Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Hines India will invest in residential projects

investmentHines India Real Estate Pvt. Ltd, the local unit of a US-based realty firm, plans to invest into residential development projects in India and warehousing and logistics sector.

Hines has built many landmark towers such as the Bank of America Center in Houston and the EDF Tower in Paris.

In 2007, Hines set up a Rs 1650 crore equity fund to invest in real estate projects. So far the private equity firm has invested around Rs 1100 crore across two projects in Gurgaon, one in the equal joint venture with DLF and the other an office development with HMS Real Estate.

According to Hines, it is the right time to invest in the residential property market in India as the average price points for residential properties in the metro market have moved up appreciably.

Hines India will also set up a separate warehousing and logistics arm to cash in on a maturing retail market. They have a previous experience of similar venture in Brazil and China.

To read more real estate stories:

NRI’s eye on Indian realty

New mid-segment apartment project in Noida

Source: Live mint

2 Responses to “Hines India will invest in residential projects”

  1. [...] Hines India will invest in residential projects [...]

  2. [...] Read the article: Hines India will invest in residential projects – CommonFloor.com [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!