Embassy plans Rs 1,000 cr township in Chennai
PORTS & SHIPPING

Embassy plans Rs 1,000 cr township in Chennai

Embassy Property Developments, based in Bengaluru, plans to develop a township in Chennai at a cost of Rs 1,000 crore. Of the total investment, Rs 140 crore will be in equity from foreign institutional investors and promoters. The remaining portion will be funded through sales and booking and construction finance. It has floated a new special purpose vehicle for the same.

The company has acquired 25 acre at Perumbakkam. The project comprises 2,037 two-bedroom apartments, 556 three-bedroom apartments and 528 units for the economically weaker sections. The first phase offers apartments ranging between 650 sq ft and 1,400 sq ft.

Contact: Embassy Property Developments.Tel: 080-4179 9999. Fax: 080-2228 6912. Website: www.embassyindia.com

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Embassy Property Developments, based in Bengaluru, plans to develop a township in Chennai at a cost of Rs 1,000 crore. Of the total investment, Rs 140 crore will be in equity from foreign institutional investors and promoters. The remaining portion will be funded through sales and booking and construction finance. It has floated a new special purpose vehicle for the same. The company has acquired 25 acre at Perumbakkam. The project comprises 2,037 two-bedroom apartments, 556 three-bedroom apartments and 528 units for the economically weaker sections. The first phase offers apartments ranging between 650 sq ft and 1,400 sq ft. Contact: Embassy Property Developments.Tel: 080-4179 9999. Fax: 080-2228 6912. Website: www.embassyindia.com

Next Story
Real Estate

The Workplace Reset

If the past few years have seen sustainability emerge as a buzzword in the design of commercial spaces, the next few years will see the focus shift to ‘experience’. Workplaces that prioritise superior employee experiences consistently report stronger talent attraction and higher retention rates and productivity, while using resources sustainably.First things first; what sort of experiences are expected from a workplace?As Vandana Dhawan Saxena, Founder and Design Principal, Studio IV Designs, explains, “Offices have grown into environments that need to support various kinds of experience..

Next Story
Infrastructure Urban

Designing Human-Centric High-Rises

The Institution of Engineers (India) (IEI), Navi Mumbai Local Centre, under the aegis of the Architectural Engineering Division Board, organised a one-day national seminar, ‘Reaching New Heights – Overcoming High-Rise Construction Challenges’, at CBD Belapur, Navi Mumbai.The seminar brought together architects, engineers, planners, developers, academicians and industry professionals to deliberate on the design, construction, operation and sustainability of tall buildings in rapidly urbanising cities...To read the full article Click Here ..

Next Story
Infrastructure Urban

Carbon-negative and ultra-low carbon are not just claims!

In an interaction with Construction World, Tarun Jami, Founder, GreenJams, explains how the company is cutting cement’s carbon footprint by 80 per cent through Binder, while scaling innovations such as Agrocrete® and Novastone to make buildings lighter, faster and carbon-negative.Agrocrete® is positioned as a carbon-negative material. What does this mean for developers?For developers, Agrocrete® offers a practical way to reduce embodied carbon at the material level. Since walling forms a significant part of a building’s material footprint, using carbon-negative blocks can bring the net ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement