After a span often years, India's largest real estate developer, DLFLtd, is gearing up to re-enter Chennai, one of India's largest markets, through a plotted residential development project in the OMR (Old Mahabalipuram Road) region.
The company is also planning to come up with two other residential projects-a high-rise premium project in Central Chennai and another one at Sriperumbadur on the outskirts of the city.
The OMR project is likely to see an investment of around ₹150 crore, with an expected turnover of around ₹700 crore. After Gurugram, Delhi and Chandigarh, DLF has its highest land bank of around 12 million square feet in Chennai. The project in OMR will be spread across 85 acres and close to 1,500 plots will be available in the range of ₹20 lakh to ₹70 lakh.
This story is from the February 28, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 28, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
India yet to pull the plug on its Covid vaccination drive
Experts feel paid vaccine shots should continue to be available for elderly and comorbid
APEX CAPEX
How is govt capital expenditure driving India's growth? Will RBI's suggested provisioning affect it?
What ails public sector banks?
Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation- ruining actions
Eyes on Earth: Data helps farming and industry
Tremendous strides are being made in Earth observation (EO) and agriculture technology (agritech) as the world braces for the impact of climate change.
Stuck in neutral? TaMo's upsides may sputter on demand worries
STILL REVS UP FOR ROAD AHEAD: Automaker optimistic despite current roadblocks, banking on economic growth and government support to accelerate progress
New economy, old habits
The world is fast-tracking the transition to a green economy.
Lost a shock absorber
Exchange-rate flexibility is a shock absorber.
China credit shrinks for first time
Credit contracts as government bonds record net repayment
US aims to stay ahead of China in using AI to fly fighter jets
Two Air Force fighter jets recently squared off in a dogfight in California.
India may export 18 mt of rice in 2024-25: USDA
India will remain a leading player in the world rice market despite restrictions, according to a recent projection by the United States Department of Agriculture (USDA).
