NOIDA — Experion Developers, a 100% FDI-funded real estate developer and a wholly owned subsidiary of Singapore-based Experion Holdings Pte. Ltd., has acquired prime land in Sector 151, Noida, and will invest close to ₹1000 crore in a new housing project.
As published by Hindustan Times, Sector 151, located along the Noida-Greater Noida Expressway, is rapidly emerging as a preferred destination for luxury residential developments, the company said.
“The overwhelming response to Experion Elements in Sector 45 demonstrated strong demand for premium residences in Noida,” said Nagaraju Routhu, CEO of Experion Developers. “Our acquisition in Sector 151 reflects confidence in the market’s continued growth. This investment reaffirms our commitment to delivering projects that set new benchmarks for luxury living.”
Experion Elements, the company’s project in Sector 45, has already sold out its first phase, while the second phase is experiencing strong momentum, the developer said.
Housing sales in India’s top nine cities declined 9% to approximately 4.7 lakh units in 2024, while new supply dropped 15% to 4.11 lakh units, according to a report by NSE-listed real estate data analytics firm PropEquity. The report attributed the slowdown to two quarters of reduced activity due to general elections and the monsoon season.
Despite the overall decline, housing sales in Delhi-NCR increased 5% last year, rising to 43,923 units from 41,678 in 2023, the report said.