Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr

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Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr - Business Standard

Quick Summary:

The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram."The 7.81-acre plot was acquired through an outright purchase for approximately Rs 400 crore," Experion Developers said in a statement.

In April, the company had said it would invest about Rs 1,500 crore to develop a luxury housing project 'Experion Elements' in Noida as part of its expansion plans amid a sharp rise in demand for residential properties.

Realty firm Experion Developers has acquired a 7.81-acre land in Gurugram for Rs 400 crore to develop a real estate project.