Landmark, part of the real estate investment group of the Dalmias, has entered a mixed-use development project in Tirupur, in the southern Indian state of Tamil Nadu. The project envisages 20 acres of residential, retail, commercial & hotel development with a built up area of 1.9 mn. sft., resulting in an estimated revenue of approximately USD 140 million. Landmark has taken up a 25% stake in the project, which is being set up by Prime Textiles, one of the reputed industrial groups in Tirupur. Tirupur is widely considered the “Manchester of India”, and accounts for $3 billion of knitted apparel export. Prime Textiles, manufacturers in textile sector who recently forayed into real estate, has in its fold an ideal land situated in the heart of the city that will be put to use for the project. The first phase of realty development by Prime Textile is at an advanced stage of progress. […]