DLF to invest $2.1 Billion in Tamil Nadu real estate and infrastructure
Chennai, October 8, 2006 : Real estate giant DLF plans to invest $2.1 billion in the Southern Indian state of Tamil Nadu on real estate and infrastructure projects. The investment would go towards development of Special Economic Zones, integrated townships, hotels and convention centres.
In a meeting with Chief Minister M. Karunanidhi, DLF vice-chairman Rajiv Singh proposed that the company would build a multi-product SEZ and satellite town at Nanguneri, Hosur or Perambalur. The company is also interested in developing infrastructure - roads, bridges, airports - through a public-private partnership model.
The company plans to build ring roads in Madurai and Coimbatore. The company already has a few residential projects underway in Chennai as well as a 42-acre IT park in the city.
By INRnews Correspondent
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