New Delhi, February 12 Realty firm Experion Developers will invest ₹1,500 crore to develop a housing project in Noida to expand its business.
In a statement on Thursday, the company said it has launched a 5-acre ultra-luxury housing project called 'Saatori' in Sector 151, Noida, comprising approximately 450 units.
"The company plans to invest ₹1,500 crore in the project," it added.
The total built-up area in this upcoming project is 16 lakh square feet. The project is expected to be completed in the next 4-5 years.
Experion Developers is a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore. It develops residential, commercial, and mixed-use projects.
According to real estate consultant PropTiger, which was recently acquired by listed entity Aurum PropTech, housing sales in Delhi-NCR dipped by 13 per cent to 35,711 units last year from 41,029 units in 2024.