Hines inks deal with DNR Grp for 1 million sq ft office project in Bengaluru
New Delhi: International realty player Hines has joined hands with Bengaluru-based DNR Group to develop an office complex in the IT capital of the country having 1 million square feet of built-up area.
The office project in Bengaluru will have 20 floors and the ground breaking by the first quarter of next year and is likely to be completed by 2023.
The project will be developed on a 4-acre land parcel which is owned by DNR Group. The project will be located in Yeshwantpur, Hines said in a statement.
Hines has projects in 205 cities in 24 countries. It entered the realty market of India in 2006 but this will be the first project of the company in Bengaluru. Hines has invested USD 400 million for the development of six real estate projects.