Hero Realty Expands Mohali Portfolio with ₹260 Crore Land Deal for Luxury Project
Hero Realty Group has acquired an 8.71-acre land parcel in Sector 99, Mohali, through a competitive auction, with plans to develop a luxury residential project. This move further solidifies their presence in the region and aligns with their strategic expansion goals.
Real EstateHero RealtyMohaliLuxury ProjectLand DealReal EstateSep 19, 2025
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.
Frequently Asked Questions
What is the size of the land parcel acquired by Hero Realty in Mohali?
Hero Realty acquired an 8.71-acre land parcel in Sector 99, Mohali.
What is the cost of the land acquisition?
The land was purchased for ₹262.75 crore.
What is Hero Realty's plan for the acquired land?
Hero Realty plans to develop a luxury residential project under the Hero Homes umbrella on the acquired land.
What are some of the key features of the location?
The location is well-connected to Chandigarh, top educational institutions in Mohali, and the upcoming expressway network, complemented by retail infrastructure.
What other projects is Hero Realty currently working on in the NCR and Punjab?
Hero Realty is developing over 5.2 million square feet of residential projects across the NCR and Punjab, including the Hero Homes project in Sector 88, Mohali, and the ‘The Palatial’ project on the Dwarka Expressway.
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