May 28, 2008 / 10:46 AM / 9 years ago

SSI, Unitech consortium to develop township in Chennai

MUMBAI, May 28 (Reuters) - Real estate firm SSI Ltd SSI.BO said on Wednesday a consortium with Unitech (UNTE.BO) and Arihant Foundations (ARFL.BO) will jointly develop an integrated township at a 70-acre property in Chennai.

The township project is expected to yield built-up space of 7.6 million sq ft for residential, commercial and retail units.

The project is expected to generate revenue of 20 billion rupees over seven years for SSI, it said in a release.

Reporting by Prashant Mehra; Editing by Prem Udayabhanu

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