Hero Homes Phase 1 Sector 88 Mohali: 3BHK & 4BHK Luxury Apartments | Ready-to-Move Flats Prices & Amenities Project
₹1.1crore - ₹2.59crore
If you are looking at Mohali real estate in 2026, you have probably seen the name Hero Homes. It is one of the larger ready-to-move projects in Sector 88, built by the Hero Group’s real estate arm in the Heart of the City. This article gives you every verified number you need: RERA carpet areas, actual resale rents, state-specific stamp duty for Punjab, and a due diligence checklist you can use before signing anything. No broker estimates. No portal hearsay. Just facts from the Punjab RERA portal, the Punjab Revenue Department, and verified market activity.
Project at a glance
Field | Value |
Project name | Hero Homes Mohali (Phase I) |
Developer | Hero Realty Pvt Ltd |
RERA number | PBRERA-SAS81-PR0114 |
Address | Group Housing Site No.1, Sector 88, SAS Nagar (Mohali), Punjab |
Land area | 18.5 acres |
Towers | 7 |
Total units | 543+ |
Configurations | 2 BHK, 2.5 BHK, 3 BHK, 4 BHK |
RERA carpet area | 2 BHK: ~691 sq.ft. – 3 BHK: ~1,282 sq.ft. – 4 BHK: ~1,600 sq.ft. (varies by unit) |
Super built-up area | 1,095 – 3,490 sq.ft. |
Launch year | 2016 |
Possession status | Ready to move (Phase I completed March 2021) |
Green certification | None declared on RERA |
Clubhouse | Yes (details in amenities) |
Vastu compliance | Claimed for specific unit orientations |
Structure | RCC framed structure |
Verified against: Punjab RERA portal entry PBRERA-SAS81-PR0114.
What makes Hero Homes different
Hero Homes is not a boutique project. It is a large-scale, ready-to-move community built by a developer with industrial and township experience outside the Chandigarh tricity. Here is what actually stands out.
| Feature | Details |
|---|---|
| 18.5-Acre Low-Density Campus | Spread across 18.5 acres with only 7 residential towers, Hero Homes offers a low-density layout that provides better natural light, cross ventilation, and spacious open areas compared to many nearby developments. |
| Hero Group Legacy | Developed by Hero Realty, the real estate arm of Hero Enterprise, backed by a legacy of 150+ acres of residential townships and 230+ acres of industrial parks, ensuring strong brand credibility, quality construction, and long-term value. |
| Ready-to-Move Advantage | Phase I has received completion certificates and handovers began in March 2021, allowing buyers to inspect the actual apartment before purchase. Ready-to-move homes also eliminate construction risk and, in many cases, attract no GST on completed units (subject to prevailing tax regulations). |
Location and connectivity
Sector 88 is on the northern edge of Mohali, close to the Chandigarh border. The area has developed significantly since 2020, with new schools, hospitals, and retail coming up along the Sector 88-89 dividing road.
Hero Homes is located on Group Housing Site No.1, Sector 88, roughly 2.5 km from the Aerocity Chowk on the Airport Road
Floor plans and pricing
Hero Homes offers 2 BHK, 2.5 BHK, 3 BHK, and 4 BHK configurations. The RERA carpet area is the number that legally matters. Builders often quote super built-up area, which includes common spaces and wall thickness. The table below uses verified carpet area where available.
Pricing and area by configuration
Configuration | Super built-up area | RERA carpet area | Bedrooms / Baths | Pricing (resale, 2026) |
2 BHK | 1,095 sq.ft. | ~691 sq.ft. | 2 / 2 | Rs. 95 Lac – 1.10 Cr |
2.5 BHK | 1,285 sq.ft. | ~850 sq.ft. | 2 / 2 | Rs. 1.10 Cr – 1.25 Cr |
3 BHK | 1,482 – 1,950 sq.ft. | 1,260 – 1,282 sq.ft. | 3 / 3 | Rs. 1.35 Cr – 1.80 Cr |
4 BHK | 2,500 – 3,490 sq.ft. | ~1,600 sq.ft. | 4 / 4 | Rs. 2.40 Cr – 3.14 Cr |
Source: Punjab RERA portal and current market listings . Builder BSP is no longer applicable for ready-to-move Phase I units. Prices above are observed resale market rates as of 2026.
Critical callout on carpet area: The RERA carpet area excludes external and internal wall thickness. A 1,482 sq.ft. super built-up 3 BHK typically has a carpet area of approximately 1,260 sq.ft. . Do not sign any agreement without verifying the exact carpet area mentioned in the buyer-builder agreement against the RERA registration.
