Hero Realty forms JV with Saheb Enterprise for a res project

13 Oct 2023 CW Team

Hero Realty Pvt Ltd has entered into a new joint venture (JV) agreement with Gurgaon-based Saheb Enterprise to embark on the development of a premium residential complex in sector 104, Gurgaon. Notably, this marks the second collaborative effort between Hero Realty and Saheb Enterprise, following their initial partnership established in April 2023. The first JV aimed to develop a sprawling project spanning approximately 2 million square feet, with the goal of generating revenue amounting to Rs 2,000 crore.

Under this fresh joint venture, backed by Sunil Kant Munjal's Hero Enterprise, the two companies are set to develop an additional 800,000 square feet, with a target revenue of Rs 1,500 crore. The inclusion of this new land parcel bolsters the Hero Realty and Saheb Enterprise project's overall land area to a substantial 11 acres, positioning it as one of the most significant residential developments in Gurugram.

Dharmesh Shah, CEO of Hero Realty Pvt Ltd, expressed his enthusiasm for this latest venture, emphasizing its strategic significance. He stated, "This JV project will enable us to significantly expand our market share in Gurugram over the next several years and aligns with our strategy of deepening our presence in key real estate micro-markets. Furthermore, this project is expected to further fortify our ongoing sales growth in the current financial year."

The collaboration between Hero Realty and Saheb Enterprise underscores their commitment to robust real estate development in the thriving Gurgaon market, as they continue to explore new avenues for growth and expansion in the region.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..