Houston-based global real estate investment manager Hines and New Delhi-based premium developer Kanakia Group have announced a landmark office development in Mumbai, India’s key financial hub. Japanese conglomerates Mitsubishi Estate Co. and Sumitomo Corp are also joint venture partners in the project.
The 1.5 million sq ft Grade A office development will rise on a 3-acre site in the Greater Bandra Kurla Complex (BKC) precinct. It will feature premium amenities, as well as F&B and retail offerings. Designed by renowned American architecture firm Kohn Pedersen Fox, the development will overlook more than 200 acres of the low-rise Mumbai University campus, offering expansive views of green open spaces.
The project targets top-tier sustainability and smart building certifications, including USGBC LEED, WELL, WiredScore, and SmartScore.
Strategically located, the project will benefit from connectivity via the BKC Connector Road, the Santacruz–Chembur Link Road (SCLR) extension, upcoming Metro lines, and the future Mumbai–Ahmedabad Bullet Train terminus.
“This project marks a significant milestone in our journey in India,” said Amit Diwan, senior managing director and head of India at Hines. He added that Hines and Kanakia have jointly worked on the development for over a year.
Kanakia Group is the land partner for the project. “The site holds special significance for us,” said Rasesh B. Kanakia, chairman of Kanakia Group. “We are confident that Hines will deliver a world-class product that sets new benchmarks in India.”
Since entering India in 2006, Hines has grown its portfolio to 12 projects across the office and residential sectors. It now operates in five major Indian cities: Delhi, Mumbai, Bangalore, Pune, and Ahmedabad.
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