Hines and partner begin work on second phase of $202m India residential project

Phase II of Elevate, a joint residential development by Hines and Conscient Infrastructure Pvt. Ltd., has been recently launched. The total cost involved on this project is Rs. 1,500 crore ($202 million) out of which 55 percent has been spent on Phase I (approximately Rs. 800 crores/$94.2 million) and about 45 percent is dedicated to Phase II (approximately Rs. 700 crores/$82.4 million).

Hines and Conscient announced a joint venture to develop Elevate in June 2019. The premium project is Hiness first residential venture in India. Conscient Infrastructure is the developer for the project while Hines is the investment manager and adviser.

Phase II of Elevate will offer 248 apartments. Tenants can choose from three-bedroom units,  three-bedroom + powder room, and three-bedroom + powder room and a study. The apartments have premium specifications and have been designed to offer a luxury lifestyle.