Hero Realty Pvt Ltd (HRPL) promoted by Mr. Sunil Kant Munjal’s Hero Enterprise marks its foray into the Delhi NCR real estate segment by making its first acquisition in Gurugram’s pulsating Sector 85 region
Speaking of the acquisition, Mr. Dharmesh Shah, CEO, Hero Realty Pvt. Ltd. said, “The acquisition marks the entry of Hero Realty into the plotted spaces in the Delhi NCR region. The project will further strengthen our continued sales growth in the current financial year and set the foundation for a significant increase in our market share”.
This land parcel is over 5 acers at a value of Rs. 900 million. India’s Leading International Property Consultant, Cushman & Wakefield was the advisor for the acquisition and facilitated both the buyer and the seller in closing the transaction.
This will be HRPL’s first plotted project and will have immense strategic value, in the back of a bullish run which the realty sector in Delhi NCR is witnessing.
Hero Realty has successfully delivered flagship projects in Ludhiana, Mohali and Haridwar, and this acquisition is one more feather in their cap.
Further commenting on the deal, Hardeep Lamba, MD Capital markets (North & East), Cushman & Wakefield, added, - “Cushman & Wakefield has a strong platform and over the last few years we have leveraged our expertise to conclude some of the biggest deals for the realty sector in Delhi NCR. This transaction will not only make way for a successful project but will also offer superior value to the consumers in one of the most habited micro market of Gurugram with over 30,000 households residing and upcoming infrastructure like cloverleaf flyover connecting Central Peripheral road for easy access to the micro market.”
About Hero Realty
Hero Realty Pvt. Ltd. has completed 3.25 million square feet of construction. In addition, 2.76 million square feet of space are being built out in the best areas of the Delhi-National Capital Region and Punjab. Haridwar also features 230 acres worth of industrial parks. The company has more than 4000 happy customers across these locations.
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