Category: News

Experion Developers, the Indian arm of Singapore’s Experion Holdings Pte Ltd, is targeting a revenue of Rs. 5,000 crore for the financial year 2025-26, more than doubling its FY25 revenue of Rs. 2,200 crore, according to a senior company executive.

The firm has recently launched projects in Gurugram’s Sector 48 and Sector 112, and is also offering a high-end luxury development, One42, located along Golf Course Road. In a notable move earlier this year, Experion acquired a 5-acre plot in Sector 151, Noida, for Rs. 450 crore, with plans to launch a project on this site within the ongoing financial year.

“We are experiencing strong year-on-year sales growth, supported by a robust pipeline of acquisitions over the past few years. We continue to explore new opportunities in Noida and Gurugram and are focused on building a rental portfolio,” said Mr. B.K. Malagi, Vice Chairman of Experion Developers.

As part of its ongoing development strategy, Experion has also appointed Tata Projects Ltd (TPL) as the primary contractor for The Trillion, a major residential project in Sector 48, Gurugram. With a value exceeding Rs. 800 crore, The Trillion will offer 2.5 million square feet of space across two towers, each rising to 45 floors.

“We are excited to partner with Tata Projects, marking a significant step in our commitment to creating sustainable, world-class residential communities. With an overall investment of around Rs. 2,500 crore, The Trillion will set new standards in high-rise living,” said Mr. Malagi.

In recent years, Experion has acquired multiple land parcels worth over Rs. 3,000 crore, primarily in Gurugram, where several new projects are in the pipeline. The developer also holds prime land in Amritsar, Goa, and Panipat, which it intends to develop in the near future.

Experion is actively involved in the development of townships, group housing projects, commercial landmarks, retail destinations, as well as hotels and resorts in key regions across Andhra Pradesh, Delhi NCR, Goa, Haryana, Maharashtra, Punjab, Tamil Nadu, and Uttar Pradesh.

Gurgaon: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has been entrusted with a major task, upgrading Pataudi Road in preparation for the upcoming Global City project. The road, which spans a 6 km stretch connecting several residential and industrial areas, has long been a source of civic concern due to its poor condition. With open drains, overflowing wastewater, and a muddy, broken surface, the road has caused significant inconvenience for daily commuters. Additionally, the dilapidated state of the road has contributed to worsening air quality, as dust and vehicular emissions add to the pollution levels in the area.

Despite numerous complaints, no significant repair work had been undertaken in the past few years by the Municipal Corporation of Gurgaon (MCG). Initially, HSIIDC had planned to focus on upgrading only the section of Pataudi Road near the Global City site as part of its ongoing infrastructure development efforts. However, following a recent review, the government decided that the full stretch of the road, currently under MCG’s jurisdiction, should be included in the upgrade.

An HSIIDC official confirmed the decision, saying, “We initially planned to upgrade only the part of the road near the Global City. But now, the government has instructed us to develop a comprehensive upgrade plan for the entire stretch.”

The project is in its early stages, with a preliminary survey already completed. The next step will be hiring a consultant to design a detailed scheme for the road’s strengthening and widening. The official explained, “We are evaluating the available right of way (ROW), which ranges from 23 to 30 meters. Based on this, we will finalize the design, which will also include improvements to the sewerage and drainage systems. In some areas, the sewer lines already exist, while in others, they will need to be installed.” The consultant will prepare an integrated plan that covers the entire stretch of the corridor.

The cost of the project will be shared between HSIIDC and MCG. A senior MCG official also confirmed the shift in responsibility, stating, “The government has decided that HSIIDC will now manage the entire upgrade. The original plan for partial redevelopment has been expanded to include the full stretch of Pataudi Road.”

Earlier this year, MCG had announced a ₹34 crore plan to redevelop Pataudi Road as a model corridor, but the project failed to get off the ground. With the government’s latest directive, HSIIDC will now take charge of the road’s upgradation, incorporating it into the broader infrastructure planning for the Global City project.

