Chennai: City-based residential property developer Akshaya will foray into hospitality and commercial real estate and space.
“We are planning to build two 60-room resorts in Mahabalipuram and Yercaud (in Tamil Nadu) in 2010. We will launch a 33,500 square feet business centre in Chennai,” said company chairman and managing director T. Chitty Babu.
He added that the Rs.150-crore company was also looking out for a foreign hotel management company to run the two resorts.
