High valuations of prime land and a robust outlook for housing and office space is spawning new wannabes in the country's burgeoning realty sector. The latest to enter the fray is the Hero Group, a leading maker of two-wheelers and auto parts in the country. |
"We have about 10 acre land at Gurgaon, Haryana, and we are exploring possibilities of developing it into a commercial property," Naveen Munjal, chief executive officer of Hero Exports, the trading arm of the group. |
|
The group is in talks with leading real estate companies in Delhi to develop the property, Munjal said. |
|
Details of Hero Group's realty plan are yet to be worked out, he said. |
|
Over the last one decade, domestic and foreign companies have flocked to Gurgaon to set up their offices "� driving real estate valuations in the satellite city of the National Capital as high as its landscape. |
|
|
|