HOUSTON—Hines is entering the Indianresidential market.

Hines India Residential has been conceived to invest inmulti-phased, for-sale residential developmentsthat require long-term equity capital, with a particular focus inkey urban centers of India, like the National Capital Region (NCR),the Mumbai Metropolitan Region (MMR), Bangalore and Pune. Theprogram has an initial capitalization of more than $250million, and its focus is to partner with local Indiandevelopers. The partnership will leverage local partners' Indianexperience and Hines global know-how in designing and developingdifferentiated residential products that creates value for endusers.

Jeff Hines, Hines president and CEO, said, “Inemerging markets that are undersupplied in all asset classes, theexecution of Hines' best practices by dedicated, local andlong-tenured management teams results in a strict approach to riskmanagement that is flexible for local conditions and ultimatelydelivers better performance for our investors.”