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Hines in new residential development partnership with Conscient Infra

Mint  

US-based real estate investment company Hines has partnered again with Conscient Infrastructure Pvt Ltd to launch ‘Elevate Homes', a development management platform for residential projects. The new platform will build premium housing projects under the development management (DM) model. Typically, under the DM model, a developer partners with the landlord or existing developer for a project, where it is responsible for construction, sales and marketing, and is a fee-based arrangement. In this case, Hines and Conscient will jointly develop the projects. The Elevate Homes platform will take up multiple projects of different sizes and cost as per requirement of the customers.