 7.81-acre plot on Dwarka Expressway in Gurugram, Haryana, for Rs 400 crore. The company plans to infuse an additional Rs 2,000 crore to develop three million square feet of luxury homes on this land, catering to the growing demand for premium residential properties. Located in Sector-88A, the project is set to launch in the current financial year, with an expected revenue potential of Rs 3,700 crore.

This acquisition is part of Experion's broader strategy to expand its footprint in the luxury housing market. Recently, the company secured several prime plots, including a four-acre plot on Golf Course Road in Gurugram, a five-acre parcel in Sector-45, Noida for Rs 250 crore, a 5.5-acre parcel in Sector 48 for Rs 550 crore, a six-acre land in Sector-53 for Rs 450 crore, and a commercial plot at Golf Course Extension Road, Gurugram through an insolvency process for Rs 450 crore.

In addition to the new acquisitions, Experion has also launched a luxury residential project in Noida. This project offers 320 residences in three- and four-BHK configurations, with prices starting at Rs 4.97 crore, reflecting the company's focus on the high-end market segment.

The strategic acquisition on Dwarka Expressway underlines Experion's commitment to meeting the rising demand for luxury homes in key urban locations. The new development in Gurugram is expected to attract affluent buyers looking for premium living spaces with modern amenities and superior connectivity.

As Experion continues to expand its portfolio, these projects are poised to significantly enhance the company's market presence and cater to the evolving preferences of luxury homebuyers in the region.

News by Rahul Yelligetti