The US-based real estate player Hines has tied up with DNR group to develop a premium commercial project in Bengaluru comprising two million square feet of leasable area. This is the second office project being developed by both the companies in partnership with each other. The project 'DNR Nagavara' will be developed on an 11.3-acre land parcel located in an established micro-market adjacent to Manyata Tech Park and Karle Town Centre in North Bengaluru.
With DNR as the project owner and Hines as the development manager, the total leasable area of the project is estimated to be two million square feet and is expected to be completed by the fourth quarter of 2026. Senior MD and Country Head of Hines India, Amit Diwan, informed that the Bengaluru office development business with DNR group was set up in 2020 and now has grown to be their largest project portfolio in the country. Hines and DNR have established a successful partnership, which has laid the foundation for them to come together again and expand the relationship to build yet another Grade-A office project, which will be attractive to both built-to-suit and multi-tenanted options for its occupier partners.