Hero Realty acquires land in Greater Noida for Rs 218 crore for residential development

Hero Realty, the real estate arm of Hero Enterprise, has acquired a 18,215 sqm. land parcel in Sector MU, Greater Noida through a recent auction conducted by the Greater Noida Industrial Development Authority (GNIDA) for Rs 218 crore.

The reserve price for the land was Rs 97 crore and the developer won the bid in more than the double amount.

This will be Hero Realty’s first project in Greater Noida.


Prime Minister Narendra Modi inaugurated Phase 1 of the much-awaited airport in Jewar on March 28, further accelerating the region’s emergence as a key growth hub. Sector MU benefits from proximity to the FNG Expressway, proposed metro corridors and established social infrastructure such as schools, hospitals and commercial hubs. Supported by rapid regional infrastructure development, the location is well positioned for integrated lifestyle-led residential development.

“The acquisition comes at a time when the newly inaugurated Jewar International Airport is set to redefine the region as NCR’s next growth hub, unlocking unprecedented connectivity, economic activity, and real estate appreciation. The project aligns with NCR’s infrastructure boom, bringing world-class residential, retail, and lifestyle experiences,” said Rohit Kishore, CEO, Hero Realty.

In Delhi NCR, Hero Realty has been expanding its footprint across premium residential and plotted development segments.

In Gurugram, the company recently launched The Palatial by Hero Homes, an ultra-luxury residential project located in Sector 104 on the Dwarka Expressway. Spanning approximately 11 acres, The Palatial features over 680 high-end residences along with integrated high-street retail and lifestyle amenities.

Recently, the company entered into a partnership with Panasonic Electricals, marking its first-ever collaboration with a real estate developer. This alliance will bring next-generation, AI-enabled smart residences with advanced indoor air purification technologies to The Palatial.

Hero Realty also launched a dedicated vertical Hero Earthwith projects across key North Indian cities. Under this brand, it introduced The Ark in Sector 85, Gurugram, a 5-acre plotted development where all 77 plots were sold out.

The company has also entered the Sonipat real estate market through a tie-up with the Spiti Group, offering plots in Sector 33 with sizes ranging from 1115 sq. ft. to 1615 sq. ft.

HRPL is developing over 6 million+ square feet in most sought-after locations within the National Capital Region (NCR), Punjab, Uttarakhand, and Uttar Pradesh.

Recently, HDFC Capital Advisors, the real estate private equity arm of HDFC Group, has established a Rs 1,000 crore platform with Hero Realty to develop housing projects across Tier 1 and Tier 2 cities in India.