Shriram properties enters Coimbatore

Shriram Properties, a leading construction firm, is setting up residential properties in 8.15 acres of land in the city.

To be built at an estimated investment of Rs.120 crore, the project `Shriram Vijaya Hyyde Park,' would be completed by 2008, housing 32 villas and 272 apartments, M Murali, Managing Director of the company, told reporters here yesterday.

The company, part of $ 4.2 billion Shriram Group, "has a dominant presence" in South India, with delivered built up space of over four million Sq.ft and has under implementation of about 14 million sq.ft, including over 5.30 million sq ft in association with Sun Appollo in Chennai, he said.

It also had plans to build a shopping mall of international standard, with an estimated investment of Rs.150 crore, he said.

The company, which has its future plans to set up IT park in Coimbatore, was in dialogue with leading IT companies for setting up their units, he said

Courtesy : The Hindu