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U.S. firm launches project in Coimbatore

Mint Homes, the U.S.-based real estate development and construction group, has launched a Rs.100 crore residential project in Coimbatore. Promoted by Raj Natarajan, a non-resident Indian, the company has decided to have Coimbatore as its main centre for Indian operations.

Its maiden project in the country is “The Retreat” in Coimbatore. This is a 136-apartment venture on 2.7 acres in Sowripalayam. “We have already invested Rs. 25 crore in the project,” he told presspersons here. The commercial launch of the project will be in January 2008.

The first tower that will be ready for handing over to customers by January 2009 will have 40 apartments.

M. SOUNDARIYA PREETHA

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