Hines India to venture into three projects with local builders by FY22

Real estate firm Hines Interests Limited Partnership plans to expand its business in India by forming at least three local partnerships for projects in major cities.

Amit Diwan, Managing Director and Country Head of Hines India Real Estate Private Limited told media that the company is in talks with a few local builders and landowners to acquire new projects through a development management (DM) fee model or joint ventures.

Hines has sold his interests in both projects. Hines is currently working on three different housing projects.

It has partnered with Tata Housing to build 750 apartments in the Serein housing project in Mumbai.

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