Business Standard Reports that “Hero Group”, a leading maker of two-wheelers and auto parts in the country intends to enter the real estate market.
Naveen Munjal, CEO, Hero Exports, the trading arm of the group said that the company possess about 10 acres of land at Gurgaon, and are now checking the feasibility of developing it into a commercial property.
He added, that the group is in talks with leading real estate companies in Delhi to develop the property and the details of the company`s realty plan are yet to be worked out.
Shares of the company closed up Rs 17.85, or 2.46%, at Rs 744.15. The total volume of shares traded at the BSE was 32,248.
Guys, what you think... Will Hero Group be successful in maintaining its popularity in the Real Estate Sector also?