Advertisement
Thursday, Oct 21, 2021
Outlook.com
Outlook.com

Embassy Group on expansion mode in TN

Embassy Group on expansion mode in TN
outlookindia.com
1970-01-01T05:30:00+0530

Chennai, Jan 10(PTI) Property developer Embassy Group is currently expanding its commercial office space, residential projects as part of efforts to further its presence in the state, a company official said today.

The company was also setting up a residential project, Embassy Residency, the first integrated township for the group in the city, the group's Vice-President, Residential Business, Reeza Sebastian said in a statement here.

Besides, it also commenced work on its special economic zone called 'Embassy Tech Zone,' on a 30-acre property near Pallavaram here, she said.

Sebastian noted that "the city's steadily improving office market, improving fundamentals in the IT/ITeS and the growth of manufacturing have contributed to the real estate sector's superior performance. We at Embassy believe that Tamil Nadu has immense potential in the residential sector."

On the second phase of Embassy Residency project to come up in Sholinganallur near here, she said it would be launched "shortly."

The Embassy Group has partnered with Brookfield Asset Management to develop 200 acre plot of land in Sriperumbudur.

The company is planning to develop industrial and warehouse buildings and also sell industrial plots to end users on a build to suit basis, Sebastian said.

The total project cost is estimated to be Rs 900 crore and will take close to five to seven years, she added.


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

Syria Executes 24 People On Charges Of Igniting Wildfires

Syria Executes 24 People On Charges Of Igniting Wildfires

Wildfires broke out in several Middle Eastern countries in October 2020 amid a heat wave that was unusual for that time of the year, leaving Syria particularly hard-hit.

Akhilesh’s Strategy: Wean Back Most Backward Castes From BJP, But Will That Be Easy?

Akhilesh’s Strategy: Wean Back Most Backward Castes From BJP, But Will That Be Easy?

Observers feel that the smaller OBC castes, which were earlier with SP in significant numbers and shifted to the BSP to a reasonable extent in 2007, gradually shifted to the BJP over the last seven years.

SEBI Asks Investment Advisers To Abstain From Dealing In Digital Gold

SEBI Asks Investment Advisers To Abstain From Dealing In Digital Gold

The regulator informed that engaging in any unregulated activity involving distribution, advisory and implementation services pertaining to digital gold would put them in contravention of the SEBI Act, 1992.

More from Outlook Magazine

An Unfolding Dalit Movement In Tamil Nadu Has Escaped Nation’s Attention

An Unfolding Dalit Movement In Tamil Nadu Has Escaped Nation’s Attention

Poet and activist Meena Kandasamy visits ground zero of the grassroots movement down South to understand the caste divide in the state.

India Needs A Caste Census To Know Where The Marginalised Stand In The Development Index

India Needs A Caste Census To Know Where The Marginalised Stand In The Development Index

The aim of a caste census is not to know the numerical strength of a caste. Rather, it would reveal social inequalities for possible remedial measures.

Lakhimpur Kheri: Heartbreak And Tears As Families Try To Cope With Personal Grief

Lakhimpur Kheri: Heartbreak And Tears As Families Try To Cope With Personal Grief

Kin of killed farmers, BJP members have the same demand—justice for the dead.

Advertisement

Outlook Newsletters

Advertisement
Advertisement