Business Daily from THE HINDU group of publications
Friday, Apr 13, 2007

Cross Currency

Group Sites

Industry & Economy - Real Estate & Construction
States - Tamil Nadu
Chennai Citi Centre building: `Norms will be complied with'

M. Ramesh

Chennai April 12 The Chennai Citi Centre building will not be demolished, a senior official of the ETA group, whose promoters own the building, said today.The mega shopping mall was built recently and houses INOX movie theatres, food courts and shops of Adidas, Arrow, Barista, KFC, Helvetica, Gangothri, Indigo Nation, Landmark, Louis Phillippe, Titan and Wangs Kitchen.

Authorities had threatened to pull down the building citing deviations in construction norms.

Mr P.H.M. Syed Ismail, Managing Director, ETA Star Properties Ltd, said that the deviations amounted to "only six per cent" and there was sufficient room to rectify the violations. The rectification would be done in 4-6 months' time, Mr Ismail said.

"We will comply with all the norms of the Town and Country Planning Regulations, 1971," he said, adding that there were many buildings in Chennai with far more serious violations of the rules.

Residential project

Mr Ismail was talking to Business Line on the sidelines of a press conference held to announce the company's launch of a Rs 84-crore residential project in Chennai.

Located 11 km away on either direction from Kathipara junction and Sriperumbudur, the 2.87 lakh sq. ft, 6-block complex will house 219 apartments and will also feature amenities such as a swimming pool, a gymnasium, children's play area, a supermarket and a cafeteria.

ETA Star is selling the properties at Rs 2,990 per sq.ft., Mr Ismail said. ETA Star is also building residential complexes at Padur on Old Mahabalipuram road, Greenways Road and a commercial building at where the Anand Theatre stands today.

More Stories on : Real Estate & Construction | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Credit counselling for the urban spendthrift

FICCI moots new Employment Act
Indian patent law — Needed, proper definition of `inventive step'
HC quashes order on dispossession of small farmer's land
Manufacturing pushes up industrial growth
Additional posts in CBEC cleared
Cabinet gives nod for PSU fert units revival
RBI eases norms for infrastructure financing
`Prepare infrastructure projects fast for pvt investment'
Retirement age in PSUs raised
Oil marketing cos irked over Reliance's LPG sale plan
New petrochem policy aims at leap in plastic consumption
Petrol dealers drop stir plan
BRPL lines up Rs 2,000-cr investment
Tata Power told to stop overdrawing
Fuel cess funds for NHAI project approved
Textiles: India, China, Bangladesh `benefit in post-quota regime'
Tiruchi fabrication sector has scope for growth'
546 units identified for sample survey in Coimbatore
SAIL will import more coal via Paradip, Haldia, Vizag ports
Realtor Emaar MGF entering education sector
`Practical learning is the best method of education'
SVE College gets accreditation
IT finishing school at Mysore to produce 5,000 graduates this year
Chennai Citi Centre building: `Norms will be complied with'
NAC to open 40 more centres by year-end
QVC Realty gets $100-m funding
Agni III test-fired successfully
Investors review Salim group's bike project in Bengal
WTO lauds India, Vietnam on trade performance
Breakthrough in trade talks unlikely: Schwab
RCom, BSNL bag bulk of rural cellular project
AP plans society to curb urban poverty
Nabard scheme for MFIs
Export shipments held up due to computer glitch
Gujarat Govt move to hive off hotels for tourism promotion

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line