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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..