Hero Realty has joined hands with Saheb Enterprise to embark on a joint development venture. This collaboration is set to give birth to a colossal mixed-use project spanning 2 million square feet in Gurugram. With a projected sales revenue of Rs 2,000 crore, this venture signifies a significant step in advancing the real estate prowess of both entities.
Hero Realty, the brainchild of Sunil Kant Munjal's Hero Enterprise, has solidified its vision for this joint development project with Saheb Enterprise. The agreement entails the construction of housing and commercial complexes on an 8-acre land parcel nestled in Sector 104 along the prestigious Dwarka Expressway.
Dharmesh Shah, CEO of Hero Realty, highlighted the significance of this partnership as a landmark stride in expanding their presence in key regions. This collaboration reinforces Hero Realty's commitment to establishing a strong market foothold through innovative ventures like this mixed-use project. The synergies between the two entities are set to be instrumental in shaping the future of the Delhi National Capital Region (NCR) real estate sector.
This venture stands as a testament to the joint development agreement (JDA) between Hero Realty and Saheb Enterprise, driving the creation of a substantial 2 million square feet project.
As Hero Realty and Saheb Enterprise collaborate to actualize this joint development venture, the project is anticipated to fortify their collective growth trajectory. It signifies not only a momentous step towards transformation but also a testament to the vision of both entities in shaping the future of real estate in Gurugram and beyond.
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