Experion Developers Acquires Prime Land in Gurugram Through HSVP Auctions for Rs 520 Crore

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    Experion Developers, the Indian subsidiary of Experion Holdings Pte Ltd, Singapore, has successfully secured two significant land parcels in Gurugram through auctions conducted by the Haryana Shahari Vikas Pradhikaran (HSVP), the state’s urban development authority. The acquisitions include a six-acre plot in Sector 53, valued at approximately Rs 400 crore, and a two-acre plot in Sector 56, which was acquired for Rs 120 crore by TREVOC (The Real Estate Venture of Chawlas), a prominent player in the Spaze group.

    Rising Investments in Land Acquisition

    Delhi-NCR and Mumbai have been experiencing a surge in investments related to land acquisition for real estate development, and Experion Developers is at the forefront of this trend. The Haryana government’s proactive approach in auctioning land has paved the way for new projects in the region. Alongside Experion Developers, other prominent real estate players like Godrej Properties, Eldeco Group, and Ashiana Housing have also made strategic land acquisitions through government auctions in recent months.

    Strategic Expansion and Diversification

    Experion Developers, known for its strategic expansion and diversification, had previously acquired a four-acre land parcel on Gurgaon’s prestigious Golf Course Road for Rs 400 crore and a five-acre plot in Noida Sector 45 for Rs 250 crore. Additionally, they secured a land parcel in Gurgaon’s Sector 48, valued at approximately Rs 550 crore. These land acquisitions primarily target residential development and have been procured through government auctions.

    Experion Developers – A Part of AT Holdings Group

    Experion Developers is the Indian arm of Experion Holdings Pte Ltd, Singapore, which is a real estate investment subsidiary of the $2.5 billion AT Holdings group of companies. The company boasts an extensive portfolio encompassing townships, group-housing projects, commercial landmarks, organized retail destinations, hotels, and resorts. Their presence spans across various states, including Andhra Pradesh, Delhi-National Capital Region (NCR), Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh.

    Emerging Players in the Gurugram Real Estate Scene

    Notably, other players in the real estate market are also making strategic moves. One Group Developers, based in New Delhi, emerged as the successful bidder for a 3486.17 sq m plot in Gurgaon through e-bidding conducted by HSVP, securing it for Rs 57.2 crore. Godrej Properties, on the other hand, has clinched the highest bidder status for two luxury group housing plots in the coveted Golf Course Road micro-market in Gurgaon. These two projects, spanning 2.76 acres and 5.15 acres, are estimated to yield a combined revenue potential of approximately Rs 3,100 crore.

    Eldeco Group, a prominent real estate company, acquired 8.5 acres of land for Rs 165 crore in Gurgaon’s Sector 80 through an auction held by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC).

    Delhi-NCR and Mumbai – Attracting Significant Investments

    The attractiveness of Delhi-NCR and Mumbai in the real estate sector is evident from the substantial investments recorded. In FY 23, Delhi-NCR attracted $3.8 billion across 67 deals for the acquisition of 1,760 acres of land. Simultaneously, Mumbai recorded 73 deals for acquiring 960 acres, amounting to a similar investment figure.

    In conclusion, Experion Developers’ strategic land acquisitions in Gurugram signify the company’s commitment to expanding its presence in the thriving real estate market. With a diverse portfolio and strong financial backing from Experion Holdings Pte Ltd, they are well-positioned to contribute significantly to the development of the region’s real estate landscape.

    Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to conduct their research and consult with relevant experts before making any real estate investments.

    Also Read: Experion Developers Set to Transform Noida and Gurugram with Rs 4,700 Crore Luxury Housing Projects

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