Vision India Real Estate planned for an investment of $100 to 200 million in  Chennai  in the next two years. Ilan Elad, Executive Director of the company, told this.

He was speaking at the launch of ‘The Gem Grove’ one of the project on housing. It is a  collaboration between Gem Group and Vision India.

“The Gem grove will be a self-contained family community with mid-rise buildings placed well apart from each other without any common partition walls. All the special amenities such as the club house, gyms and sports facilities will be run and maintained by expert consultants.” according the Chairman of GEM Group Mr Veeramani .The project’s one, two, three and four BHK apartments range from 550 sq. ft. to 2,300 sq. ft.

Starting at Rs.2,399 per sq. ft., the Gem Grove will have three blocks ready for occupancy by July 2012 and the remaining three blocks ready for occupancy by May 2013.Square feet rate starting at Rs.2,399.

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