Experion Developers set to construct upscale residences in Noida and Gurugram
Aims for a revenue target of Rs 6,500 crore.Experion Developers, with strong backing from Experion Holdings of Singapore, has outlined an ambitious strategy to develop high-end residential properties in both Noida and Gurugram. In the forthcoming fiscal year, FY24, the company has committed to investing a substantial Rs 4,700 crore in these projects.
These visionary initiatives are projected to yield an impressive cumulative revenue of Rs 6,500 crore, stemming from three distinct projects that will collectively span an expansive 4.1 million square feet in these two cities situated on the outskirts of the national capital.
For the Noida venture, Experion Developers has allocated Rs 1,400 crore in investment, earmarked for the upscale housing project situated in Sector 45. Simultaneously, in Gurugram, the company has allocated significant financial resources: Rs 1,800 crore for the Sector 48 project and Rs 1,500 crore for the Golf Course Road Sector 42 project, reflecting their commitment to creating exceptional living spaces in both locations.
In pursuit of these ambitious plans, the real estate firm has secured prime parcels of land through auctions, acquiring 5 acres of land in Noida and two plots totaling 9.5 acres in Gurugram. These strategic land acquisitions form the foundation for their vision of crafting luxurious residences in these thriving urban centers.