Saturday, March 17, 2007

Go South: Foreign realty funds flock to Chennai


Chennai is on the radar of foreign real estate funds and large developers after the southern city recently witnessed two big-ticket property deals.

AIG Real Estate Fund along with the Bangalore-based real estate firm RMZ Corporation has purchased an 11-acre plot at Guindy belonging to Hindustan Teleprinters (HTL), a subsidary of telecom equipment maker HFCL, for Rs 298.10 crore.

Read more at Apnaloan.com