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Hero Realty to launch projects spanning four mln sq. ft. in FY24

Wednesday, 05 Jul 2023
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Hero Realty plans to launch real estate projects which could deliver an expected revenue of Rs 3,500 crore in the current financial year. These projects spanning around four million sq. ft.  is part of the developer’s aggressive expansion strategy.

Further, the real estate firm aims to invest Rs 1,000-1,200 cr focusing on residential development, with a significant sales volume expected in the next two years. Its recent joint venture project along Dwarka Expressway, has a development potential of 2.2-2.3 million sq. ft. withan anticipated turnover of Rs 2,000 crore.

Apart from this, Hero Earth, its new business vertical, which will specialise in plotted developments across Delhi-National Capital Region (NCR), is set to mark its maiden venture with a residential project in Sector 85, Gurugram in Haryana. It will also leverage opportunities under the  Deen Dayal Jan Awas Yojana  (DDJAY) scheme of the Haryana government.

To assist customers on key elements, the company has  also built a platform  wherein customers can visit the sites, their plots, check the Vastu,  entry, exit, size and make a decision on inventory.

Besides, the developer is also mulling entering Noida, as it focuses on Delhi and NCR.

In addition, the company’s group housing project in Sector-104, Gurugram will be launched in January 2024 in phases.

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