DNR Group & Hines Begin Construction of Bengaluru Office Tower
DNR Group and Hines, the international real estate firm, announced the start of construction of DNR Altitude, located on a 4-acre commercial site owned by DNR Group, in Yeshwanthpur, a rapidly transforming corridor and an emerging alternate to CBD, with excellent connectivity to public transportation in Bengaluru. The project with 1 million sq. ft of built-up area will have a grade-A quality 20-storey office tower with accompanying amenity spaces. An initial investment of Rs. 200 Cr has already been made in the project. DNR Group and Hines entered into a partnership in 2020 to develop the project. While Hines brings its world-class development experience to the table, including design, construction, leasing and asset management, DNR Group as Developer will also bring all their deep knowledge towards development, local expertise, and procurement capabilities. Altitude is expected to be completed by end-2024 with an investment of approximately Rs. 650 Cr. Vipul Kumat, Managing Director, DNR Group said, “The office sector today is at a pivotal point of transformation that is likely to continue for a while. However, it is certain that once things start returning to normal, quality is going be the key. The occupier, who will ultimately drive the value in the office sector, is going to choose better partners, better landlords and better projects. Therefore, the developers who have better quality projects to showcase will stand to benefit. I am confident that Altitude will stand apart from the rest and offer an unparalleled workplace experience to the customers.” Monish Krishna, Managing Director - Development, Hines India said, “We have been working in India for over a decade to create landmark office spaces like One Horizon Center on Golf Course Road, Gurgaon, one of the finest office spaces in India. The design team has done an excellent job and we are confident of bringing a future-ready office project incorporating Hines’ latest knowledge from around the world. This project will be the address of choice for office goers in future.” Altitude is a TOD (Transit Oriented Development) with close proximity to Metro, bus station and SBD Growth Corridor. The project is COVID future proof incorporating elements provisions as per IGBC and WELL standards.
Tags : News/Views Bengaluru IGBC Hines office tower Occupier DNR Group Workplace Experience Transit Oriented Development WELL Standards