Chennai based Pelican Realty Ventures Private Limited and Coimbatore based Covai Property Centre (India) Private Limited have drawn up plans to raise an integrated residential township in Pinnachikuppam village in Bahoor commune panchayat limits near here.
The project would go on stream in the next two years.
Nirmal Nath, CEO of Pelican Belfort Township,promoted by Pelican Realty Ventures Private Limited, told reporters here yesterday that the township would come up on 52 acres and have all facilities including underground cable system and underground sewerage and telephone facilities.
As many as 400 independent houses would come up on 32 acres in the overall layout.
The township has been named `Pelican Belfort Township`.The Covai Property Centre is going ahead with raising as many as 400 houses at an investment of Rs 220 crore.
With over 7.5 lakh square feet of construction experience, this project 'Serene Pelican Puducherry` aims at meeting the requirements of senior citizens` lifestyles.
Those who have retired or plan to retire and those aged above 50 or whose children have moved away would find this project an ideal investment avenue, Col(retd) A Sridharan, managing Director of Covai Property Centre (India) Private Limited.