Urban infrastructure firm SSI has entered into a joint development agreement with a consortium of Unitech and Arihant Foundation to develop a 70-acre integrated township in Chennai.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>SSI stated that the joint development venture, based on 43:57 revenue sharing model, is expected to generate Rs 2000 crore cash flow for the company. </P>
</p><p class='TableClas'>With approximately 4000 units and a total build up area of&nbsp; 7 million sq.ft the project is expected to be completed over 7 years. The project will be mainly developed as a residential township with supportive retail and commercial space.</P></p></table>


SSI, Unitech JV for township in Chennai

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