Real estate firm Hines and DNR Group have commenced construction of DNR Altitude, an office project in the Indian state of Karnataka.
This project is situated on a 4-acre commercial site, which is owned by DNR Group, in Yeshwanthpur, Bengaluru, Karnataka.
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With one million feet of built-up area, the project will feature a grade-A 20-storey office tower along with amenity spaces.
The companies have collaborated last year for the development of the project, which is a Transit Oriented Development (TOD) with immediate access to bus station, SBD Growth Corridor and Metro.
The project involves an initial investment of $26.7m and is anticipated to be completed by the second quarter of 2024.
Hines stated that the new office tower will be Covid future proof, incorporating elements such as anti-microbial finishes in common areas, vertical transportation system, spacious circulation areas as well as adoption of touch-less technologies.
It will also have handling, queuing and holding spaces to ensure social distancing.
DNR Group managing director Vipul Kumat said: “The office sector today is at a pivotal point of transformation that is likely to continue for a while. However, it is certain that once things start returning to normal, quality is going be the key.
“The occupier, who will ultimately drive the value in the office sector, is going to choose better partners, better landlords and better projects.
“Therefore, the developers who have better quality projects to showcase will stand to benefit. I am confident that Altitude will stand apart from the rest and offer an unparalleled workplace experience to the customers.”
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Rendering of DNR Altitude in Karnataka, India. Credit: Hines.
