Bengalooru-based real estate developer Alliance Infrastructure Projects has announced its foray into the booming real estate market in Chennai with the launch of a Rs 200-cr villa project in the city. The company will focus on developing properties in Coimbatore and Mysore, besides Chennai and Bengalooru. Alliance Infrastructure now joins the growing list of property developers entering Chennai with an eye on the huge demand in the commercial and residential segments in the city and its suburbs. The company will develop an upmarket 300-villa project called "Bougainvillea" at Porur junction off Mount Poonamalle Road. The project will have 150 villas in the fist phase, and will be completed in 24 months. Mr Manoj Namburu, CMD, Alliance Group, said the company would fund the Rs 200-cr project through internal accruals and project loans from banks. Mr Namburu said that "Bougainvillea" was one of the many projects that Alliance had lined up in Chennai. It would shortly launch a R! s 500-cr integrated township project called Orchid Springs, at Padi near Chennai on a 20-acre plot which will have 1,100 ultra luxury apartments, a 2.5-lakhs ft IT park, a mall and a multiplex. In Coimbatore, it will be acquiring 13.5 acres of land in joint venture with a Lakshmi Group company to build a high-rise apartment project and is also in the process of acquiring more land in Coimbatore. Business Standard New Delhi Edition December 27s