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DUBAI, May 1 Asia Pulse - ETA Star, the first freehold property developer in the region to receive an ISO 9001: 2000 certification, has recently launched its first residential project in Chennai, India, representing the start of the company's AED 11 billion (US$3 billion) investment foray into the Tamil Nadu region.
Construction will commence within the next few months on the AED 800 million Jasmine Court residential development, offering investors mixed-size apartments distributed over 4.4 acres of landscaped property near the Chennai International Airport, with facilities including a children's play area, a swimming pool, a gymnasium and basketball court.
"Chennai is a great place for property investment at the moment as it is the third largest commercial and industrial centre in India and it attracts a large number of professional residents and also many tourists who come to visit the numerous sporting venues in the city," said Abid A. Junaid, Executive Director, ETA Star.
"We are aiming to redefine the Indian real estate industry by offering investors projects like Jasmine Court, which promote the ...