| "We have an investment fund in India with $300 million of equity which should sponsor projects up to a billion dollars in total value," said Yash Gupta, joint managing director, Hines India. |
| Hines is one of the largest real estate developers in the world. It is a privately-held firm with a presence in over 96 cities across the globe. Its portfolio consists of around 950 properties and the firm controls assets valued at approximately $16 billion. |
| The Indian office was opened last March and the firm has committed to only one project so far "� a city centre spread over 15 acres in Gurgaon in equal partnership with DLF. |
| This complex will comprise a 30-storey high office tower, retail, restaurant and entertainment venues, a hotel. To attract crowds and make it the "Connaught Place" of Gurgaon, this city centre with also have landscaped exterior and interior public spaces. |
| "We are more interested in quality than quantity. Hines India will develop iconic landmarks in the country," said Gupta. |
| The company has decided to stick to just the metros, as it believes this is where the true demand for quality exists. |
| It is keen to develop projects in the National Capital Region, Mumbai and Bangalore. "Our presence in Chennai, Hyderabad and Kolkata will be reactive to a good opportunity coming up," said Gupta. |
| The company is looking to develop high-end office and residential space, integrated townships and IT/ ITeS special economic zones. |
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