Chennai-based Akshaya Homes is planning to invest around Rs 300 crore in 11 projects over the next 16 months.

Chairman and chief executive officer T Chitty Babu said three commercial projects including an IT park and a commercial complex at Chennai would come up as part of the plan. The upcoming residential projects include 200 and 142 apartments in Coimbatore and Chennai respectively.

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Akshaya has set a target to become a Rs 1,000-crore company by 2012 after which it would look at going public.

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