Spanning nearly 1,000 acres near the Dwarka Expressway, the Global City project aims to be a world-class mixed-use urban hub, combining residential, commercial, and institutional spaces. Pataudi Road, as a key access route to the site, will play a vital role in ensuring smooth connectivity once the project is up and running.

M3M India has announced its grand vision for Gurgaon with the launch of the Gurgaon International City (GIC), a massive 150-acre integrated urban development along the Dwarka Expressway Link Road. This landmark project, which will eventually expand to nearly 200 acres, is set to receive an investment of ₹7,200 crore and aims for an estimated revenue of ₹12,000 crore. GIC marks M3M’s ambitious foray into the integrated township sector, complementing its established reputation for luxury residential and commercial spaces.

Designed as a Live-Work-Unwind ecosystem, GIC will blend residential, commercial, industrial, and recreational zones into a self-sustained, modern urban community. The first phase of the development will cover 50 acres, featuring 300 RERA-approved plots dedicated to data centers, innovation hubs, electric vehicle (EV) hubs, retail spaces, and premium homes. Its strategic location near NH-48, the Delhi International Airport, and major expressways adds to its connectivity, while its proximity to natural attractions like the Aravalli Range, Sultanpur Bird Sanctuary, and the Adani Logistics Park ICD enhance its appeal.

Mr. Pankaj Bansal, the Promoter of M3M India, expressed, “GIC is not just a city; it’s a forward-thinking vision for India’s urban evolution. We are crafting a world-class destination designed to foster innovation, while providing sustainable and human-centric living for residents.”

The master plan incorporates green mobility, low-carbon infrastructure, and a Forest Living concept that integrates shaded boulevards, walking paths, and landscaped recreational zones to encourage ecological balance and well-being. GIC will house clean industries and advanced manufacturing hubs that align with India’s digital and industrial policies, contributing to the nation’s growth trajectory.

As the development landscape of North India continues to evolve, GIC offers a modern alternative to traditional industrial zones such as MET City in Jhajjar, presenting a tech-forward, environmentally conscious model of integrated living.

Haryana is set to transition to a completely paperless land registration system beginning November 1, 2025, with physical documents and manual verifications being phased out across all tehsils. Under the new system, property deeds will only require digital signatures, a move aimed at eliminating issues like tampering, forgery, and the loss of files.

The announcement was made by Sumita Misra, Haryana’s Financial Commissioner (Revenue), during a meeting with deputy commissioners to assess the progress of the state’s digital reforms in land and revenue administration. Misra described the shift as a “new chapter” in transparent and citizen-friendly governance, marking Haryana’s complete digital transformation in land records management.

To ease the transition for the public, the government has allowed stamps purchased before November 3 to remain valid until November 15, 2025, under the new system. In addition, witnesses can now be digitally modified if necessary, Misra explained.

Tehsildars, naib tehsildars, and registration staff have been directed to complete the registration of user accounts on the revenue department’s online portal without delay. Misra also revealed that the government has set a deadline to resolve all pending property mutation cases by the end of this week. The state is reviewing the current 10-day mutation verification rule and will soon introduce an auto-mutation system starting November 25, aimed at automatically recording ownership transfers to prevent delays and disputes.

A key component of this reform is the complete ban on manual collection of registration fees. All payments will now be processed exclusively through the official e-governance payment gateway, ensuring greater transparency and accountability. Deed writers have been instructed to stop manually drafting documents, as only digitally generated deeds from the official portal will hold legal validity. These digital deeds will be automatically verified against land records and signed by the relevant authorities, ensuring accuracy and security.

Misra further directed officials to update and verify all 7A land record numbers and court stay orders in the central system by the upcoming Friday to maintain data integrity. Furthermore, the government will only accept land demarcation requests via the online portal, effectively ending offline submissions. The demarcation process will utilize GPS-enabled rover technology for accurate measurements, with approvals granted by circle revenue officers and kanungos.

The fee structure for land demarcation has been designed to remain affordable, with charges set at ₹1,000 plus ₹500 per additional acre in rural areas and a flat fee of ₹2,000 in urban areas.

