(NEW DELHI) – Hines, the international real estate firm, and Conscient Infrastructure, have launched Elevate Homes, a development management platform for residential projects. The new platform will build premium projects on a development management model offering the entire range of services required for building successful marquee projects.
Elevate Homes will engage best-in-class design consultants and architects offering high-end amenities, designed to give a quality lifestyle experience to the residents.
“Elevate is one of the bestselling projects in Gurugram commanding a premium to the micro market due to the value it offers to the customers,” said Amit Diwan, country head for Hines India. “We are delighted to partner with Conscient again, this time for a platform that will execute multiple projects in Gurugram, Delhi and Noida. Hines and Conscient have built an effective joint team over the last six years and will now leverage the international expertise and domestic experience to fill the void of a development services company.
Elevate Homes platform will take up multiple projects of different sizes and cost as per requirement of the customers. Each project will have its own its own design and features, complemented with a dedicated project execution team.
“We are very excited about the launch of Elevate Homes and are confident that this will add a new chapter to this era of premium living,” said Rajesh Jain, managing director, Conscient. “It synergises the strengths of both Conscient and Hines in a growing market where customers are increasingly more informed and discerning. Elevate Homes will have end to end design, development, sales, and CRM capabilities. We should be announcing our first project in Q2 2022”.
Hines and Conscient have previously partnered in 2019 to develop Project Elevate at Golf Course Road (extension) in Gurugram, India. Project Elevate has been a resounding success with a total sale turnover of over Rs. 1,100 crore (~USD140 million) and is widely acknowledged as one of the best projects in the city. Construction is at advanced stages and the project is scheduled for a before time delivery in 2024, despite the interruptions caused by the COVID-19 pandemic and the NGT.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billion¹. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.
Visit www.hines.com for more information.
¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2021.
Founded in the year 1975, Conscient Infrastructure Pvt. Ltd. deals in luxury residential properties and commercial properties across India. The company’s operations span all aspects of real estate development, ranging from identification and acquisition of land, planning, execution, and marketing of the projects to maintenance and management of completed developments. The company is known for on-time delivery, high quality products and reliability. One of the most trusted and highly regarded developers, Conscient is the name behind some of the most distinguished residential projects in the country.