Hero Realty Inks JV, Targets an Additional Rs.1500 Crores From The New Deal

New Delhi, October 11, 2023: Hero Realty Pvt. Ltd. (HRPL), on Wednesday announced that it has entered into a joint venture (JV) project with Saheb Enterprise, to develop premium multi-story complex in approximately 4 acres of land in Gurugram’s Sector 104. With this new project announcement, Hero Realty aims at an additional Rs. 1500 crores in the topline for the current fiscal, according to a press release issued by the company.

Announcing the joint venture, Dr. Dharmesh Shah, CEO, Hero Realty Pvt. Ltd. said, “This is another landmark step by Hero Realty in an overdrive strengthening the footprint in key regions by being a market mover. We are pleased to announce the addition of this strategically important project in Gurugram. This JV project with Saheb Enterprise will allow us to significantly increase our market share in Gurugram over the next several years and fits within our strategy of deepening our presence across key real estate micro-markets. This project also aligns with our vision to create transformative real estate projects that redefine industry standards. This project will further strengthen our continued sales growth in the current financial year and set the foundation for a significant increase in our market share and the top line.”

Speaking on the occasion, Digvijay Singh (CFA) and Lavanya Singh Dinodia, the Promoters of Saheb Enterprise said “We are excited to partner in the new project with an iconic brand like Hero Realty, as the CEO has transformed HRPL and a market mover in the segment. Homebuyers’ overwhelming response reflects their trust and confidence in our combined capabilities. We believe this venture will offer consumers the best in category real estate in the Delhi NCR region”.