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Investment World
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Real Estate & Construction
Americorp plans big
The Americorp Group plans to
bring in over Rs 1,300 crore
investments into real-estate
business in India, apart from
investments in a major township
project near Chennai, according
to Mr Harish Fabiani, Chairman,
Americorp Group.
Mr Fabiani told Business Line
that the company recently
acquired nearly an acre of land at
Worli, a prime locality in
Mumbai, where it plans to
construct a 30-storey building to set
up its corporate headquarters and
lease out the surplus space.
The construction cost would work out about Rs 100 crore but
the lease revenue would be ten times as much, he said.
Americorp, which has been in real-estate business since 1998,
entered India in 2003. Its projects include an IT park of 2.45
million sq.ft in Chennai, a 1.8 million sq.ft IT SEZ in
Coimbatore, a 26 acre IT SEZ and a hotel and retail project over
5.8 acres in Pune, a hotel project in Bangalore and an IT SEZ
and integrated township at Chinglepet near Chennai.
OUR BUREAU
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