Hines to Expand Their Portfolio in India

Looking for finding the perfect property for investment or living purposes? Deciding upon which real estate brand to associate you with? Getting confused on which luxury apartment or villa you should invest in?  For all such queries and more, Hines, a US-based firm is planning to target Indian businesses and is going to invest in various projects and also partner with local businesses across different cities.

All about Hines

Hines is a privately owned real estate company and came to India for business purposes in 2006. They have so far invested over USD 400 million in inequities across various projects and profited from the same. The India Head of Hines, Mr. Amit Diwan in an interview said that “the company is in talks with various local business owners for fresh projects through development management (DM) fee model”. With an upsurge in demands in the real estate sector and people wanting to buy bigger, premium spaces post covid, the company is trying to fulfill that demand and come up with various projects.

There’s an influx in wanting holistic quality homes, bigger spaces with a blend of luxury, especially post-pandemic, and people are more inclined towards these quality products. The company stated, “We are constantly getting proposals from local businessmen and we are evaluating their proposals. We are also in advance talks for our projects in Gurugram and Noida”. He also mentioned that the “company is also evaluating opportunities for projects in cities like Bangalore, Mumbai, and Pune”.

Talking about the ongoing projects, Mr. Diwan also mentioned that “Hines India has so far completed 2 office projects in Gurugram and is already working on 7 projects consisting of 3 office and 4 corporate projects, in the cities of Mumbai, Pune, Bangalore, and Gurugram”. All these projects are likely to be completed by 2022 to 2025. Meanwhile, the 2 amazingly built and very luxurious offices of Hines have been in the reports for their amazing facilities and state-of-the-art developments.

Recently Hines also collaborated with Tata Housing to develop around 750 flats in the ‘Serein’ projects of Mumbai. Another of its projects named ‘Parkwest’ is consisting of around 1050 apartments in the city of Bangalore. Apart from housing projects, the company is also investing in ideas regarding office parks. In March 2020, the company got hold of around 33% stakes of DLF’s upcoming projects named ‘Atrium Palace’. The basic plan is to grow through the cities and develop more and more projects, especially in cities where they have a profound base.

Hines also collaborated with ‘Goel Ganga Corporation’ in June 2021 to develop luxurious office complexes consisting of a total of 2.4 million square ft area. These amazing projects are definitely going to grow over time and help the people of India increase employment and also present opportunities to raise their living standards. These state-of-the-art, luxurious apartments are going to increase the options people have in these sectors and with their development across various cities, a lot more affordability is going to be offered.

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