Business

Hines to invest $23 million in Tata Housing project

Hines, an international real estate firm, has announced plans to invest $23 million in Tata Housing in its under-construction wellness homes project, Serein, in Thane, near Mumbai.

“This investment is in line with our thesis of providing equity capital to Tier-I developers on residential projects, catering to the needs of the upper-middle and luxury segments. This also marks the entry for Hines in Mumbai,” said Amit Diwan, senior director, Hines India.

Brotin Banerjee, CEO and managing director, Tata Housing said, “This partnership will help us bring in the global best practices from Hines internationally. We look forward to expanding our association.”

In India, Hines has developed One Horizon Center and Skyview Corporate Park, and invested in an upcoming residential project on Golf Course Extension Road in Gurgaon with Conscient Group.

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Printable version | Jun 4, 2020 9:19:02 PM | https://www.thehindu.com/business/hines-to-invest-23-million-in-tata-housing-project/article21261500.ece

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