Resale activity
Configuration | Observed range | Quarter |
2 BHK | Rs. 95 Lac – 1.05 Cr | Q1 2026 |
3 BHK | Rs. 1.40 Cr – 1.65 Cr | Q4 2025 |
3 BHK (high floor) | Rs. 1.70 Cr – 1.80 Cr | Q1 2026 |
Price trajectory (Sector 88)
Year | Avg. rate (Rs./sq.ft.) | Change |
2019 | 4,800 – 5,200 | Launch phase |
2021 | 5,200 – 5,500 | Possession started |
2023 | 5,800 – 6,200 | Post-occupancy demand |
2026 | 6,500 – 7,500 (super built-up) | Mature resale market |
Pricing has stabilised after the initial post-possession spike in 2021-2022. Current rates reflect actual transaction data, not builder‑inflated numbers.
Hero Realty Pvt. Ltd., the real estate arm of Hero Enterprise, has 15+ years of experience developing residential townships and industrial parks. With projects across Haridwar, Ludhiana, Gurugram, and Mohali, the company is known for reliable delivery, transparent practices, and thoughtfully planned communities backed by the trusted Hero Group legacy.
- Is Hero Homes Mohali RERA registered?
Yes. Punjab RERA registration number is PBRERA-SAS81-PR0114 . You can verify this on the official Punjab RERA portal (rera.punjab.gov.in).
- What is the current price of a 3 BHK in Hero Homes?
Resale prices for a 3 BHK range from Rs. 1.35 crore to Rs. 1.80 crore depending on floor, furnishing, and exact size. For exact current listings, check verified real estate platforms or contact local banks for their approved valuation.
- When will I get possession if I buy now?
Phase I is ready to move. You get possession immediately after registration. There is no waiting period.
- Is Hero Homes in Punjab or Haryana jurisdiction?
Punjab. Sector 88 is in SAS Nagar (Mohali), Punjab. Stamp duty follows Punjab rates . Do not let anyone calculate Haryana stamp duty for this property.
- What is the stamp duty for a flat in Hero Homes?
For a male buyer: 7% stamp duty + 1% registration = 8% total. For a female buyer: 5% + 1% = 6% total. Joint (male+female): 5.5% + 1% = 6.5% .
- Do I pay GST on a ready-to-move flat?
No. GST applies only to under-construction properties where occupation certificate is not issued. Hero Homes Phase I has OC, so GST is zero.
- How many units are in Hero Homes Mohali?
The project has 543+ units across 7 towers .
- What amenities does Hero Homes have?
Clubhouse, swimming pool, gym, mini theatre, tennis court, jogging track, children’s play area, rainwater harvesting, STP, and 24/7 security .
- Is there any green certification?
No IGBC or GRIHA cer
tification is listed on the RERA portal for this project. - What rental yield can I expect?
Gross rental yield of 2.8% to 3.5% per year depending on configuration and furnishing. A fully furnished 3 BHK may yield closer to 3.9% .
- Which banks offer home loans for Hero Homes?
Most public and private sector banks finance this project. Check with SBI, HDFC, ICICI, Axis, and PNB for their approved list and current interest rates.
- What is the RERA carpet area of a 3 BHK?
Approximately 1,260 to 1,282 square feet of carpet area for a 1,482 sq.ft. super built-up unit . Verify the exact number in the agreement.
| Structure | RCC framed structure with earthquake resistance as per NBC norms |
| Flooring | Vitrified tiles in living/dining/bedrooms; ceramic tiles in utility and balconies |
| Walls | Acrylic emulsion paint for internal walls; textured exterior paint |
| Kitchen | Granite platform with stainless steel sink; provision for exhaust and water purifier |
| Sanitary fittings | Hindware / Cera / equivalent (builder-grade, not premium) |
| Doors | Flush doors with laminated finish for main door; PVC doors for bathrooms |
| Windows | Anodised aluminium sliding windows with mosquito mesh |
| Electrical | Anchor / Roma / equivalent modular switches; copper wiring with adequate circuits |
| Configuration | Carpet Area | Built-up Area | Super Area | Price |
|---|---|---|---|---|
| 4 BHK + Utility | 2108 Sq Ft | 2326 Sq Ft | 3490 Sq Ft | On Request |
- Ample Parking
- Club House
- EV Charging
- Fitness center
- Games Court
- Jogging Track
- Security
- Spa & Massage
- Swimming pool
Explore nearby amenities to precisely locate your property and identify surrounding conveniences, providing a comprehensive overview of the living environment and the property's convenience.
- Hospital: Fortis Hospital Mohali: 5 km (10 mins)
- School: Bal Bharati Public School: 4 km (8 mins)
- Airport: Chandigarh International Airport: 12 km (15-20 min
- Railways: S.A.S. Nagar Railway Station: 8 km (15 mins)
- Malls & PVR: VR Punjab Mall: 7 km (12 mins)
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