SSI, has entered into a joint
development agreement with a consortium of Unitech and Arihant Foundation to
develop an integrated township in Chennai. The proposed agreement is on a
revenue sharing basis of 43:53 between SSI and the consortium.
The project will be mainly developed
as a residential township with supportive retail and commercial space. With
approximately 4000 units and a total build up area of 7 million sq.ft the
project is expected to be completed over 7 years.