Hines Real Estate lines up $300 mn India fund

Hines India Real Estate, a wholly owned subsidiary of American realty giant Hines, has set up a $300 million fund dedicated for projects in India. “We have an investment fund in India with $300 million of equity which should sponsor projects up to a billion dollars in total value,” said Yash Gupta, joint managing director, Hines India. Hines is one of the largest real estate developers in the world. It is a privately-held firm with a presence in over 96 cities across the globe. Its portfolio consists of around 950 properties and the firm controls assets valued at approximately $16 billion.