Delhi-NCR real estate market witnessed introduction of 10,245 new housing units in Q3 2025, marking a 12% increase from the previous quarter, though still 37% lower compared to the same time last year. Gurugram dominated the luxury housing segment, accounting for 87% of new luxury launches in the region during this period, according to a recent report by Cushman & Wakefield.

The weighted average price for newly launched properties during this quarter was approximately ₹15,175 per square foot, reflecting a 30% rise from the previous quarter. However, it was 3% lower compared to the same quarter last year. High-end residential areas in NCR saw annual capital appreciation of 5-6%, with Gurugram and Noida leading the growth, with price increases of 12% and 10%, respectively.

Rental values also saw modest growth. They increased by 1-2% on a quarter-on-quarter basis and 4-6% year-on-year, with Gurugram’s luxury segment experiencing the highest growth at 10%.

Key active submarkets in NCR included New Gurgaon and the Dwarka Expressway, accounting for 23% and 20% of all new launches, respectively. Greater Noida contributed 14%. The market for mid-end properties led the supply with a 51% share of the new launches, followed by high-end (26%) and luxury (22%) projects.

Gurugram’s luxury housing market continues to thrive, with high demand driven by improved connectivity to the IGI Airport, evolving infrastructure, and affordability compared to central Gurgaon. Meanwhile, the Noida region has seen strong momentum, particularly with the expected growth of the Noida International Airport.

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Big Upgrade: 9 Foot Over Bridges and 4 Flyovers on Gurugram-Jaipur Route

In a move to support landowners and developers, the Haryana government has unveiled a new policy that grants easement rights over revenue roads, allowing land parcels on either side of these roads to be linked. Revenue roads, or rastas, are designated pathways in government records that usually connect agricultural fields or villages.

The policy, approved by Haryana Chief Minister Nayab Singh Saini during a cabinet meeting in Chandigarh, allows private landowners to lease land beneath or above these revenue roads. The lease charge will be set at 5% of the agricultural collector rate per square metre annually.

According to a Haryana government spokesperson, the policy aims to facilitate the optimal use of land by enabling seamless access between divided plots. This connection can be achieved through tunnels, ducts, or overpasses, allowing for the uninterrupted laying of essential services like water, sewage, electricity, and gas pipelines. The key condition is that any such construction must be approved by the local municipality.

The policy is applicable only to active revenue roads that are up to 6 karam (approximately 10 metres) wide. It does not apply to defunct roads or those that end within a plot, which are excluded from sale under the state’s land valuation policy introduced in November 2021.

Developers in Gurugram have welcomed this new move, noting that it will significantly benefit various real estate projects. Manjeet Duhan, director of GGanbu Land Pvt Ltd, who recently acquired a revenue rasta in Sector 61 for one of their projects, emphasized the importance of this policy. He explained that although the process to acquire land under a revenue road was available previously, it was complicated and time-consuming. With the new policy in place, developers can now build necessary infrastructure such as tunnels and public amenities more efficiently.

India’s real estate market continues to demonstrate robust growth, drawing significant investor interest through 2025. According to CBRE South Asia Pvt Ltd’s latest Market Monitor Q3 2025- Investments report, total equity inflows reached ₹90,484 crore (US$10.2 billion) between January and September 2025, a 14% increase compared to the same period last year.

In the third quarter alone, equity investments surged 48% year-on-year, totaling ₹33,710 crore (US$3.8 billion). This growth was largely driven by rising demand for land parcels, development-ready sites, and completed office and retail properties.

Notably, over 90% of Q3’s inflows were directed towards land, greenfield projects, and income-generating commercial assets, underscoring continued investor appetite across both development and operational segments. Greenfield developments, particularly in residential, office, mixed-use, data center, and industrial/logistics categories, are expected to remain active into the final quarter of the year and beyond.

Top Investment Destinations

Mumbai led all Indian cities, attracting 32% of total equity inflows, followed by Pune with 18% and Bengaluru with 16%. The data highlights a clear preference for India’s established and emerging urban centers as investment destinations.

