Alacrity Housing is engaged in the construction business. It was incorporated on May 19, 1992. The registered office of the company is located at Atandra, 25, Thirumalai Road, T. Nagar, Chennai-600017, Tamil Nadu.
The company constructs and sells residential housing complexes and related activities. It took over the entire building division with business interests and opportunities of its parent company Alacrity Foundations. The company has completed housing projects in Mogappair and Saligramam including four projects. Alacrity Foundations offers consultancy services to a number of institutions. This has opened up opportunity for the company to undertake construction activities like hospitals for these institutes.
Alacrity Housing had planned to set up residential complexes in Alwarpet, Valmiki Nagar, Adayar, Kilpauk, T. Nagar and other suburbs of Chennai at a cost of INR 1,850 million in 2003. The construction activity has considerably slowed down since then due to liquidity constraints.