Version 1: Singapore's AT Capital plans Rs 10,000 crore more for Experion homes in India

The owner of Gurugram builder Experion Developers says the money will come over 5 to 7 years, with most of it going into land in Delhi-NCR.

Picture a company in Singapore that has already put about Rs 5,000 crore into Indian homes. Now it says it will send in twice that much more. On 22 October 2026, Singapore's AT Capital Group said it plans to invest another USD 1 billion in Indian real estate over the next 5 to 7 years. That is about Rs 10,000 crore.

All of it will flow through one company: Experion Developers, a home builder best known in Gurugram. The next day, The Economic Times ran the news under the headline AT Capital to infuse Rs 10,000 crore in Experion Developers. Here is what that means, in plain words.

Who are AT Capital and Experion?

AT Capital is a Singapore-headquartered investment group founded by Arvind Tiku. It has money in many things: trading, natural resources, clean energy, real estate, hotels and lending.

Experion Developers is its home-building arm in India. Think of AT Capital as the parent and Experion as the child who runs a shop in India. Experion is part of the AT Capital Group through a Singapore company.

Experion started in India in 2006. Since then it has taken up 12 projects across Gurugram, Noida, Lucknow and Amritsar, covering about 11 million square feet of built-up space. In the past five years alone, it has handed over more than 3,000 homes and plots.

What does "infuse" money mean?

To infuse money simply means to pour it in. Picture a parent who owns a samosa stall run by their child. The parent adds Rs 10,000 so the child can buy a bigger kadhai and a second gas stove. The stall can now make more samosas and sell to more people.

That is what AT Capital is doing, on a giant scale. It is the owner, and it is adding fresh money so Experion can buy land and build more homes. Money that an owner puts in like this is often called equity. It is not a loan from a bank. Nobody sends a monthly EMI back for it. The owner gets paid only if the business does well.

So far, AT Capital has put in about USD 500 million, or Rs 4,740 crore, into India since 2006. The new plan is about twice that amount, spread over the next few years.

A big number counting up to Rs 10,000 crore, with a small blue bar for money already put in and a taller red bar for the new plan — The new plan is about twice what AT Capital has put into Indian homes so far.

Where will the money go?

Most of it will go into land. B K Malagi, vice chairman of Experion, told reporters that around 60 to 70 per cent of the money is likely to go into buying land for future projects.

Why land first? Because a builder cannot build without it. It is like a cricket academy that first needs a ground before it can coach anyone.

The company wants to stay focused on Delhi-NCR, the big area around Delhi that includes Gurugram and Noida. It will also look at opportunities in smaller tier 2 cities. Experion says it buys most of its land through government auctions, so that buyers do not have to worry about fights over who owns the land later.

Four steps: AT Capital in Singapore sends money, Experion in India receives it, about 60 to 70 percent goes to buying land, and new homes come up mostly in Delhi-NCR — From Singapore to a plot of land in Delhi-NCR, in four simple steps.

A quick sum helps. If Rs 10,000 crore were spread evenly over 5 years, that would be Rs 2,000 crore a year. Over 7 years, it would be about Rs 1,430 crore a year. The companies have not said exactly how the money will be split year by year.

Why is a Singapore group so keen on Indian homes?

The simple answer: people are buying. Experion's sales bookings in 2025-26 were Rs 3,700 crore, against Rs 2,200 crore the year before. That is a jump of Rs 1,500 crore in one year.

A sales booking is like a pre-order. When a buyer books a flat, they promise to buy it and pay in parts while it is being built. So bookings show how many people said yes.

Two bars: Rs 2,200 crore of sales in 2024-25 in blue and Rs 3,700 crore in 2025-26 in red — Experion's home sales bookings rose by Rs 1,500 crore in a year.

One launch shows the demand. At Experion Saatori, in Sector 151 on the Noida-Greater Noida Expressway, the company says it sold around 400 homes worth about Rs 1,800 crore at launch. Divide one by the other and that is about Rs 4.5 crore per home on average.

These are not cheap flats. Experion's homes are mostly premium and luxury, with many priced above Rs 5 crore. Another 13 million square feet of its projects are still being built.

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What is "patient money"?

Experion's leaders kept using one idea: patient money. Priyamvada Navet, deputy CEO, said AT Capital has been "deploying patient capital for nearly two decades".

Patient money is money that is not in a hurry. A bank loan comes with dates and interest, so a builder may rush to finish and sell. An owner who is willing to wait does not push as hard. Malagi said working without lender deadlines means the company never has to speed up a project artificially.

Is a stock market listing coming?

Maybe, but not soon. AT Capital has a medium to long term plan to list Experion on the stock exchanges through an IPO. An IPO, or initial public offer, is when a private company sells its shares to the public for the first time. It is like a family shop letting outsiders buy a small part of it. No date has been given.

The group has done this once already in India. Its clean power company, Juniper Green Energy, is listed on the stock exchanges.

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Why should a young reader care?

Money from abroad that comes in to build homes pays for land, cement, steel and the many workers on a building site. AT Capital says it remains bullish on the demand for luxury homes in India. Bullish simply means hopeful that things will go up.

For most first-jobbers, a Rs 5 crore flat is far away. But plans like this shape the cities many young people move to for work, like Gurugram and Noida. Watch the land deals Experion makes over the next few years. They will show where this money really lands.

As it was first published

Singapore's AT Capital plans Rs 10,000 crore more for Experion homes in India