South-based Jain Housing and Constructions have launched its two mega residential ‘Carlton Greek’ projects.

Company’s CEO Vijay Kumar Managing Director Sundeep Mehta said that company will construct 1,120 apartments in two phases investing Rs 950 crore.

He said that the project would be completed by 2011. The company’s last year turnover was Rs 280 crore with profit after tax was Rs 120 crore.

Jains’ portfolio includes over 150 residential projects that include 4.5 million square feet of completed project and over 10 million square feet of on-going projects.

Mr. Mehta said “Exuding elegance, grandeur and style, this ultra indulgent residential offering unfolds a refreshing idiom of home design that radiates a pleasing balance of form and function”.