Experion Developers buys Prime Land in Noida-Invests Rs.1000 crore in Housing Project

Experion Developers, a fully owned subsidiary of Experion Holdings, Singapore, and a real estate developer with 100% FDI funding, has purchased valuable property in Sector 151, Noida, and plans to invest almost Rs.1000 crore in a new housing complex there.

According to the business, Sector 151, which is located along the Noida-Greater Noida Expressway, is quickly becoming a popular location for upscale residential constructions.

Another project by Experiment Elements is located in Noida's Sector 45. According to the firm, Phase 2 of the project is gaining significant traction, while Phase 1 has already sold out.

The top nine cities had a 9% drop in housing sales, reaching around 4.7 lakh units. According to a research by PropEquity, a real estate data analytics firm listed on the NSE, new supply decreased by 15% to 4.11 units in 2024 as a result of two-quarters of underactivity brought on by the monsoon and general elections.

According to the data, Delhi-NCR's house sales rose 5% to 43,923 units last year from 41,678 units in 2023.

Nagaraju Routhu, CEO, Experion Developers says, “The overwhelming response to Experion Elements in Sector 45 clearly demonstrated the strong demand for premium residences in Noida. Our acquisition in Sector 151 is a direct response to this demand, reflecting our belief in the continued growth of the Noida market”.

"This investment allows us to further our commitment to developing exceptional projects that exceed expectations and set new benchmarks for luxury living," he added.