Experion Capital, a banking financial company (NBFC) is making its first investment, in India by offering ₹200 crores in project financing for Vatika Groups’ esteemed luxury residential project, Sovereign Park situated in Gurugram. This investment includes refinancing well as support for the ongoing construction showcasing Experions growing presence, in the Indian real estate industry.
Singapore-based real estate AT Capital firm and NBFC firm Experion Capital has made its first investment in India by providing ₹200 crores as project finance for Vatika Group’s prestigious luxury residential project, Sovereign Park, located in Gurugram.
According to three reliable sources familiar with the matter, the investment comprises a term loan that will aid in partially refinancing the current lender, with the remaining amount directed toward the ongoing construction.
The Sovereign Park project is strategically situated on a 10.5-acre land parcel along the Dwarka Expressway. Once completed, it is expected to boast an impressive 1 million sq ft of residential space and will be developed in two distinct phases. At present, the construction of the first phase is already underway, signaling the project’s progress.
For the deal, property consultant CBRE played a vital role as the transaction advisor. However, despite attempts to seek clarification, an email sent to Experion Capital, Vatika Group, and CBRE remains unanswered as of the time of this press release.
Experion Capital, a 100% FDI-funded real estate developer, is backed by Singapore’s Experion Holdings. The firm’s subsidiary actively acquires land and undertakes both residential and commercial projects. Recently, they invested a whopping ₹1,100 crore to procure three land parcels in the NCR region, with the aim of developing exceptional residential and commercial properties.
Initially focusing on Gurugram and Lucknow, the Indian arm of Experion Holdings has now broadened its horizons by extending financial support to projects of other developers as well, solidifying its position in the real estate market.
