Experion Developers Plan Projects Worth Sale Value Rs 10,000 Cr Next Year
Experion Developers, the Indian unit of Singapore’s Experion Holdings, plans to launch projects with a sale value of over Rs 10,000 crore next year as it has completed five land acquisitions worth Rs 2,100 crore. The company plans to launch projects in all five land parcels it has acquired recently, in addition to acquiring more land in the NCR and other cities. Company’s recent acquisitions include a 4-acre plot on Golf Course Road in Gurgaon purchased for Rs 400 crore, a 5-acre parcel in Noida's sector 45 acquired for approximately Rs 250 crore, a 5.5-acre parcel in Gurgaon’s sector 48 for approximately Rs 550 crore, a 6-acre land parcel in Gurgaon’s sector 53 for Rs 450 crore, and a commercial land parcel on Golf Course Extension Road obtained through the insolvency process for Rs 450 crore. The company has land parcels in Amritsar, Goa, and Panipat, which it plans to develop later. Experion Developers is building townships, group-housing projects, commercial landmarks, organised retail destinations, hotels, and resorts across Andhra Pradesh, the Delhi-National Capital Region (NCR), Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh. Looking ahead to the financial year 2024 (FY24), we anticipate a substantial increase compared to FY23. The key driver for this growth will be the introduction of new projects into the market. Although precise figures are challenging to forecast due to the inherent uncertainties in the market, we expect a multifold expansion in the top line.
Tags : Experion Developers Golf Course Extension Road Amritsar Goa Panipat substantial increase