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Chennai's Real Estate Hits New High

Saturday, March 10, 2007

Chennai's Real Estate Market hit a new high today with HFCL owned Hindustan Teleprinters selling a 11 acre plot for a whopping Rs 298 crore. Who is the BUYER at this abnormal price ? RMZ Corp of Bangalore / Bengalooru.

RMZ Corp paid Rs 27 crore / acre for the 11 acre plot located at Guindy near Chennai's western industrial suburb.

Just last month, Kothari's backed by Ambani's had picked up Rs 175 crore property on Boat Club Road. I am sure RBI and P Chidambaram are looking into these deals.

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