Ramky Estates plans Rs 1,700cr investment

Ramky Estates and Farms Ltd today said it plans to invest Rs 1,700 crore in the markets of Hyderabad, Chennai and Bangalore in the next three to four years.

The announcement was made by Ramky Estates Executive Director M Nandakishore after the launch of a residential project here.

Besides these cities, the realty firm will expand its construction activities in other parts of the country, including Mumbai and Kolkata, he told reporters.

Meanwhile, the company launched 'Ramky Towers Elite', a project consisting of two residential towers of 19 floors each in the city.

He said Ramky Group, a pioneer in waste management and infrastructure development, is developing a `Discover City' on a 750-acre plot in Hyderabad with foreign investment.