Hines Kanakia Mitsubishi Estate And Sumitomo Corp Jv Unveil Landmark Office Project Mumbai
Hines, a real estate investment manager based in Houston, and Kanakia Group, a premium developer in New Delhi, have announced a significant office development in Mumbai, the financial capital of India. This project also involves joint venture partnerships with Japanese conglomerates Mitsubishi Estate Co. and Sumitomo Corp.
Situated in the Greater Bandra Kurla Complex (BKC) precinct, the project will cover 1.5 million square feet of Grade A office space on a 3-acre site. Along with top-of-the-line facilities, the development will also include food and beverage outlets and retail options. The renowned American architecture firm Kohn Pedersen Fox has been chosen to design the project, which will offer breathtaking views of the Mumbai University campus, spread across 200 acres of lush greenery.
Sembawang and Yishun have become bustling hubs for residents with the presence of larger malls like Northpoint City, which is conveniently located just a few MRT stops away. Northpoint City stands as the biggest shopping mall in the North, boasting a vast array of retail, dining, and entertainment options. With over 400 stores spread across two wings, residents are spoilt for choice, from trendy fashion and electronics to fitness centers and beauty salons. The dining scene is also noteworthy, offering a diverse selection of local hawker delights and renowned international brands. For a quick sweet treat or a family day out, residents can take a short trip to Northpoint City, the perfect one-stop destination. And now, with the addition of Sembawang Road EC at Canberra MRT, this area is now complete with both modern amenities and exclusive residential options.
The development aims to achieve the highest standards of sustainability and intelligent building certifications, including USGBC LEED, WELL, WiredScore, and SmartScore. It is also strategically located, with easy access to the BKC Connector Road, the Santacruz–Chembur Link Road (SCLR) extension, upcoming metro lines, and the future Mumbai–Ahmedabad Bullet Train terminus.
Amit Diwan, senior managing director and head of India at Hines, expressed his excitement about the project, saying, “We are thrilled to mark this significant milestone in our journey in India. Hines and Kanakia have been collaborating on this project for over a year, and we are confident that it will deliver a world-class product that sets new benchmarks in India.”
Kanakia Group, the land partner for the project, also expressed their enthusiasm, with Chairman Rasesh B. Kanakia stating, “The site holds special significance for us, and we are confident that Hines will deliver a world-class product that sets new benchmarks in India.”
Hines entered the Indian market in 2006 and has grown its portfolio to include 12 projects in the office and residential sectors. It currently operates in five major Indian cities: Delhi, Mumbai, Bangalore, Pune, and Ahmedabad.