DLF & Hines JV to develop a future-proof office project in Gurugram

Hines, the international real estate firm and DLF, the largest publicly listed real estate company in India, have been working together with DLF for the past ten years to create landmark developments. The One Horizon Center on Golf Course Road, one of the finest office spaces in India, is a case in point. The partners are now taking this partnership to the next level by joining hands to develop a future-proof office project in Phase-V, Udyog Vihar, NH-48, Gurugram. It will incorporate Hines’ latest knowledge from around the world, including intensive involvement of its Conceptual Construction Group and Office of Innovations.

“This project will be the address of choice in future,” says Amit Diwan, MD and Country Head for Hines India. He informs that the project is being designed by some of the world’s best design consultants led by award-wining design architect Pelli Clarke Pelli. The project will incorporate world class health and safety standards and has already secured IGBC Platinum pre-certification for its commitment to environment sustainability and will procure Well Certification for tenant comfort.

Said Ashok Tyagi, Group CFO, DLF Ltd, “Implementing international best practices in the Indian conditions has been the hallmark of our partnership with Hines. After a successful collaboration in the past, we are now looking forward to take the relationship forward with the new development.”

Spread across 11.76 acres commercial land parcel, the project will be developed in two phases - 2.55 mm sf will be developed in Phase 1 while the rest will be developed in Phase 2 and is scheduled to be completed in 2023-24.

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