Our Portfolio
Fund investments across asset classes, verticals and locations
Other projects in this Asset Class
- Lalith Gangadhar Constructions Pvt Ltd
- Project level Investment with Janapriya Engineers Syndicate Limited in low cost housing project, Hyderabad
- Residential Villa project by Adarsh Developers, Bangalore
- Project Level Investment with Dheeraj Realty Group in residential project, Kalina, Mumbai
- Project level with Emaar MGF (EMGF) for a Residential Project, NCR
KS Realty Construction: Mixed Use Residential Project, Chennai
Key Facts
Year: 2007
Fund: Kotak India Real Estate Fund I
Type: Asset / Project level investment
Status: Invested
Summary: 20 acres land parcel
Location: Old Mahabalipuram Road, Chennai – Southern India
Company / Project Overview
Project comprises real estate development potential of ~1.7 sq. ft. across residential and commercial. The project has road frontage on the Old Mahabalipuram Road (“OMR”) and is located at Kelambakkam, approximately 5 km from the 800 acres SIPCOT Industrial Park at Siruseri.
Key features of the project location:
IT/ ITES activity in Chennai is housed in the suburbs along the OMR and in the Mahindra IT city. OMR, 45-km IT corridor, currently extends from 1 mn sq. ft. Tidel Park to Siruseri (25-km.). The IT corridor runs parallel to the entertainment corridor along the scenic east coast highway.
The Fund acquired the project / asset in 2007 from an asset reconstruction company under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002.
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