Hero Realty raises Rs 1,200 crore debt from IndusInd Bank to fuel expansion plans

New Delhi: Hero Realty, the real estate arm of Hero Enterprise, has raised Rs 1,200 crore debt from IndusInd Bank to support its growth and expansion plans.

The transaction is followed by HDFC Capital Advisors, the real estate private equity arm of the HDFC Group, establishing a Rs 1,000 crore platform with Hero Realty to develop housing projects in tier-1 and -2 cities.

“The continued support from leading financial institutions reflects confidence in our strategy, asset quality, and disciplined execution,” said Rohit Kishore, CEO, Hero Realty.


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

The transaction, which will strengthen the company’s balance sheet while providing long-term capital visibility for its ongoing and upcoming residential developments, was facilitated by Rezonance Consultants funding will further

“Hero Realty’s ability to attract marquee lenders in quick succession underscores the strength of its business fundamentals and the credibility it has built in the capital markets,” said Hardeep Lamba, Founder and Managing Director of Rezonance Consultants.

Hero Home has a robust development pipeline and it enters the current financial year with a positive outlook and is well positioned for sustained growth over the next few years.

In Gurugram, the company recently launched The Palatial by Hero Homes, 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.

Recently, the company announced 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.

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It has recently acquired 18,215 sq mt of land in Sector MU of Greater Noida through an auction conducted by the Greater Noida Industrial Development Authority for Rs 218 crore.

Hero Realty has been expanding its footprint in the National Capital Region across premium residential and plotted development segments.

Hero Realty is developing more than 6 million square feet in locations within the NCR, Punjab, Uttarakhand and Uttar Pradesh.