Vijay Shanthi Builders Enters Agreement For Rs 135 Crore Chennai Apartment Project

Online, October 11, 2010 (Newswire.com) - The project is located on a 6.5-acre property in Madhavaram, in north Chennai. 300 two and three bed-room apartments up to 1,500 sq ft are likely to come up on this site.

According to news reports, Vijay Shanthi is also looking to develop a 400-apartment complex on a 10-acre site on the Kelambakkam - Vandalur road, off the OId Mahabalipuram Road, Chennai's IT corridor. Pricing would be in the Rs35-45 lakh range. The company is also planning a 400-apartment complex in Pattaraivakkam near Ambattur in West Chennai. Apartments here would be priced between Rs 25-35 lakh.

The company also is planning a 400-apartment project spread over a 10 acre area, off the Old Mahabalipuram Road to the south of Chennai. This would come up on the road linking Kelambakkam-Vandalur. This would be in the Rs 35-45 lakh segment. Through another project, Vijay Shanthi Builders would offer over 400 apartments to the west of Chennai at Pattaraivakkam, near Ambattur. This would be in the Rs 25-35 lakh segment, he said.

In the premium segment the company is planning apartments in Egmore priced around Rs 3 crore, and Rs 1.5 crore row-houses in Paiyur in south Chennai.