Hero Realty's ₹218 crore investment in Greater Noida marks a strategic push into a region set for major growth. The 18,215 sqm plot was acquired for more than double the ₹97 crore reserve price, showing the developer's confidence in the area's future.
Prime Location Near Jewar Airport
The land parcel is located in Sector MU. Its proximity to the recently opened Phase 1 of Jewar International Airport is a key advantage. This airport, a major project for the region, is expected to make the area a significant economic and connectivity hub within the National Capital Region.
Infrastructure and Connectivity
Sector MU also offers access to the FNG Expressway and planned metro lines. The area already has established social infrastructure like schools and hospitals, making it suitable for residential projects. This strong infrastructure is crucial for attracting residents.
Hero Realty's Expansion Plans
This Greater Noida purchase is part of Hero Realty's wider plan to grow its presence in premium residential and plotted development across North India. The company has recently launched projects like 'The Palatial' in Gurugram and created a dedicated unit, Hero Earth. The acquisition fits Hero Realty's development pipeline of over 6 million square feet in North Indian states.