Hines-GGC ties up for ₹1,200-cr commercial complex in Pune
The US-based realty firm Hines has tied up with Goel Ganga Corporation to develop a premium office complex in Pune at an investment of ₹1,200 crore. Hines, a privately-owned global real estate investment firm, entered India in 2006 and has so far invested over USD 400 million in equity for the development of projects across major cities. Hines India MD and Country Head Amit Diwan informed that the company has signed a binding agreement with Goel Ganga Corporation to develop 2.4 million sq ft of Grade-A office space at Kharadi in Pune. Hines has signed this project on a development management fee model and it is its ninth project in India and also marks its entry into Pune property markets. The company entered Mumbai in 2017, Bangalore in 2019 and now Pune and there is a plan to consolidate and grow deeper in each city across the country. Goel Ganga Corporation has 43 acres of land parcels and out of that 15-20 acres will be used for the development of 2.4 million sq ft (square feet). The construction work will start in the next few months and leasing is expected to begin by the end of next year. Hines would also reach out to its global clients for the development of built-to-suit complexes in this project.
📅Published on:
18 June 2021
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
