Hero Realty forms JV with Saheb Enterprise for a res project

13 Oct 2023 CW Team

Hero Realty Pvt Ltd has entered into a new joint venture (JV) agreement with Gurgaon-based Saheb Enterprise to embark on the development of a premium residential complex in sector 104, Gurgaon. Notably, this marks the second collaborative effort between Hero Realty and Saheb Enterprise, following their initial partnership established in April 2023. The first JV aimed to develop a sprawling project spanning approximately 2 million square feet, with the goal of generating revenue amounting to Rs 2,000 crore.

Under this fresh joint venture, backed by Sunil Kant Munjal's Hero Enterprise, the two companies are set to develop an additional 800,000 square feet, with a target revenue of Rs 1,500 crore. The inclusion of this new land parcel bolsters the Hero Realty and Saheb Enterprise project's overall land area to a substantial 11 acres, positioning it as one of the most significant residential developments in Gurugram.

Dharmesh Shah, CEO of Hero Realty Pvt Ltd, expressed his enthusiasm for this latest venture, emphasizing its strategic significance. He stated, "This JV project will enable us to significantly expand our market share in Gurugram over the next several years and aligns with our strategy of deepening our presence in key real estate micro-markets. Furthermore, this project is expected to further fortify our ongoing sales growth in the current financial year."

The collaboration between Hero Realty and Saheb Enterprise underscores their commitment to robust real estate development in the thriving Gurgaon market, as they continue to explore new avenues for growth and expansion in the region.

Infrastructure Urban

23 May 2025

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Infrastructure Urban

23 May 2025

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi鈥檚 daily average Air Quality Index (AQI) clocked 213 (鈥楶oor鈥� category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording 鈥楶oor鈥� air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Infrastructure Urban

23 May 2025

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..