Chennai based Vasavi Housing Infrastructure (VHIL) has formed a JV with Dewan
Housing Finance Venture Capital. The agreement has been signed for promoting its
project 'Marutham' located at Meppur, near Ponnamallee.
The project entailing a cost of around Rs 90 crore will be on 50:50 basis.
The project is coming up on six acre land comprising 400 apartments with sizes
ranging from 550 to 1300 sq ft. it is slated to be completed by March 2013. It
will have amenities like gymnasium, games room, swimming pool etc.