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Board of Rajeswari Infrastructure decide to seek FDI investment of USD 5 million

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Capital Market

At meeting held on 20 November 2014

Rajeswari Infrastructure announced that the Board of Directors of the Company at its meeting held on 20 November 2014 has decided to seek for FDI investment of USD 5 million as per new guidelines on FDI participation in real estate for its new residential projects (subject to the introduction of proposed scheme of RBI given affect to) in Rathinamangalam, Chennai - named 'TRILLIUM'. The project is developed as a fully residential development on 3.72 Acre Plot in Rathinamangalam Village with proposed development of 325000Sq.ft. of built up area split into 292 units.

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First Published: Nov 21 2014 | 5:07 PM IST

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