HOUSTON—Hines is entering the Indian residential market.

Hines India Residential has been conceived to invest in multi-phased, for-sale residential developments that require long-term equity capital, with a particular focus in key urban centers of India, like the National Capital Region (NCR), the Mumbai Metropolitan Region (MMR), Bangalore and Pune. The program has an initial capitalization of more than $250 million, and its focus is to partner with local Indian developers. The partnership will leverage local partners' Indian experience and Hines global know-how in designing and developing differentiated residential products that creates value for end users.

Jeff Hines, Hines president and CEO, said, “In emerging markets that are undersupplied in all asset classes, the execution of Hines' best practices by dedicated, local and long-tenured management teams results in a strict approach to risk management that is flexible for local conditions and ultimately delivers better performance for our investors.”