Investor Profile and Trends

Developer contributions formed the largest share of inflows at 45%, with institutional investors comprising 33%. This balance reflects a healthy blend of domestic and global capital backing the sector. With a limited supply of core office assets, CBRE anticipates a shift toward opportunistic investments. However, demand for completed office spaces and retail assets is expected to remain dominant through the end of 2025.

Looking ahead, the sector’s broadening asset mix and India’s consistent ability to attract cross-border capital are likely to remain key drivers, supporting continued expansion into 2026 and beyond.

In a significant move to enhance transparency and coordination in the real estate sector, the Ministry of Housing and Urban Affairs launched the Unified RERA Portal during the 5th meeting of the Central Advisory Council (CAC) under the Real Estate (Regulation and Development) Act (RERA), 2016. The event took place at Sankalp Bhawan, New Delhi.

The meeting began with a welcome address by Joint Secretary (Housing), Kuldip Narayan, followed by insights from Secretary Srinivas Katikithala, who reflected on the eight-year journey of RERA’s implementation.

Union Minister of Housing and Urban Affairs, Manohar Lal Khattar, formally launched the portal, rera.mohua.gov.in in the presence of Minister of State Tokhan Sahu, state RERA heads, government officials, industry bodies, and homebuyer representatives. The portal aims to bring all stakeholders under a unified digital platform, promote transparency, and enable knowledge sharing across states and Union Territories.

Calling the launch a “major step” forward, Minister Khattar said the portal would strengthen accountability and empower homebuyers by offering a centralized database of projects. He also urged states and UTs to implement RERA “in letter and spirit” to ensure timely project delivery and citizen protection.

The Council reviewed key progress made under RERA: 35 states/UTs have operational regulatory authorities, 29 appellate tribunals are functional, over 1.5 lakh projects and 1 lakh real estate agents are registered, and nearly 1.47 lakh consumer complaints have been resolved.

A major focus of the meeting was addressing stalled projects. The Council discussed the Amitabh Kant-led committee’s recommendations, already being implemented in Uttar Pradesh, and called for their adoption nationwide. Members emphasized the need for standardized enforcement procedures and a nationwide project database powered by AI tools to monitor risks and improve oversight.

Minister of State, Mr. Tokhan Sahu highlighted the urgent need to revive legacy stalled projects and accelerate grievance redressal mechanisms. The meeting concluded with a strong push for coordinated action across states to uphold RERA’s core objective, protecting homebuyer interests and ensuring project completion.

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To improve road safety and reduce traffic congestion, the National Highways Authority of India (NHAI) has announced a major infrastructure upgrade along the Gurugram-Jaipur stretch of the Delhi-Jaipur Expressway. Under this project, nine new foot over bridges (FOBs) and four flyovers will be constructed at key points on the highway.

The Gurugram-Jaipur section is known for heavy traffic and frequent accidents, especially involving pedestrians. In response, the NHAI has taken the initiative to build FOBs at locations where pedestrians often cross the road, risking their lives.

Locations for the New Foot Over Bridges

A total of 9 foot over bridges will be installed. Each of these FOBs will have both stairs and ramps, making them accessible for all, including the elderly and differently-abled. These will be constructed at:

1. Shikohpur
2. Manesar (near NSG Camp)
3. Binola
4. Rathivas
5. Malpura
6. Jaisinghpurkheda
7. Sidharawali
8. Kharkhara
9. Khajuri
   

Each foot over bridge is expected to cost around Rs.15 crores. 

Four New Flyovers for Smoother Traffic

In addition to the FOBs, four flyovers will be built to ease vehicular movement and reduce bottlenecks on the highway. These will come up at:

• Pachgaon Chowk
• Rathivas
• Near Hero Company in Dharuheda
• Sahlawas

This entire infrastructure plan is part of a Rs.282 crore development project that also includes expansion of service roads and improvement of drainage systems along the expressway. 

Officials hope this move will significantly lower the number of accidents, particularly those involving pedestrians crossing busy roads. The flyovers will help reduce traffic jams, especially in high-density areas like Manesar and Dharuheda. Once completed, this development is expected to make commuting safer and more efficient for thousands of daily travelers between Gurugram and Jaipur.