Hero Realty raises Rs 1,200-Cr from IndusInd Bank

New Delhi-based Hero Realty , the real estate arm of Hero Enterprise has raised INR 1,200 Cr in debt from IndusInd Bank which was facilitated by the financial advisor Rezonance Consultants.The company is currently developing more than 6 million square feet of residential projects across the National Capital Region, Punjab, Uttarakhand, and Uttar Pradesh. Hero Realty plans to use the funds to strengthen its balance sheet and support ongoing and upcoming residential developments.Hero Realty’s recent projects include the launch of an ultra-luxury development in Gurugram, alongside a recent land acquisition in Greater Noida for INR 218 Cr.