US based company Mint Home has planned to invest Rs 100 crore in Coimbatore. Mint Homes is US-based real estate development and construction group with 300 crore fortune. A non resident Indian (nri) has promoted this group who is planning to invest in high class housing resorts, eco tourism and integrated organic farms in Coimbatore.
Mr. Raj Natarajan , director of Mint Homes pointed out that investment will be made fully internally without any loans through its Indian arm, Mint Homes Pvt Ltd. The construction of an integrated high-end housing complex over 2.7 acres in Sowripalayam has begun. Nri real estate firm is planning to launch this project in January 2008.
The company is planning to develop four towers and the first one would be ready by January 2009 and the other three by that year-end. There will be a park and club house before the residential complexes which will be completed by March 2008.
