DLF Group and Hines enters into Joint Venture in Gurugram for Office Complex

DLF and Hines Partner Again for Cutting-Edge Office Complex in Gurugram

Real estate giants DLF and Hines have joined forces once more to develop a state-of-the-art office complex in Gurugram, India. DLF and HInes has signed Joint venture agreement in gurugram for office complex.

Project Highlights:

• Joint Venture: This marks the second collaboration between DLF and Hines, solidifying their trust and commitment to each other.
• Prime Location: Situated in Phase V, Udyog Vihar, Gurugram, the project spans nearly 12 acres.
• Phased Development: Construction will occur in phases, with the first phase encompassing a significant 2.5 million square feet. Secured Financing: HDFC Ltd. provided a $355 million construction loan for Phase I in August 2020.
• Focus on Sustainability and Wellness: The project prioritizes safety, wellness, and sustainability, aligning with DLF’s core philosophy of delivering best-in-class sustainable workspaces.
• Future-Proof Design: Catering to evolving tenant needs, the development will incorporate new-age touchless technologies, advanced air filtration systems, enhanced security measures, and smart common area management.
• Award-Winning Design Team: Pelli Clarke Pelli Architects, a world-renowned architectural firm brought to the Delhi/NCR region for the first time by Hines, leads the design team.
• Sustainability Leadership: The project is pre-certified for IGBC Platinum, demonstrating its commitment to environmental responsibility. It also aspires to achieve Well Certification and USGBC LEED Platinum Certification upon completion, prioritizing tenant comfort and well-being.

This collaboration signifies DLF and Hines’ dedication to creating landmark developments that cater to the evolving needs of modern businesses and prioritize occupant well-being and environmental sustainability.