Hines, Kanakia Group, and Japanese partners have announced a 1.5 million sq. ft. trophy office development in Mumbai’s BKC. The project will offer premium office, retail, and F&B spaces designed by Kohn Pedersen Fox. With strong connectivity and sustainability goals, it highlights growing global interest in India’s office space market.
Hines, a global leader in real estate investment, has teamed up with Kanakia Group to unveil a landmark office development in Mumbai’s prestigious Greater Bandra Kurla Complex (BKC) area. The joint venture also includes Japan’s Mitsubishi Estate Co., Ltd. (MEC) and Sumitomo Corporation, bringing a powerful international collaboration to India’s booming commercial real estate market.
The 1.5 million-square-foot project will rise on a 3-acre site and is being designed by the acclaimed American architecture firm Kohn Pedersen Fox. It will feature high-end office spaces and premium food, beverage, and retail offerings, adding to BKC’s growing appeal as a top-tier business destination.
“This project marks a significant milestone in our journey in India,” said Amit Diwan, Senior Managing Director and Head of India at Hines. “It reflects our commitment to deepening our presence in Mumbai and highlights our strategic partnerships with MEC and Sumitomo.”
The upcoming development boasts sweeping views of over 200 acres of the low-rise Mumbai University campus. It benefits from key connectivity points such as the BKC Connector, the SCLR extension, future Metro lines, and the planned Mumbai–Ahmedabad Bullet Train terminus. These transit links are expected to enhance access and boost the project’s commercial value.
Rasesh B. Kanakia, Chairman of Kanakia Group, emphasised the project’s local significance: “We are delighted to partner with Hines, MEC, and Sumitomo on this prestigious trophy office project in the heart of Mumbai. This site holds special significance for us, and we are confident that Hines will bring a world-class product that will set new standards in India.”
Thanks to strong economic fundamentals and a growing working-age population, India’s commercial real estate sector has been attracting increasing attention from domestic and global investors. Mumbai and cities like Bangalore, Delhi, and Pune continue to deliver some of the highest rental yields globally.
“Given India’s strong demographic tailwinds, along with the right fundamentals and market conditions, we’ve been seeing more investor interest in the country and continued demand for our office and residential projects,” added Diwan. “This project is an excellent addition to our India portfolio, and we look forward to delivering the highest quality development that Hines is known for.”
Since entering India in 2006, Hines has built a robust presence with a portfolio spanning 12 office and residential developments across five major cities. The new BKC office space aims to achieve top certifications, including USGBC LEED, WELL, WiredScore, and SmartScore, ensuring global sustainability and technology standards.
This high-profile project underscores the growing momentum in India’s flexible and premium office space market, signalling continued confidence from global investors in the country’s real estate sector.
Leave a Comment
You must be logged in to post a comment.