SSI Limited, the flagship company of the Kalpathi Group, has entered into a joint development agreement with a consortium of Unitech and Arihant

Foundations & Housing, to develop a 70-acre integrated township in Chennai.

The joint venture development would be mainly residential with supporting retail and commercial space.

The project is on a revenue sharing basis of 43:57 between SSI and the consortium, and expected to generate an estimated cash flow of Rs 2,000 crore for SSI.

The project will be completed within a period of seven years, with 4,000 units and total built-up area in excess of 7.6 million square feet.