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Textile machinery manufacturing major Lakshmi Machine Works has partnered with property developer Sobha to promote a housing development project, élan, at Ganapathy in Coimbatore. The project is coming up on a 4.76-acre plot owned by LMW.
The 236-apartment project comprising single, double and three-bedroom apartments, is expected to be completed and handed over to buyers by June 2016.
Sobha Developers is quoting Rs 42 lakhs for a single bedroom apartment.
“The bhoomi pooja is over, but we are yet to commence booking,” the Deputy Managing Director of Sobha Developers P. Ramakrishnan said.
The total investment on the project is estimated at Rs 165 cr.
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