Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}
Hines & DNR Group Hines & DNR Group


Hines & DNR Group, office project on a 4-acre land parcel in Bengaluru, Capital Markets, India


DNR Group, a well-established name in Residential development in Bengaluru, wanted to enter into commercial office space development & create a new benchmark in the industry. The company owns a four-acre commercial land parcel in Yeshwantpur, a rapidly transforming corridor in Bengaluru and an emerging alternative to its commercial business district (CBD). The project has a development potential of 1 MSF built-up area.

DNR Group wants to develop a marquee asset to create a landmark in the market and compete with the well-established commercial developers. The group had never developed large scale commercial projects which was a major challenge to achieve the above objective. Also, they wanted to retain the entire project and wanted to participate in the entire development cycle and hence all convention forms of partnerships (JDA or JV) were ruled out.



Cushman & Wakefield’s Capital Markets team in India understood the group’s requirement and suggested a Development Management partnership with US based realty firm Hines. Hines was already exploring the commercial segment in Bengaluru. Given the objective of the group and Hines’s intent to enter Bengaluru, the partnership was a perfect synergy.


The Cushman & Wakefield team acted as an advisor and brought both the partners together with a common goal of building a marquee project in Yeshwanthpur, Bengaluru. In this partnership, Hines brings its world-class development experience, including design, construction, leasing and asset management. DNR Group complements the Hines group and bring their deep local expertise with respect to market knowledge.

The project with 1 MSF of built-up area, which is currently in a design stage, will have a 20-storey office tower with accompanying amenity spaces. DM Agreement was signed in May 2020. The construction work for the project is scheduled to start in Q1 2021, and complete in 2023.



Saurabh Shatdal

Managing Director, Capital Markets

Download VCard


Contact us to discuss how our experience on this project could be translated to your business requirements.

Related Stories

Cushman & Wakefield
Computer Security Software Company • Technology
Learn More
Kalpataru, India • Residential
Learn More
Cushman & Wakefield
Title • Technology
Learn More

Related Services

Strategic Consulting
Are you ready for what’s next in real estate? Our strategic consultants can assist with a wide range of business & real estate related challenges, helping to create and deliver actionable intelligence.
Learn more
Tenant Representation
A strategic approach to make your real estate vision a reality. Site selection and lease negotiations for occupiers of office, retail and industrial based on workplace and logistics strategies.
Learn more
Valuation & Advisory
Cushman & Wakefield India is one of the leading International Property Consultants for providing Valuation and Advisory Services. The team of 100+ employees with a cumulative experience and expertise of more than 20 years in the industry provides a broad spectrum of Valuation & Advisory Solutions across all the asset classes and businesses including Land & Building, Plant & Machinery and Technical Assessment & Monitoring services.
Learn more


Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All