Inno Real Estate launched Inno GeoCity

Published: June 23, 2010 at 6:35 PM | Author: Administrator
News Source: Indian Realty News

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Inno GeoCity; a residential project, is launched by Inno Real Estate in Oragadam near Chennai. This firm is a division of Inno while Inno is a , a global investment group focussed on Indian real estate with operations in India, Middle East and Europe.

On Monday, Rajamannar Ramaswamy, the Group Managing Director said that GeoCity is the first own development project of Inno. Till now, they just used to fund other projects and they have already six Indian projects with a total gross development value (GDV) of Rs. 2,600 crore.

Sajid Sathak, the Managing Director said that Geocity, which is spread over an area of 131 acres would be a self-contained township and that it would have a GDV of Rs. 750 cr. 4,000 residential units would be available for buyers plus amenities such as shopping mall, school and medical facilities would be there.

The first phase of GeoCity will consist of 1,000 units and would complete within 1.5 years. The houses would fall in any of the three categories; Row House I, Row House II and twin house. The cost of houses would fall in the range of Rs. 17 lakhs to Rs. 22 lakh.

Inno GeoCity

Spread over a lavish 131 acres, Inno GeoCity is a modern self-contained township located at Oragadam – the rapidly growing world-class industrial belt southwest of Chennai – one of the hottest investment destinations in the country. Inno GeoCity is an elegant fusion of location advantage and value engineering. With great infrastructure, well-planned layouts and essential civic amenities, including a prestigious school, Inno GeoCity is designed to be a comprehensive township that delivers a healthy work-life balance redefining suburban living in India. In short, a great home in a great location at a great price.

About Inno Real Estate

Inno is a global investment group focused on real-estate with operations in Europe, Middle East and India. Inno, promoted by Rajamannar Ramaswamy and Sajid Sathak (both are Belgian nationals of Indian origin), has an enviable portfolio that spans the entire spectrum of the business – from Investments to Fund Management to Advisory to Development across residential, commercial, industrial & infrastructure.