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DLF And Hines Commence Construction Of Second Commercial Project In Gurgaon


DLF and Hines commence construction of second commercial project in Gurgaon
Hines and DLF formed a joint venture in 2019 to develop an office complex in Phase -V, Udyog Vihar, NH - 48, 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. ....

Amit Diwan , Sriram Khattar , Pelli Clarke , Udyog Vihar , Managing Director , Country Head , Real Estate , அமித் திவான் , ஸ்ரீராம் காட்டார் , பெள்லி கிளார்க் , உதியோக் விஹார் , நிர்வகித்தல் இயக்குனர் , நாடு தலை , ரியல் எஸ்டேட் ,

DLF-Hines JV to invest Rs 1,300 cr on construction of Gurugram project


Realty major DLF and US-based Hines will invest around Rs 1,300 crore to construct the first phase of a premium commercial project, largely office space, in Gurugram, a senior company official said.
The construction of this project, comprising 2.55 million sq ft area in the first phase, has started, Managing Director of DLF Rental Business Sriram Khattar said.
DLF and Hines had formed a joint venture in March last year to develop this project on a 11.76 acre land parcel bought by DLF in 2018 for nearly Rs 1,500 crore through an e-auction conducted by the Haryana government.
In March last year, DLF sold 33 per cent stake in this commercial project to Hines for around Rs 650 crore. ....

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DLF jumps as arm to buy out Hines' stake in One Horizon Centre


DLF rose 5.26% to Rs 238 after the company s subsidiary DLF Cyber City Developers (DCCDL) signed agreement with Hines to acquire 51.8% stake in Fairleaf Real Estate for 780 crore.
In a BSE filing made during market hours today, the realty major said that DCCDL currently held 48.2% stake in Fairleaf Real Estate. Fairleaf is a joint venture company, with funds managed by Hines, which owns and operates One Horizon Center, Gurugram.
One Horizon Centre is an asset forming part of a larger mixed-use development located in DLF 5, Gurugram. The leasable area of the property is approximately 8,13,000 square feet offering high-end Grade A office spaces along with complementary retail space. ....

Sriram Khattar , Cyber City Developers , Horizon Center , Horizon Centre , City Developers , Fairleaf Real Estate , Fairleaf Real , One Horizon Center , Rental Business , Capital Market , ஸ்ரீராம் காட்டார் , சைபர் நகரம் டெவலப்பர்கள் , அடிவானம் மையம் , நகரம் டெவலப்பர்கள் , ஒன்று அடிவானம் மையம் , வாடகை வணிக , மூலதனம் சந்தை ,

DLF's rental subsidiary plans to put 'One Horizon Center' in REIT


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