Hero Realty Pvt Ltd in January became the first real estate group in Delhi NCR to receive A+ ratings and 'Stable' outlook on CARE ratings list. CARE upgraded the credit rating of the leading real estate group Hero Realty Pvt. Ltd. to 'CARE A + ; Stable' in the wake of the strong traction in operations and sales.
Hero Realty Pvt. Ltd. has reported a 40% increase in the sales on a year-on-year basis, as buyers took advantage of low interest rates and fence sitters came back to the market, increasing the sales in its residential projects.
Sunil Kant Munjal, Chairman of Hero Enterprise, says, "Hero Realty Pvt Ltd is at the forefront of delivering successful housing formats to its customers. Despite the initial hiccups due to unforeseen circumstances in 2020, the real estate industry has seen a revival in FY 21-22 and is further set to witness a boom in FY 22-23. We will continue to serve our customers with dedication and innovation in product and service."