Indian Automobile giant Hero Group eyeing Realty Sector
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Hero Group promoted by Munjals is entering into realty construction through a group company known as Arrow Infrastructure and it might pay attention for an associate in the future. Pawan Munjal, MD of Hero Honda Motor’s said to www.propertykhazana.com that, “Arrow Infrastructure has developed a housing complex for the employees of Hero Honda’s new plant in Haridwar which gaze beyond performing ventures for Hero Group. This is the opening for the Arrow Infrastructure and soon it is likely to enter overseas markets. At present, it is from the group, but as we go out we pay attention looking for the partners.”
Munjal said that at present it is hastily to say regarding the potential associate, proposed investment and ventures that the company was gazing to take up. Arrow Infrastructure has taken up the venture for building the housing complex at Haridwar plant, trying to bring in modern infrastructure amenities like shopping complex and schools. Hero Group is a name identical with 2 wheelers in India and is an extended group of companies. It was started in 1956 by introducing Hero Bicycles and its other projects comprise product designing, IT allowed services, finance and Insurance. Today group includes 15 different companies, 300 subsidiary suppliers with over 5,000 outlets across the country.
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