Experion Developers Acquires Prime Land In Gurugram For Rs 400 Crore

Experion Developers has purchased a 7.81-acre land parcel in Gurugram for Rs 400 crore. The fully FDI-funded company plans to develop a 3 million square feet real estate project. This follows its recent investment of Rs 1,500 crore in a luxury housing project in Noida.

Experion Developers, a fully FDI-funded real estate firm, has successfully acquired a 7.81-acre land in Gurugram for a substantial sum of Rs 400 crore, aimed at developing a significant new project.

This recent acquisition, located in Sector 88A, Gurugram, marks a strategic expansion for the company. The realty firm announced in a statement that this purchase will facilitate the development of approximately 3 million square feet of built-up area.

In a notable move earlier this year, Experion Developers revealed plans to invest Rs 1,500 crore into 'Experion Elements,' a luxury housing project in Noida, Uttar Pradesh. This project will encompass around 320 housing units, with 160 units already launched in the first phase. The firm currently has ongoing housing, township, and commercial ventures in cities such as Gurugram, Amritsar, Lucknow, and Noida.

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