Hines has planned to increase its presence in southern India by entering the Chennai and Hyderabad real estate sectors to double its Indian portfolio over the next two to three years. Currently, Bengaluru is the largest market for Hines India, with two office projects and one residential project totalling more than 4.2 mn sq ft. The company plans to invest a minimum $50 mn 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.
Contact: Hines
Tel: 0124-480 2222
Website: www.hines.com