Experion Developers has acquired a six-acre land parcel in Gurgaon's Sector 53 for about Rs 400 crore through an auction. The company, along with other real estate developers like Godrej Properties, Eldeco Group, and Ashiana Housing, has been acquiring land through government auctions for residential development in Gurgaon. Experion Developers, the Indian arm of Experion Holdings Pte Ltd, Singapore, expects to generate revenue of about Rs 3,400 crore from these projects. Delhi-NCR and Mumbai have seen significant investments in land acquisition for real estate development.
