Chennai based Jain Housing & Constructions will be investing Rs.700 crore in a residential project at Khajaguda in Ranga Reddy district of Andhra Pradesh.
The project – Jains Carlton Creek – is a joint venture with city-based Narne Homes, which will provide the 13 acres of plot to Jain for developing the venture.
The project consists of 1,120 two/three-bedroom flats (3,395 sq.ft onwards). Modern amenities, including modular kitchens, designer bathrooms, panoramic windows, centralized gas pipeline system, cable television network, round the clock security and power back-up with a generator, will be provided. The entire project is expected to be completed within a period of three years.
Jain Housing is also planning to develop another residential project in the city near Bundlaguda exclusively for IT professionals. The company in the process of acquiring five acres of land for the project.