Real estate developers, Experion Developers acquired approximately 7.81 Acres of land in Sector 88A, Gurugram for an estimated INR 400 Crore. The company intends to develop a real estate project on this land. Experion plans to invest an additional INR 2,000 Crore to build 3 Million-SqFt of luxury homes on this new land parcel.
The project is expected to launch this financial year and they anticipate INR 3,700 Crore in revenue from the project, said BK Malagi, COO at Experion Developers. The company has also acquired five plots worth INR 2,100 Core in the last one-and-a-half years, mainly in Gurugram. They are in the process of launching new projects there.
Also Read: Whiteland to invest INR 5,600 Crore in luxury housing project in Gurugram
Additionally, Experion acquired an anticipated 6-acre land parcel in Sector 53, Gurugram and a commercial plot at Golf Course Extension Road. They also launched a luxury residential project in Noida. This project offers 320 3 and 4-BHK residences starting at INR 4.97 crore.
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