News
& Views on Indian Real Estate
Thursday, August 14, 2008
ETA Star to come up with a township In Sriperumbudur
ETA Star Property Developers Ltd is planning to come up with a mega integrated township on a sprawling 400 acres of land at Sriperumbudur near Chennai with an estimated cost of nearly Rs 7, 500 crore, said Mr. P H M Syed Ismail, Managing Director, ETA Star Property. Of the projected 3 crore sq ft built-up area, nearly 70% would be towards residential and the rest will be for commercial and other purposes. It will house IT SEZ, a medical college with a hospital, hotel, multiplexes, commercial space, school and all basic facilities.
ETA Star Property Developers Ltd., an offshoot of the Dubai-headquartered $ 6 billion ETA Star conglomerate, announced the launch of ‘ETA Star Rosedale’ on the Rajiv Gandhi Salai, Old Mahabalipuram Road. This especially sculpted and unique, 444-unit apartment complex/community is designed to change the life style living.
“The flats ranging from Rs 30–Rs 60 lakhs will cater to the multivarious interests of our customers, and for the first time the convenience of single-bedroom units is being offered on OM Road. The cost of each unit will depend on the area chosen by a prospective buyer,” said Mr. P. H. M. Syed Ismail, Managing Director of ETA Star Property Developers Ltd.