DNR and Hines begin Altitude construction

DNR Group and Hines, an international real estate firm, on October 27 announced the start of construction of DNR Altitude. Bhoomi Pujan was recently performed at the site to mark the beginning of the construction.

According to a press release, Altitude is located on a four-acre commercial site owned by DNR Group in Yeshwanthpur, a rapidly transforming corridor and an emerging alternate to CBD, with excellent connectivity to public transportation in Bengaluru. The project with 1 million sq. ft of built-up area will have a Grade-A quality 20-storey office tower with accompanying amenity spaces, said the release.

An initial investment of Rs. 200 crore has already been made in the project added the release.

Vipul Kumat, Managing Director, DNR Group, 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 to 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.”

Monish Krishna, Managing Director-Development, Hines India, said, “We have been working in India for over a decade to create landmark office spaces like One Horizon Centre on Golf Course Road, Gurgaon, one of the finest office spaces in India. The design team has done an excellent job and we are confident of bringing a future-ready office project incorporating Hines’ latest knowledge from around the world. This project will be the address of choice for office goers in future.”