By Staff Reporter
~The INR 2000 crore investment will be assigned towards developing of residential and commercial projects across key pockets of the state~
~With this the company commits to generate 1050 employment opportunities in the state~
Chennai, 19th January 2023: Marking a significant commitment to Tamil Nadu’s booming real estate market, Navin’s one of the most trusted and respected real estate developers of Chennai, has signed an MoU worth INR 2000 crore with the government of Tamil Nadu at the TN Global Investors Meet 2024. Through this, the company announces to develop ultra-modern residential and commercial spaces across key growth pockets within the state, creating an immense positive impact on the state’s infrastructure and economy.
Signed in the presence of Hon’ble Chief Minister of Tamil Nadu, Thiru MK Stalin, the projected investment of Rs 2000 crore is further poised to create a staggering 1050 employment opportunities across various allied sectors, further strengthening Tamil Nadu’s position as a key job market hub.
Commenting on the occasion, Mr Navin Kumar, Director, Navin’s said, “This strategic MoU represents a pivotal moment in our trajectory as a home-grown brand. Our longstanding presence in Tamil Nadu positions this advancement as a cornerstone in our commitment to foster substantial progress in the state. Considering Tamil Nadu has always been our genesis, we are eager to contribute to the state’s dynamic growth narrative by creating enduring value through innovative projects and offering residents the best-in-class homes. Additionally, this MoU provides us with a unique opportunity to play a crucial role in generating employment opportunities, further empowering the exceptionally talented workforce in Tamil Nadu.”
The MoU signifies Navin’s unwavering confidence in Tamil Nadu’s robust economic potential and its thriving real estate sector. The planned projects will cater to diverse buyer segments, offering premium living spaces equipped with world-class amenities and modern conveniences. This focus on quality and comprehensive living experiences aligns perfectly with Tamil Nadu’s vision of building sustainable and vibrant communities. With its emphasis on sustainable development, innovation, and a strong focus on employee well-being, Navin’s is poised to make a lasting mark on Tamil Nadu’s real estate landscape. This landmark MoU paves the way for a mutually beneficial partnership, promising a brighter future for residents, investors, and the state as a whole.
Navin’s has an enduring reputation for delivering high-quality residential and commercial spaces, and this MoU reinforces its commitment to excellence, striving to create a positive impact on the real estate landscape in Tamil Nadu, providing modern, sustainable, and affordable living spaces for residents.
Navin’s, a leading real estate player in Chennai, with over 125+ projects dotting Chennai’s skylines, believes that building homes is an art, and an exercise of intellect, careful precision, and passion. The motto of the organization has been to achieve a symbiosis of architectural brilliance, aesthetic appeal and excellent quality combined with ethical business practices. The Brand was the first in Chennai to receive the ISO 9001-2008 Certification, and now upgraded to ISO 2015 and bring to the table, Perfect titles, strict adherence to rules and regulations, excellence in design, quality constructions, care for customer needs and above all ethical business practices. Navin’s has won over 60 awards including Several awards from Construction Industry Development Council(CIDC) ; Best Professionally Managed Company award by CIDC , Several awards from Builders Association of India; PMAY award for Best affordable housing for the years 2019 & 2022, National Green Champion from the IGBC, and Most reputed developer of the year 2019 from ET Now to name a few.