DLF readies Rs 10k-cr realty push

CHENNAI: Real estate developer DLF is investing Rs 10,000 crore in Tamil Nadu. The projects include a six-million sq ft IT park coming up over a 42-acre plot in Chennai, a shopping mall in the heart of the city and a residential township spread over 100 acres on the IT Corridor (OMR).

In addition, DLF has offered to participate in infrastructure projects to be initiated in the state by the government. The offer includes participating in creating infrastructure facilities in Chennai airport, besides developing ring-roads around Tier-II cities like Coimbatore, Madurai and Tiruchi. Rajeev Singh, vice-chairman, DLF, called on Tamil Nadu chief minister M Karunanidhi on Sunday morning.

State electricity minister Arcot N Veerasamy and PWD minister Duraimurugan were also present. “We are committed to invest Rs 10,000 crore or well over $2bn in various real estate and infrastructure projects in Tamil Nadu,” official sources in DLF told ET. Construction activity for DLF’s first project in Tamil Nadu — a six- million sq ft IT park at Manapakkam in Chennai, the largest IT park in the state — is already under way.