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Residential Township by Divyasree, Chennai

Key Facts

Year : 2007

Fund: Kotak Alternate Opportunities (India) Fund

Type: Asset / Project level investment

Status: Invested

Summary: Residential township spread over ~137 acres

Location: Old Mahabalipuram Road, Chennai – Southern India

Developer / Partner: Divyasree Developers

Company / Project Overview

The Project comprises a residential township spread over ~137 acre land parcel along the Old Mahabalipuram Road (“OMR”) in Chennai.

The project holds development potential of ~6 mn sq. ft. of residential space and shall offer varied residential products targeting demand at various price points. The project is planned to have residential space comprising primarily of independent single family homes, semi-detached row houses and apartments.

The project configuration shall also include necessary social infrastructure components such as community shopping, educational and healthcare areas.

The Fund invested in the project in 2007 to support development of residential township.

Partner / Developer Overview

Divyasree Developers is one of the reputed South India based developers with an experience of over three decades in the infrastructure business. It started real estate business in 1997, with development of commercial space/ IT parks/ built to suit facility and has recently diversified into residential spaces, leveraging its strong brand name and its experience in construction and infrastructure. Divyasree is primarily focused on developments in Bangalore and Hyderabad.

For more information, please visit www.divyasree.com/