Hero Realty acquires 18,215 sqm land in Greater Noida.

Hero Realty, Hero Enterprise’s real estate subsidiary, purchased an 18,215 sqm land parcel in Sector MU, Greater Noida, during an auction held by the Greater Noida Industrial Development Authority (GNIDA). The property is zoned for residential construction. This is the company’s introduction into the Greater Noida market.

Location advantage

The property parcel is bordered by a 60-metre-wide road that connects to the Noida-Greater Noida Expressway and the Noida International Airport in Jewar, which Prime Minister Narendra Modi opened on March 28. Sector MU additionally benefits from its closeness to the FNG Expressway, potential metro routes, schools, hospitals, and commercial centers.

Rohit Kishore, CEO of Hero Realty, stated that the acquisition in Sector MU occurred at a time when the Jewar airport was poised to redefine the region as NCR’s next growth hub, enabling connectivity, economic activity, and real estate appreciation. He stated that it capitalized on the success of the company’s project, The Palatial, in Sector 104, Gurugram, and was consistent with NCR’s infrastructural growth.

NCR Portfolio

Hero Realty has launched The Palatial by Hero Homes in Gurugram’s Sector 104 on the Dwarka Expressway. The project, which spans around 11 acres, includes over 680 residential units as well as retail and leisure services. The company has announced a collaboration with Panasonic Electricals to provide AI-enabled smart homes with indoor air purification technology to The Palatial.

Hero Realty also developed a plotted development vertical, Hero Earth, under which it unveiled The Ark in Sector 85, Gurugram, a 5-acre development with all 77 plots sold. The company has entered the Sonipat market through a partnership with the Spiti Group, offering plots in Sector 33 ranging in size from 1,115 to 1,615 square feet.

Expanding footprint.

Hero Realty is developing more than 60 lakh square feet in NCR, Punjab, Uttarakhand, and Uttar Pradesh. The company has also created 230 acres of industrial parks in Haridwar and more than 80 lakh sq ft of property around India.