The real estate sector has been on the rise, especially in some cities like Ahmadabad, Mumbai, Pune, Delhi NCR, and of course Bangalore. Being the IT city of the country, Bangalore has been experiencing some very interesting trends in real estate. Pandemic has acted as a boon to the property department and has helped in growing it since people are more interested in investing in properties these days. Pandemic has obviously increased this sense in people to spend more time with your families while managing your work so people are inclined towards bigger spaces these days.
The companies have also had time to regroup their strategies and therefore they are coming up with ways to enhance their offices and even build new ones. Hines and DNR group are also one of those who are planning on investing around 650 crores for developing a property having 20 stories in Yeshwanthpur, Bangalore. The company has also started their development of DNR Altitude which is a 4-acre commercial site and is going to be absolutely amazing and people are so looking forward to it.
Hines collaborated with the DNR group and the companies have made an initial investment of about 200 crores and the work has already been started. Vipul Kamat, MD, DNR Group, made a huge statement “Companies are on the verge of transformation and this is going to continue for a while now. But once things start returning to normal, people are going to vouch for quality over anything else. So, the key would be to choose better landlords, partners and projects in the office sector and any sector for that matter”.
All About DNR Altitude
The project is a TOD i.e. Transit-Oriented Development and is located in an absolutely amazing place with Metro station and Bus stand being very close to it. It is strategically situated in close proximity to various landmarks like WTC at Brigade Gateway. The COVID requirements are being kept as a priority because even post-pandemic, people will be looking for ways to have huge spaces so that they could manage the work-life balance, anti-microbial finished areas, less technology more luxury, and other things like that.
The company is also working on various other sections in the country and has been working in India for over a decade now. They have created some amazing offices like One Horizon Center in Gurgaon, which is amongst one of the finest offices in the country. The design team has done an amazing job yet again with the DNR Altitude and the company is expecting to deliver a future-ready office that would be loved by employees. Hines has historically developed, regrouped, and redeveloped acquired with more than 1486 properties. They are slowly moving to tier-2 cities as well, making sure they reach a wider set of audiences. The company also has around 171 properties that are under development and they are looking forward to more.