NE BUSINESS BUREAU
CHENNAI, FEB 26
TVS Emerald, a leading real estate developer, on Tuesday announced that it has purchased a 10-acre land parcel in Sathnur, Bengaluru. The acquisition comes with a development potential of 1.4 million sqft and a revenue potential of Rs 1600 Crore. With this acquisition, TVS Emerald has added land deals with revenue potential of INR 5300 crore to its portfolio in FY’25. The overall potential of projects under development by the brand now stands at 8.2 million sq ft.
This deal marks the fourth land acquisition by TVS Emerald in FY’25. The Company had earlier acquired 2 land parcels in Chennai (a 12-acre land parcel on Radial Road & a ~4.8-acre land parcel in Padur) and a 4-acre parcel in Thanisandra, Bengaluru.
- The acquisition comes with a development potential of 1.4 million sqft and a revenue potential of Rs 1600 Crore
- The Company had earlier acquired 2 land parcels in Chennai (a 12-acre land parcel on Radial Road & a 4.8-acre land parcel in Padur) and a 4-acre parcel in Thanisandra, Bengaluru.
Sriram Iyer, Director and CEO, TVS Emerald, said, “We have been growing steadily with multiple acquisitions across Chennai & Bengaluru. The acquisition of this land parcel – our 4th this year – will only help us further consolidate our position in the market. Our presence in key micro-markets will help us move closer to a leadership position and reinforce our position as a trusted brand in the residential space.”
