Hero Realty has partnered with Saheb Enterprise to develop an 8-acre land parcel in the 104 Sector of Gurugram, along the Dwarka Expressway. The joint development agreement aims to construct high-rise residential and commercial complexes that will cover around 2 million square feet, with a revenue potential of ₹2,000 crore. The project will boost the company's sales growth in the current financial year and help to increase their market share and top-line. CEO Dharmesh Shah highlighted that this partnership model will drive their expansion primarily in and around the Delhi NCR region.
The new venture is expected to provide the Delhi NCR region with the best-in-class real estate as Hero Realty has a track record of delivering successful projects in Ludhiana, Mohali, and Haridwar, with over 3.25 million square feet of construction completed and another 2.76 million square feet under construction. The recently awarded CARE A+; Stable rating by CARE further strengthens Hero Realty's position in the market. Lavanya Singh Dinodia, promoter of Saheb Enterprise, expressed confidence in this partnership and is optimistic about delivering exceptional real estate offerings to consumers.