Rajeswari Infra plans to foray into commercial real estate market

04 Jan 2012 Evaluate

Rajeswari Infrastructure, a Chennai based construction and infrastructure developer is planning to enter into commercial real estate market. In this regard, the company has identified and a suitable land of about 20,000 sq ft on the GST Road, Chennai as the said area is fastest developing suburbs in Chennai and it hosts a sizeable number of educational institutions and residential projects.

The company plans to develop a shopping mall with multiplex. The construction activity is proposed to commence soon. The project is planned to be completed by March 2013. The mall is set for a grand launch in April 2013. This is the first commercial venture by the company and it is planning for few other commercial projects.

During last year, the company had entered into the hospitality sector by launching its first serviced apartment at Pallikaranai in Chennai.

Earlier, the company had completed various project namely Mugalivakkam (Rajeswari Nagar Ph-I), Mugalivakkam(Rajeswari Nagar Ph-II), Mugalivakkam(Rajeswari Nagar Ph-III), Mugalivakkam Phase-I, Mugalivakkam Phase-II, Mugalivakkam Phase-III, Velachery Phase-I, Velachery Phase-II, Nanmangalam, Mugalivakkam Arumugam Nagar Phase-I and Mugalivakkam Sabari Nagar.

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