Wednesday, July 6, 2011

Rs 250 crore to Be Invested by Asset Homes in the Next Two Years

Asset Homes, the Cochin based real estate company will be investing Rs 250 in the coming two years as a part of commissioning its nine ongoing projects. As per K A Mohamed Salim, the Managing Director of Asset Homes, the company is planning to expand its business into the major south Indian cities such as Chennai and Bangalore.

The new projects that are proposed in Kerala would be coming at locations such as Kozhikode, Kannur,  Thrissur and Kottayam. Of these the projects at Kozhikode and Kottayam would be commenced in the next two months. Besides these the company would also be launching five premium residential projects  in the major locations of Ernakulam district such as Aluva, Palarivattam, Cheranalloor, Pallimukku, Jawahar Nagar and Kalamassery.

The company will soon launch a project named Picasso Palette at Devalokam Kottayam and this would be followed by a second project at Kanjikuzhy.

Asset Homes boasts of completing and delivering 23 projects in 46 months. Asset Ipulse near Infopark, Kakkanad is their 24th project which is supposed to be launched on July 23.

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