Hines Announces Partnership With Tata Housing In Thane

(MUMBAI, INDIA) – Hines, the international real estate firm, has entered into a partnership with Tata Housing, one of the fastest growing real estate companies in India, to invest $23 million towards the development of India’s first wellness homes project – Serein. Located in Thane, an upcoming and highly desirable place to live and work, the finely crafted project is RERA registered and offers homebuyers the luxury of spacious two, three- and four-bedroom, hall, kitchen apartments with a starting price of Rs. 1.65 crore.

Spread across 7.3 acres, Serein will have 4 four 33-story towers, each with a central green activity zone. The architectural design of this development takes advantage of its strategic location at the edge of the Sanjay Gandhi National Park, social infrastructure including reputed schools and hospitals, and excellent connectivity to BKC and South Mumbai via the Eastern Express highway. Serein will be one of the most exclusive and sustainable residential developments in Thane.

“Hines India is at a point of inflexion. Having done the hard work over the past decade, we see our residential and commercial businesses growing in the future. This partnership with Tata Housing is consistent with and a key component of our growth strategy,” said Lee Timmins, CEO of Hines Eurasia.

In a joint statement, Alex Felez Buchholz, Managing Director, Development and Tina Rawla, Chief Financial Officer for Hines India said, “Hines is pleased to partner with Tata Housing on this project and this investment brings together the strengths of two like-minded groups for the benefit of the project’s customers. We look forward to expanding our partnership with Tata Housing in the future by doing more business together.”

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