Hero Realty enters into a JV in Gurugram with Saheb Enterprises

Hero Realty enters into a JV in Gurugram with Saheb Enterprises

Hero Realty, backed by Sunil Kant Munjal’s Hero Enterprise, has signed a joint venture agreement with Saheb Enterprise. This collaboration marks their foray into a new development project in Gurugram.

Project Details:

• Location: Gurugram’s Sector 104, along the Dwarka Expressway
• Land Area: 8 acres
• Project Scope: Construction of housing and commercial complexes, including residential high-rises.
• Planned Development: Approximately 2 million square feet with a projected revenue of Rs 2,000 crore.

Strategic Significance:

• Market Expansion: Hero Realty sees this project as a key driver for their expansion plans, particularly in the Delhi NCR region.
• Financial Growth: The project is expected to contribute to Hero Realty’s ongoing sales growth in the current financial year and solidify its market share and revenue stream.

Confidence and Expertise:

• Dharmesh Shah, CEO of Hero Realty, highlights the Joint Venture/ Joint Development (JVJD) model as a central strategy and expresses confidence in the project’s ability to drive sales growth.
• Saheb Enterprise, led by Lavanya Singh Dinodia, shares her view that this venture will provide premium real estate options in the Delhi NCR region.

Building on a Strong Foundation:

Hero Realty brings experience from completed projects in Ludhiana, Mohali, and Haridwar. Additionally, they boast a successful track record with over 3.25 million square feet of completed construction and another 2.76 million square feet currently underway.

This project signifies Hero Realty’s commitment to expanding its presence in Gurugram and offering valuable real estate options to the Delhi NCR market.

 

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in