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Hero Realty to partner with land owners in NCR financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Hero Realty Pvt Ltd has formed a new joint venture with Saheb Enterprise to develop a premium residential complex in Gurgaon. This is the second collaboration between the two companies, with the new project set to increase their land holdings to 11 acres. Hero Realty plans to launch real estate projects covering 4 million square feet this year, with an estimated revenue potential of Rs 3,500 crore. ....
This is the second joint venture by Hero realty with the same company. In April 2023, both the companies had entered into JV to develop an approximately 2 million square feet targeting revenue of Rs 2000 crore. ....
Hero Realty Pvt Ltd plans to launch real estate projects with an expected revenue of Rs 3,500 crore in this financial year, according to its CEO, Dharmesh Shah. The company aims to invest Rs 1,000-1,200 crore, focusing on residential development, with an eye on achieving annual sales of Rs 5,000-6,000 crore in the next two years. The company is also considering an initial public offering (IPO) in the next 3-4 years. In addition, Hero Earth, a new vertical, will specialise in plotted developments across Delhi-National Capital Region, beginning with a project in Gurgaon s Sector 85. ....