Hero Realty Secures ₹262.75 Cr Land in Mohali for Luxury Housing Project
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By L. Sadriwala
- September 22, 2025
Mohali, Punjab: Hero Realty Group has made a major expansion move by acquiring an 8.71-acre land parcel in Sector 99, Mohali, for ₹262.75 crore. The land was secured through a competitive auction organized by the Greater Mohali Area Development Authority (GMADA) under its subsidiary, Vikas Parks Pvt. Ltd.
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Aiming for a Landmark Luxury Residential Project
The newly acquired land is earmarked for a high-end residential development under the Hero Homes brand. Surrounded by strong retail infrastructure, the site boasts excellent connectivity to Chandigarh, educational institutions in Mohali, and upcoming expressway networks.
“Mohali has always been a strategically important market for us. This acquisition enables us to build a vibrant, modern community that reflects our values of trust, innovation, and execution excellence,” said Rohit Kishore, CEO of Hero Realty.
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Strong Track Record Across India
Hero Realty is already developing more than 5.2 million sq. ft. of residential projects in NCR and Punjab. Beyond housing, it has delivered over 230 acres of industrial parks in Haridwar and developed 6 million sq. ft. of assets nationwide.
Hero Homes’ Established Presence in Mohali
Hero Realty already has a strong footprint in Mohali with its Hero Homes Sector 88 project spread over 18.5 acres.
- Phase 1: 544 units across seven towers delivered.
- Phase 2: 650 units, possessions underway.
- Phase 3: Recently launched, completing the development.
This new land acquisition in Sector 99 will further cement the company’s dominance in Mohali’s luxury housing segment.
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Expanding Footprint in North India
The company isn’t stopping at Mohali. In Ludhiana, additional phases are being added to ongoing projects. Meanwhile, in NCR, Hero Realty recently launched ‘The Palatial’ on Dwarka Expressway, building upon its existing developments in Gurugram and Sonipat.
L. Sadriwala is the Editor-in-Chief at Housiey, with a professional writing career spanning since 2015. Coming from a family of real estate developers, her deep-rooted industry understanding naturally shaped her focus on real estate content, where she combines domain knowledge with clear, reader-first writing.
She specializes in simplifying complex property concepts — from housing policies and market trends to builder reviews and project insights — into accurate, easy-to-understand guidance for homebuyers and investors.
At Housiey, every article by L. Sadriwala is built on thorough research and verified facts. Her goal is straightforward: to empower homebuyers and investors with reliable, trustworthy information that helps them make confident property decisions.
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