Hero Realty Buys 8.7-Acre Plot in Mohali for Rs. 262 Cr

Hero Realty, through its subsidiary Vikas Parks, has acquired 8.71 acres in Mohali’s Sector 99 via a GMADA auction for Rs. 262.75 crore, further consolidating its presence in the Tricity real estate market.

The land parcel will be developed into a new residential project, aligning with the company’s expansion strategy and commitment to offering high-quality housing in Punjab. Hero Realty has established a strong presence in Mohali with its flagship Hero Homes project in Sector 88, where 544 units have already been delivered under Phase 1, Phase 2 possessions are ongoing, and Phase 3 has been launched.

Key Highlights

• Hero Realty acquires 8.71 acres in Mohali Sector 99 for Rs. 262.75 Cr
• Plans new residential project to expand Tricity footprint
• Adds to ongoing Hero Homes, Dwarka Expressway, and Ludhiana projects

This latest acquisition underscores the company’s ambition to deepen its footprint in the region and cater to rising demand for premium residential developments.CEO Rohit Kishore stated, “Mohali has always been a strategically important market for us,” highlighting the firm’s intent to expand across Northern India.

Beyond Mohali, Hero Realty is also active in Ludhiana and the Delhi-NCR region, with projects such as The Palatial on Dwarka Expressway. The company is currently developing 5.2 million sq. ft. of residential projects across NCR and Punjab and has delivered 230 acres of industrial parks in Haridwar along with six million sq. ft. of completed projects nationwide.

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This new land acquisition not only strengthens Hero Realty’s portfolio but also signals robust growth prospects for the brand in Punjab’s competitive real estate market.