Hero Realty, Saheb Enterprise JV to develop Hero Homes Gurugram

With the JV, the project land will be increased to 11 acre from 4 acre.

October 11, 2023: Real estate developer Hero Realty has entered into a joint venture (JV) project with Saheb Enterprise, to develop a multi-storey complex in Gurugram’s 104 Sector.

Spread across approximately 4 acre, Hero Homes Gurugram is located on the Dwarka Expressway in Sector 104. The project predominantly offers premium residential apartments. With the addition of this new land parcel, Hero Realty and Saheb Enterprise project land will be increased to 11 acre making it one of the largest residential developments in Gurugram. This move will significantly strengthen HRPL’s presence in the NCR region.

The site is strategically located with easy access to National Highway-48 (NH48) and Northern Peripheral Road and soon to be fully operational Dwarka Expressway.

Dharmesh Shah, CEO, Hero Realty, said, “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 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.”

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 is a market mover in the segment. Homebuyers’ overwhelming response reflects their trust and confidence in our combined capabilities.”

Gurugram’s 104 sector is fast emerging as an attractive investment opportunity given its unique locational advantage of being alongside the Dwarka Expressway that will be fully operational soon.

 

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