Hines, Kanakia announces trophy office project in Mumbai

31 May 2025 CW Team

The development is a joint venture between Hines, Mitsubishi Estate Co., Ltd. (MEC), and Sumitomo Corporation, with Kanakia Group as the land partner. It is being designed by renowned American architecture firm Kohn Pedersen Fox.

“This project marks a significant milestone in our journey in India,” said Amit Diwan, Senior Managing Director and Head of India at Hines. “It reflects our commitment to deepening our presence in Mumbai and highlights our strategic partnerships with MEC and Sumitomo. This project is a collaboration with Kanakia Group, a highly experienced real estate player in Mumbai, who brings significant local knowledge and expertise that we greatly value. Hines and Kanakia teams have worked on this project jointly for over a year already, and the project is progressing very well.”

Rasesh B. Kanakia, Chairman of Kanakia Group said, “We are delighted to partner with Hines, MEC, and Sumitomo on this prestigious trophy office project in the heart of Mumbai. This site holds special significance for us, and we are confident that Hines will bring a world-class product that will set new standards in India.”

Overlooking more than 200 acres of the low-rise Mumbai University campus, the office will offer expansive views and green surroundings. The location benefits from multiple connectivity options including the BKC Connector Road, the Santacruz–Chembur Link Road (SCLR) extension, upcoming Metro lines, and the Mumbai–Ahmedabad Bullet Train terminus.

India’s office sector continues to attract interest from domestic and global players, backed by favourable demographics and a growing working-age population. Mumbai, Bangalore, Delhi, and Pune continue to offer some of the highest rental yields globally.

“Given India’s strong demographic tailwinds, along with the right fundamentals and market conditions, we’ve been seeing more investor interest in the country and continued demand for our office and residential projects,” said Diwan. “This project is an excellent addition to our India portfolio, and we look forward to delivering the highest quality development that Hines is known for.”

Since entering India in 2006, Hines has developed a diverse portfolio of 12 office and residential projects and currently operates across five major cities – Delhi/NCR, Mumbai, Bangalore, Pune, and Ahmedabad. The new development aims to secure certifications including USGBC LEED, WELL, WiredScore, and SmartScore.

Hines, a leading global real estate investment manager, and Kanakia Group, a premium Indian real estate developer, have unveiled a trophy office development in Mumbai’s Greater Bandra Kurla Complex (BKC) precinct. The project will span approximately 1.5 million square feet on a 3-acre site, featuring premium office spaces along with top-tier F&B and retail zones. The development is a joint venture between Hines, Mitsubishi Estate Co., Ltd. (MEC), and Sumitomo Corporation, with Kanakia Group as the land partner. It is being designed by renowned American architecture firm Kohn Pedersen Fox. “This project marks a significant milestone in our journey in India,” said Amit Diwan, Senior Managing Director and Head of India at Hines. “It reflects our commitment to deepening our presence in Mumbai and highlights our strategic partnerships with MEC and Sumitomo. This project is a collaboration with Kanakia Group, a highly experienced real estate player in Mumbai, who brings significant local knowledge and expertise that we greatly value. Hines and Kanakia teams have worked on this project jointly for over a year already, and the project is progressing very well.” Rasesh B. Kanakia, Chairman of Kanakia Group said, “We are delighted to partner with Hines, MEC, and Sumitomo on this prestigious trophy office project in the heart of Mumbai. This site holds special significance for us, and we are confident that Hines will bring a world-class product that will set new standards in India.” Overlooking more than 200 acres of the low-rise Mumbai University campus, the office will offer expansive views and green surroundings. The location benefits from multiple connectivity options including the BKC Connector Road, the Santacruz–Chembur Link Road (SCLR) extension, upcoming Metro lines, and the Mumbai–Ahmedabad Bullet Train terminus. India’s office sector continues to attract interest from domestic and global players, backed by favourable demographics and a growing working-age population. Mumbai, Bangalore, Delhi, and Pune continue to offer some of the highest rental yields globally. “Given India’s strong demographic tailwinds, along with the right fundamentals and market conditions, we’ve been seeing more investor interest in the country and continued demand for our office and residential projects,” said Diwan. “This project is an excellent addition to our India portfolio, and we look forward to delivering the highest quality development that Hines is known for.” Since entering India in 2006, Hines has developed a diverse portfolio of 12 office and residential projects and currently operates across five major cities – Delhi/NCR, Mumbai, Bangalore, Pune, and Ahmedabad. The new development aims to secure certifications including USGBC LEED, WELL, WiredScore, and SmartScore.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..