CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
handshake (image) handshake (image)

Stories

Hines - Goel Ganga Corporation, Transaction Advisory in Kharadi, Pune, India

Goel Ganga Corporation is a well-established name in residential development in Pune and has delivered over 30 M SF. The client wanted to enter commercial office space development & create a new benchmark in the industry. Goel Ganga Corporation owned a prime land parcel of 43 acres in Kharadi, Pune with a development potential of 7 M SF of built up area. 

01 THE CHALLENGE

Goel Ganga Corporation wanted to develop a marquee asset to create a landmark in the market and compete with the established commercial developers. The group had never developed large scale commercial projects which was a major challenge to achieve the above objective. Also, they wanted to retain the entire project and wanted to participate in the entire development cycle. 

02 THE SOLUTION

Cushman & Wakefield’s Capital Markets team, after fully understanding the group’s requirement, suggested Development Management partnership with a US based realty firm Hines. Hines was already exploring options to enter commercial segment in Pune. Considering the individual strategic objectives of the both firms, the partnership was a perfect synergy.  

03 THE RESULT

Cushman & Wakefield team facilitated bringing both the partners together with a common goal of building a marquee project in Kharadi, Pune. In this partnership, Goel Ganga Corporation contributes their deep local expertise with respect to market knowledge & Hines brings its world-class development experience, including design, construction, leasing and asset management. Development Management Agreement has been signed on June 2021 & the project is currently in design stage for Phase 1 of 2.4 M SF. 

 

Meet the team

Saurabh Bakliwal Senior Associate Director (image)
Saurabh Bakliwal

Director
Pune, India


Download VCard

Saurabh Shatdal.png
Saurabh Shatdal

Managing Director, Capital Markets and Head Retail
Mumbai, India


Download VCard

WE’RE ON HAND TO HELP

Contact us to discuss how our experience on this project could be translated to your business requirements.

Related Stories

Cushman & Wakefield
Title • Technology
Learn More
Cushman & Wakefield
Computer Security Software Company • Technology
Learn More
Kalpataru
Kalpataru, India • Residential
Learn More

Related Services

Centre of Analytics
Providing data-backed insights and business intelligence to drive real estate strategy
Learn more
India Occupier Services
Real estate decision making can be rigorous and complex; but has far reaching impact on our client’s businesses, culture and thus business objectives.
Learn more
Facilities Services

Are you ready for what’s next in facilities management? Our facilities management team harnesses the latest in technology and innovation to provide best-in-class direct facilities services delivery to occupiers.

Learn more

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS