The Hallmark group is launching Hallmark Emerald spread across 6.82 acres with a residential area of 9 lakh sq ft, which is an 860 apartment property on the GST Road located opposite Mahindra World City near Chennai. The property will have 1 BHK and 2 BHK apartments starting from Rs. 28 lakh. The company expects to earn around Rs. 450 crore from the project, according to a release.
Hallmark has made tie-ups with companies for apartment rentals, assuring rental income for home buyers. The delivery of the projects will start from December 2015 with nearly 40% of construction completed.