Akshaya Homes, a well known Chennai-based home maker has revealed its plan to spend around Rs 300 crore in 11 projects over the next 16 months.

According to a company official, who did not want to be identified has informed that proposed 11 projects include three commercial projects including a IT park and commercial complex at Chennai. However, the residential projects will include 200 units and 142 apartments in Coimbatore and Chennai respectively.

Apart from latest development, the company is also planning to strengthen its hospitality business by launching a resort in Yercaud by 2010. The resort, which will be come in 4 acre of land, would include 60 rooms.

The company aims to become Rs 1,000 crore company by 2012.