Hero Realty Expands Mohali Portfolio with ₹262.75 Crore Land Deal for Luxury Project in Sector 99

Introduction: A New Era of Luxury Living in Mohali

The real estate market in Mohali has received a fresh boost with Hero Realty Group, a prominent name in India’s real estate landscape, announcing a landmark acquisition. The company has purchased a premium 8.71-acre land parcel in Sector 99, Mohali, through a competitive auction conducted by Greater Mohali Area Development Authority (GMADA).

The deal, valued at ₹262.75 crore, was made through Hero Realty’s subsidiary Vikas Parks Pvt. Ltd. This strategic acquisition sets the stage for a luxury residential project under the Hero Homes umbrella, further strengthening the company’s presence in Punjab’s booming real estate market.

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Hero Realty’s Vision: Redefining Modern Communities

Hero Realty is one of the fastest-growing real estate developers in India, with a clear focus on delivering premium housing, world-class amenities, and sustainable infrastructure.

Currently, the company is developing over 5.2 million sq. ft. of residential projects across NCR and Punjab. Beyond housing, it has successfully delivered over 230 acres of industrial parks in Haridwar and has developed more than 6 million sq. ft. of assets nationwide.

Quoting Rohit Kishore, CEO of Hero Realty:

“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. We are committed to meeting evolving customer aspirations while continuing to explore collaborations across northern Indian cities.”

Location Advantage: Why Sector 99, Mohali is the Next Real Estate Hotspot

The newly acquired Sector 99 land parcel is not just about size and investment but also about strategic connectivity and infrastructure advantages:

• Proximity to Chandigarh – Just a short drive from the heart of Chandigarh.

• Access to Top Institutions – Near ISB Mohali, IISER, Ashoka University Campus, and leading schools.

• Upcoming Expressway Network – Direct connectivity to the Airport Road and PR-7 Expressway, boosting long-term property appreciation.

• Surrounding Retail & Commercial Growth – With GMADA’s master plan, the area will see rapid development in retail, hospitality, and commercial sectors.

For homebuyers in Mohali, this means access to a well-planned, modern lifestyle backed by strong infrastructure.

Hero Realty’s Track Record in Mohali and Punjab

Hero Homes Mohali (Sector 88)

Hero Realty has already made a strong impact in Mohali with its flagship project Hero Homes Mohali, Sector 88, spread across 18.5 acres.

• Phase 1 – Delivered 544 units across seven towers.

• Phase 2 – Possessions ongoing, with 650 units under handover.

• Phase 3 – Recently launched as the final phase of the project.

This track record demonstrates Hero Realty’s commitment to on-time delivery, premium construction quality, and customer satisfaction.

Other Expansions

• Ludhiana – Adding new phases to its existing projects.

• NCR – Launch of The Palatial on Dwarka Expressway, along with projects in Gurugram and Sonipat.

With this new Sector 99 Mohali land deal, Hero Realty continues to strengthen its premium housing portfolio in North India.

Why This Deal Matters for Mohali’s Real Estate Market

This ₹262.75 crore land deal is more than just a corporate acquisition—it’s a signal of strong buyer confidence in Mohali’s luxury housing market.

• Rising Demand – Increasing demand from professionals, NRIs, and business families.

• Investment Potential – Mohali is now considered one of the top real estate destinations near Chandigarh.

• Future Appreciation – With expressways, IT corridors, and global institutions, property prices are projected to rise steadily.

• Lifestyle Upgrade – Hero Realty’s luxury project will set new benchmarks for amenities, design, and sustainability.

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FAQs About Hero Realty’s Mohali Expansion

1. What is Hero Realty’s new project in Mohali?

Hero Realty has acquired an 8.71-acre land parcel in Sector 99, Mohali, through GMADA’s competitive auction. The project will be a luxury residential development under the Hero Homes brand.

2. How much was the land deal worth?

The land was purchased for ₹262.75 crore by Hero Realty’s entity Vikas Parks Pvt. Ltd.

3. What makes Sector 99, Mohali a good investment?

Sector 99 is close to Chandigarh, well-connected to the PR-7 Airport Road, surrounded by top institutions, and earmarked for premium residential and retail infrastructure, making it a high-growth zone.

4. Does Hero Realty have other projects in Mohali?

Yes, Hero Realty already developed Hero Homes in Sector 88, Mohali, an 18.5-acre luxury project delivered in three phases.

5. How can I invest or book a unit in this new project?

Buyers can connect with Garah Pravesh (📞 7087949434) to get verified information, early-bird pricing, and transparent deals.

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