Realty investment firm Hines to focus on southern India
Real Estate

Realty investment firm Hines to focus on southern India

US-based real estate investment firm Hines plans to increase its presence in southern India by entering the Chennai and Hyderabad real estate sectors as it aims to double its Indian portfolio over the next two to three years, its country head Amit Diwan said.

Currently, Bengaluru is the largest market for Hines India, with two office projects and one residential project totalling more than 4.2 million square feet.

“We are expecting southern India to be our single largest chunk of investment in India and maybe we will do multiple deals a year,” said Diwan.

The company plans to invest a minimum $50 million for each major investment across markets. It will explore new office projects through development management and forward purchase agreements, apart from looking at greenfield acquisitions in prime locations, including Mumbai and Gurugram.

“We have a pipeline across all these markets,” said Diwan.

Currently, Hines India company has projects spread over 12.5 million sq ft in its Indian portfolio. Ithas seven office and three residential projects under various stages of development across the National Capital Region (NCR), Mumbai, Bengaluru and Pune.

“We have not deployed capital in India in the last three years ... we decided to build execution capabilities before deploying capital,” said Diwan.

Also Read:
Interest rate hike has not deterred most home buyers: survey
Housing sales in major cities see 9-year high: Knight Frank


US-based real estate investment firm Hines plans to increase its presence in southern India by entering the Chennai and Hyderabad real estate sectors as it aims to double its Indian portfolio over the next two to three years, its country head Amit Diwan said. Currently, Bengaluru is the largest market for Hines India, with two office projects and one residential project totalling more than 4.2 million square feet. “We are expecting southern India to be our single largest chunk of investment in India and maybe we will do multiple deals a year,” said Diwan. The company plans to invest a minimum $50 million for each major investment across markets. It will explore new office projects through development management and forward purchase agreements, apart from looking at greenfield acquisitions in prime locations, including Mumbai and Gurugram. “We have a pipeline across all these markets,” said Diwan. Currently, Hines India company has projects spread over 12.5 million sq ft in its Indian portfolio. Ithas seven office and three residential projects under various stages of development across the National Capital Region (NCR), Mumbai, Bengaluru and Pune. “We have not deployed capital in India in the last three years ... we decided to build execution capabilities before deploying capital,” said Diwan. Also Read: Interest rate hike has not deterred most home buyers: survey Housing sales in major cities see 9-year high: Knight Frank

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000