Shriram Properties and ASK property jointly invest Rs 206 crore in Chennai
Leading residential real estate developer Shriram Properties and ASK Property Fund have jointly acquired 100% development rights in an ongoing project in Chennai valued at around Rs 206 crore.
The acquisition was through SPL’s wholly-owned subsidiary, Shrivision Elevations Private Limited, with the working capital needed to be met separately by the partners. As per information the newly acquired residential project in Mangadu will be launched as “Shriram 122 West” near the Porur - Manapakkam IT cluster and the upcoming metro corridor.
Also Read: Shriram Properties To Invest Rs 750 Crore In This Fiscal Year