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.
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.
