Chennai-based Vijay Shanthi Builders will be investing Rs.1,595 crore to develop residential projects in and around Chennai over the next two years.

The residential projects will be funded through internal accruals. In Chennai, the company's proposed projects in Aynavaram, Adyar and Kellis will need an investment of around Rs.80 crore. The investment in Nugambakkam and Besant Nagar projects will be around Rs.140 crore and Rs.170 crore respectively. The company is developing 100 villas in Salem at an investment of Rs.125 crore and these will be completed in the next 36 months. Some more housing projects are planned in Ambattur at an investment cost of Rs.350 crore, near Sripermbudur for around Rs.150 crore and at Kelambakkam with an investment of Rs.280 crore.

The company has recently launched another housing project - 'Lotus Pond' at Thaiyar near Chennai at an investment outlay of Rs.300 crore. The housing project is being developed on 11 acre and it will have 1,200 units with single, two and three bedroom apartments between 400 sq ft and 1,157 sq ft. The project is scheduled to be completed in the next 21 months.