News Digest

05 December 2017
Real estate: Hines to invest $23 million in Tata H

Hines, a global real estate investment and management firm with $100 billion in assets under management, will invest $23 million in Tata Housing Development Co. Ltd's premium wellness-themed project Serein at Thane, Maharashtra. The money will go towards development of the project. Last year, Tata Housing announced the project Serein, which will be spread across 7.3 acres and have four, 33-storey towers and a total of 740 flats. The homes are priced in the premium segment, ranging from Rs1.65 crore for a two bedroom-hall-kitchen apartment, to Rs2 crore for a three-bedroom unit. “Our partnership with Hines is in line with our long-term growth strategy of expanding our premium and luxury portfolio with iconic projects at marque locations across the country. This partnership will help us bring in the global best practices from Hines internationally. We look forward to expanding our association with Hines for future projects,” said Brotin Banerjee, chief executive and managing director of Tata Housing.

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