Experion Developers, a property developer, has bought a 5.5-acre plot in Sector 151, Noida, for Rs 450 crore, a senior company executive said. The company plans to invest an additional Rs 700 crore to develop a luxury home project on this land.

In the past 18 months, Experion, the Indian subsidiary of Singapore's Experion Holdings Pte Ltd, has bought six plots worth Rs 2,500 crore, mostly in Gurugram. It is also preparing to launch new projects in these areas.

Nagaraju Routhu, CEO of Experion Developers, said, "The strong response to our previous project Experion Elements in Noida showed the high demand for premium homes in the city. Our new acquisition in Sector 151 is a direct response to this demand and reflects our belief in the growth of the Noida market."

Experion's recent land acquisitions include a 4-acre plot on Golf Course Road in Gurugram for Rs 400 crore, a 5-acre plot in Noida's Sector 45 for Rs 250 crore, a 5.5-acre plot in Gurugram’s Sector 48 for Rs 550 crore, and a 6-acre plot in Gurgaon’s Sector 53 for Rs 450 crore. The company also acquired a commercial plot on Golf Course Extension Road in Gurugram through the insolvency process for Rs 450 crore.

Additionally, Experion owns land in Amritsar, Goa, and Panipat, which it plans to develop in the future. Experion is working on townships, group housing projects, commercial buildings, retail centers, hotels, and resorts in various states, including Andhra Pradesh, Delhi NCR, Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh.