Chennai-based Marg Constructions Ltd is planning to set up a mall in the temple town of Tirupati in Andhra Pradesh. "The project will be the first of its kind in India," said M. Venkateswaralu, Project Head at the company. About two crore pilgrims visit Tirupati every year. "The area of the mall will be above four lakh sq. ft. We are planning beautiful landscapes and children's game area in the park," he continued, adding his company wants to target impulsive consumers. The revenue model will be lease-driven.
The project head further added, "We have acquired land for the project. Most of it belongs to Marg Group and the rest we purchased. At present, we have approached architecture firms for the plan and have shortlisted architects. Looking at feasibility, we will appoint an architect."
The company is planning to enter into affordable housing across the south where it has identified some semi-rural places. Recently, the company, along with Chennai-based Great Lakes Institute of Management, launched the Centre of Excellence for Infrastructure. The company is looking at investing nearly Rs 3 crore on setting up the centre in Chennai. The centre will study in depth the infrastructure domain in India and abroad. Housed in a 20,000 sq. ft state-of-the-art facility, it will soon emerge as a global resource centre for excellence in infrastructure.
The company has also forged an alliance with a leading Malaysian entity, Pembinaan Redza, to explore cooperation on a variety of areas for the Karaikal Port project.

Contact: Marg Constructions Ltd, 'Marg Axis', 4/318, Rajiv andhi Salai, Kottivakkam, Chennai, Tamil Nadu 044-24541111 (9 lines); Fax: 044-24541123; E-mail: grk@margconstructions.com