Hero Realty Expands Mohali Portfolio with ₹260 Crore Land Deal for Luxury Project
Hero Realty Group has acquired a land parcel spanning 8.71 acres in Sector 99, Mohali, through a competitive auction conducted by the Greater Mohali Area Development Authority (GMADA), the company announced in a statement.
The land was purchased through its entity Vikas Parks Pvt. Ltd for ₹262.75 crore. This prime location, complemented by retail infrastructure, is earmarked for the development of a marquee luxury residential project under the Hero Homes umbrella. The project is well-connected to Chandigarh, top educational institutions in Mohali, and the upcoming expressway network.
Hero Realty is currently developing over 5.2 million square feet of residential projects across the National Capital Region (NCR) and Punjab. Additionally, the company has successfully delivered over 230 acres of industrial parks in Haridwar and has developed 6 million square feet of assets nationwide.
Rohit Kishore, CEO of Hero Realty, expressed his enthusiasm about the acquisition, stating, “Mohali has always been a strategically important market for us. This new land parcel will allow us to create yet another modern and vibrant community built on values of trust, innovation, and execution excellence, meeting evolving customer aspirations. In parallel, we continue to explore new collaborations that can help us further strengthen our presence across northern Indian cities.”
With its Hero Homes project in Sector 88, Hero Realty has already established a strong footprint in Mohali. The project, sold across three phases, has already delivered 544 units across seven towers in Phase 1 and has started handing over possessions of Phase 2, which includes another 650 units. Phase 3, launched last week, marks the final phase of this landmark 18.5-acre development.
In Ludhiana, the company is adding new phases to its existing portfolio. Meanwhile, in the NCR, it has launched ‘The Palatial’ on the Dwarka Expressway in the last quarter, following its other projects in Gurugram and Sonipat.
This acquisition and the ongoing projects highlight Hero Realty’s commitment to delivering high-quality, innovative residential solutions in key markets across northern India.
