Realtor acquires land at Nemmeli village, plans to set up senior living project
The Hindu
The ₹120 crore project is by joint venture firm Kairav Developers Ltd
Arihant Foundations & Housing Ltd and Ashiana Housing Ltd-backed joint venture firm, Kairav Developers Ltd, has acquired a piece of land measuring 10.44 acres at Nemmeli village, Thiruporur taluk. The company will be developing a senior living project on this land bank, with an approximate saleable area of 5 lakh sq. ft.
“The development cost for the project would be approximately Rs.120 crore,” Kamal Lunawath, Managing Director of Arihant Foundations & Housing Ltd said. The project will be executed by Ashiana and Arihant together.
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