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Hero Realty has made a decisive move in Punjab’s real estate market with the purchase of an 8.71-acre land parcel in Mohali for ₹262.75 crore. The deal, secured through a competitive auction conducted by the Greater Mohali Area Development Authority (GMADA), marks a significant step in the company’s expansion strategy.

The acquisition is being viewed as a signal of confidence in Mohali’s growth trajectory. With urban infrastructure projects advancing and residential demand showing resilience, developers have increasingly turned to the city as a hub for long-term investments. Hero Realty, already active in the region, has further consolidated its footprint through this latest deal.

According to company executives, the new land will be used for large-scale residential development. Mohali’s evolving demographics, particularly the rise of professionals linked to the IT and services sectors, are driving demand for both mid-range and premium housing. This acquisition, they said, will allow the company to respond to market needs with a mix of projects tailored to local and NRI buyers.

Rohit Kishore, Chief Executive Officer of Hero Realty, emphasized that Mohali remains a central pillar of the company’s expansion plans. He noted that existing projects, such as the 18.5-acre residential development in Sector 88, have already seen substantial delivery, with several phases completed or nearing handover. The new parcel, he added, aligns with the company’s broader vision of building sustainable and community-focused developments.

Hero Realty’s ambitions are not confined to Punjab alone. The company is actively engaged in developing over 5.2 million square feet of residential space across India, with a strong presence in Delhi-NCR and ongoing projects across Punjab. Its completed industrial portfolio spans more than 230 acres, while current construction pipelines include an additional six million square feet nationwide.

Industry analysts view the Mohali land purchase as both strategic and timely. The city has emerged as one of North India’s most sought-after real estate destinations, benefiting from its proximity to Chandigarh, the international airport, and expanding IT clusters. With steady migration from nearby states and growing interest from NRIs, demand for organized housing is expected to continue rising.

The auction outcome also highlights GMADA’s role in shaping Mohali’s urban expansion. Over the past decade, the authority has facilitated several major land deals, enabling developers to launch large-scale projects that cater to diverse segments of buyers. Hero Realty’s successful bid reinforces the perception of Mohali as a stable and attractive investment market for developers with long-term plans.

Market observers argue that the ₹262 crore acquisition reflects optimism despite broader concerns about India’s real estate cycles. While some regions have seen fluctuating demand, Mohali has maintained relative stability, supported by its growing role as an education and healthcare hub. New projects in the city often attract a mix of local families, IT professionals, and NRIs, creating a diversified buyer base.

Data from property research firms shows Mohali’s residential market recorded steady price growth of 6–8% in 2024, outpacing several comparable cities in the region. Analysts expect the trend to continue in 2025, especially in prime sectors near the airport road and emerging commercial clusters. The addition of large-scale residential projects by developers like Hero Realty is expected to further strengthen supply in the mid- to high-income brackets.

The focus keyword, Hero Realty Mohali land acquisition, has quickly become a talking point in real estate circles. Stakeholders say the move underscores the company’s long-term confidence in the city’s potential, while also signaling renewed activity in the Punjab property market.

For buyers and investors, the announcement brings anticipation of fresh launches in a sector already experiencing rising demand. For Mohali, it represents another milestone in its transformation from a satellite city into a full-fledged real estate hub in its own right.