A leading real estate company that provides luxurious residential and commercial properties, flats, apartments and villas in Gurgaon, Experion Developers has completed five land acquisitions worth Rs. 2,100 crore and forecasts to launch projects with a sale value of over Rs. 10,000 crore next year.
The acquisitions of Experion Developers consist, four acres of land in Gurugram's Golf Course Road purchased for Rs. 400 crores; five acres in Noida's Sector 45 purchased for about Rs. 250 crore; five acres in Sector-48, Gurugram acquired for about Rs. 550 crore; six acres of land in Sector-53, Gurugram acquired for Rs. 450 crore; and a commercial land parcel on Golf Course Extension Road acquired through the insolvency process for about Rs. 450 crore.
Experion plans to begin projects in all five land parcels, as well as acquire additional land in the NCR and other cities. It plans to start with the Noida project, which would be carried out in two stages. The business owns land tracts in Panipat, Goa, and Amritsar that it intends to develop at a later time. The company has three projects in Gurugram and one in Noida, and it is getting ready to start at least four.
Furthermore, by catering the particular needs and prospects in each region, this multi-pronged plan enables an expanded range across many locations. Locales including Andhra Pradesh, the Delhi-National Capital Region (NCR), Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh, Experion is building townships, group housing projects, commercial landmarks, organized retail destinations, hotels, and resorts. In FY24, it hopes to accomplish the target of revenue Rs. 1,000 crore.
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