DLF & Hines Second Commercial Project In Gurugram
Construction of the second joint venture project between Hines, the international real estate firm, and DLF, the largest publicly listed real estate company in India, has commenced. Hines and DLF formed a joint venture in 2019 to develop an office complex in Phase -V, Udyog Vihar, NH - 48, Gurugram. Spread across 11.76 acres, the project will be developed in phases, with Phase I being 2.55 mm sf. In August 2020, the project secured a construction loan of Rs 2,600 crore from HDFC Ltd for the development of Phase I. Unimpeded by COVID, the project construction is as per the schedule and is targeted to be completed in stages in 2023-24. This marquee project is said to set new benchmarks in areas of safety, wellness, and sustainability and provide the best in class sustainable workspace solutions to clients. DLF and Hines have joined hands to create landmark developments in the past and with this project, we are taking our partnership to the next level by building future-proof offices that will address the needs of our tenantsThe project is designed by award-winning architect Pelli Clarke Pelli Architects.
Tags : News/Views Real Estate Gurugram construction DLF commercial project Hines