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DLF & Hines begins construction of second commercial project

Wednesday, 13 Jan 2021
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Construction of the second joint venture project between Hines and DLF has commenced. Hines and DLF formed a joint venture in 2019 to develop an office complex in Phase -V, Udyog Vihar, NH-48 in Gurugram, Haryana. 
 
Spread across 11.76 acre commercial land parcel, the project will be developed in phases, with Phase-I being 2.55 mm sq ft. 
 
In August 2020, the project secured a construction loan of Rs 2,600 crore from HDFC for development of Phase-I. Unimpeded by COVID, the project construction is as per schedule and targeted to be completed in stages in 2023-24. 
 
The project is designed by consultants led by US-based firm, Pelli Clarke Pelli Architects, whom Hines has roped in for the first time in Delhi / NCR for this project. 
 
The project will incorporate health & safety standards and has already secured IGBC Platinum pre-certification demonstrating its commitment towards environmental sustainability. It is designed to achieve Well Certification and USGBC Platinum Certification for enhanced tenant comfort and wellbeing.
 
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