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ETA Star Properties pumping investments of about 923 Million in Chennai

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In the propose to strike the growing demand for housing ventures in India, ETA Star Property Developers Ltd., the group of Dubai based ETA Ascon had proclaimed to invest USD 923 Million to build an InfoTech Park in Chennai. IT Park will extend in an area of 100 acres will be the house for top software companies like Microsoft, Intel and IBM and it’s commercial element will be developed as a part of super housing venture. Its part of 350 acres IT Township venture which holds housing units extended across 200 acres, said Syed M Salahuddin, MD of ETA Ascon Group to www.propertykhazana.com. Venture will also comprise 17.5 Million Sq.ft for building of flats, row residences, bungalows, shopping malls, hospitals, schools, hotels and service flats.
Sources revealed at www.propertykhazana.com said in facet that with this forthcoming venture the group’s total land investment in India risen to Dh16.44 Billion as of date. Company has set up its initial housing venture in Chennai as a part of Dh11 Billion investment venture in Tamil Nadu. ETA Star is eagerly investigating investment selection in India and will taper down on the top once which gets in handful. One more venture in country’s list is Jasmine Court Housing Development and will start in few months presenting investors varied dimension flats extended to 4.4 acres of scenery land close to Chennai International Airport with a collection of amenities comprising Swimming Pool, GYM and Basketball Court.
Source: NIMMA BENGALURU

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