Hines plans to raise $500 mn India-dedicated fund in next 2 quarters
Real Estate

Hines plans to raise $500 mn India-dedicated fund in next 2 quarters

Global real estate investment and development company Hines is planning to raise the India-dedicated fund worth $500 million in the coming two quarters as part of its growth strategy. It will be a close-ended fund with an entire tenure of 10 years.

Hines India plans to commit about half of this fund in the first year itself and has already begun exploring investment opportunities for this. Hines India aims to boost its presence in the nation through new partnerships and alliances.

The firm is exploring new office projects via development management deals in Bangalore, Pune and Mumbai property markets each. Additionally, it is likely to declare a housing project in Mumbai and Gurgaon shortly. Presently, the firm has projects spread over a total of 12 million sq ft under pipeline comprising the construction and design stage and the new fund is likely to increase its portfolio further.

The firm is open to several growth options comprising direct acquisitions, joint ventures (JV), development management, forward funding and asset management.

Hines forayed into the Indian property market in 2006 and initially set up and leased two office developments comprising One Horizon Center and Skyview Corporate Park in Gurgaon. The firm, so far, has a $1.2 billion worth of portfolio with procured, managed and under development assets.

Presently, Hines has five offices and three residential projects under different stages of expansion across the National Capital Region (NCR), Mumbai, Bangalore and Pune. In addition to its first office in Gurgaon, the firm has also opened new offices in Bangalore, Pune and Mumbai and aims to explore more property markets.

The US-based firm Hines aims to increase its India exposure with a plan to raise a fund earmarked to investments in office properties in the nation in the backdrop of a series of reforms enhancing the business environment, according to a top official of the company.

Image Source

Also read: K2 Group India joins strategic real estate investment advisory firm

Global real estate investment and development company Hines is planning to raise the India-dedicated fund worth $500 million in the coming two quarters as part of its growth strategy. It will be a close-ended fund with an entire tenure of 10 years. Hines India plans to commit about half of this fund in the first year itself and has already begun exploring investment opportunities for this. Hines India aims to boost its presence in the nation through new partnerships and alliances. The firm is exploring new office projects via development management deals in Bangalore, Pune and Mumbai property markets each. Additionally, it is likely to declare a housing project in Mumbai and Gurgaon shortly. Presently, the firm has projects spread over a total of 12 million sq ft under pipeline comprising the construction and design stage and the new fund is likely to increase its portfolio further. The firm is open to several growth options comprising direct acquisitions, joint ventures (JV), development management, forward funding and asset management. Hines forayed into the Indian property market in 2006 and initially set up and leased two office developments comprising One Horizon Center and Skyview Corporate Park in Gurgaon. The firm, so far, has a $1.2 billion worth of portfolio with procured, managed and under development assets. Presently, Hines has five offices and three residential projects under different stages of expansion across the National Capital Region (NCR), Mumbai, Bangalore and Pune. In addition to its first office in Gurgaon, the firm has also opened new offices in Bangalore, Pune and Mumbai and aims to explore more property markets. The US-based firm Hines aims to increase its India exposure with a plan to raise a fund earmarked to investments in office properties in the nation in the backdrop of a series of reforms enhancing the business environment, according to a top official of the company. Image Source Also read: K2 Group India joins strategic real estate investment advisory firm

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?