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.

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