Hine has signed definitive Joint Development Agreement in Sector 59 Gurugram with Conscient Infrastructure.

Hine has signed definitive Joint Development Agreement in Sector 59 Gurugram with Conscient Infrastructure.

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5 year(s) ago

Hines Announces First Luxury Housing Project in India. Hines, a global real estate investor, has partnered with Conscient Infrastructure to develop a high-end residential project named Elevate in Gurugram, India. Hine has signed definitive Joint Development Agreement in Gurugram with Conscient Infrastructure.

  • Project Highlights:

    • Estimated Cost: Rs 1,500 crore (including land cost)
    • Developer Equity: Rs 500 crore joint venture fund
    • Unit Count: 556 luxury apartments
    • Price Range: Rs 2.2 crore to Rs 4 crore per unit
    • Location: 8-acre land parcel in Sector 59, Gurugram
    • Completion Timeline: 3.5 years
    • Construction Start: July 2019
    • Sales Launch: Mid-August 2019
  • Significance:

    • Marks Hines’ entry into the Indian residential market.
    • Combines Hines’ international expertise with Conscient’s local market understanding.
  • Additional Information:

    • The project is financed in part by Hines’ USD 250 million residential fund.
    • Specific investment details by each partner and land ownership agreements are undisclosed.

This joint venture positions Hines for further diversification in India’s booming real estate market.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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