VGN Developers on 5 May 2010 launched a mini township - Platina - near
Ambattur in Chennai. The project is estimated to cost Rs 120 crore.
The project to be spread over 17 acre is likely to have over 610 apartments
ranging from 650 to 1,200 sq ft. The apartment range includes one, two, and
three-bedroom units. In addition, retail space and other amenities, including
gym, multipurpose hall and indoor game facility, pharmacy and sewage treatment
plant will also be available.
Meanwhile, the company is planning to raise Rs 600-700 crore private equity
(PE) fund to support its proposed investment of around Rs 3,000 crore in various
residential projects.
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Project profile