Jain Housing and Constructions, a prominent player in the South Indian property market, has officially inaugurated its two grand residential projects, named ‘Carlton Greek’. The ambitious undertaking will see the development of 1,120 stylish apartments, executed in two distinct phases with an impressive total investment of Rs 950 crore.
According to the company’s CEO, Vijay Kumar, and Managing Director Sundeep Mehta, the completion of this project is targeted for the year 2011. Last year, Jain Housing reported a turnover of Rs 280 crore, complemented by an impressive profit after tax amounting to Rs 120 crore.
The portfolio of Jain Housing is notable, comprising over 150 residential projects. Among these, they have successfully completed 4.5 million square feet of construction and currently have over 10 million square feet of ongoing developments.
In a statement, Mr. Mehta mentioned, “Exuding elegance, grandeur and style, this ultra indulgent residential offering unfolds a refreshing idiom of home design that radiates a pleasing balance of form and function.”