Hero Realty to Invest 1000 Crores in Mohali
Hero Realty Projects, the leader in real estate industry of India, is all set to invest Rs. 1000 Cr in a residential development at Mohali. The project spans over 18.5 acres of lush green area. Hero Group has won the residential project in an auction. The developer is all set to uplift the housing trends over the few months to come. The Hero Corporate Service Ltd stated that the developer is all set to develop over 1250 residential units in an emerging project. According to the company, they bid for around Rs. 181 Cr for the site in an auction by the GMADA (Greater Mohali Area Development Authority). Hero Reality, the subsidiary of Hero Group, will develop this project.
Mr. Yogesh Verma, CEO, Hero Realty, stated that they are planning to deliver the project by investing around Rs. 1000 Cr after the launch of the project. Punjab is one of the most promising destinations for this project, according to the developer. According to him, the site is located at Sector 88. The project is expected to add more value to Mohali. The company is looking forward to target the residential housing and the developer is all set to construct over 1250 residential units in all sizes and types. Hero Group has the vast staff-base of 30000 employees and enjoys the revenue of whopping 5m dollars and has well-recognized stakeholders.
Hero Group is also the owner of several diverse business sectors coming from different areas, such as insurance distribution, training, knowledge processing, infrastructure development and auto components. The company is fueled by the passion and aspiration in delivering the best in the market of real estate under the Hero Corporate Service Ltd. By taking in mind the rapid industrial growth in Punjab, the developer Hero Realty has planned this project in Mohali.
Along with this project, the developer has also introduced world-class residential townships and IT parks for fulfilling the diverse needs of mid-sized and large customers. The developer is also leading in Uttarakhand due to its rapid industrializations. The industrial parks developed by Hero Realty have world-class infrastructure with storm water drainage, ample lighting and internal roads.