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« Red Fort Capital to invest $100 mn in Prestige Group | Home | DLF Attracts the Likes of Giorgio Armani »

Hero Group to Develop Property in Gurgaon

Hero Group, a prominent name in automobile industry, is considering making a foray into Indian property market.

The Group has around 10 acres of land in Gurgaon, which it is planning to convert into a commercial property, informs Naveen Munjal, CEO, Hero Exports, the trading arm of the group.

Hero Group is holding discussions with well established builders in Delhi to develop the property and the details of the companies’ real estate plan are to be completed.

The company’s shares closed at Rs 17.85, or 2.46% at Rs 744.15. The volume of shares traded at the BSE was 32,248.

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