Emerald Haven Realty Bengaluru and Chennai Expansion Targets INR 900 Crore Revenue Potential
Addressofchoice 24 December 2024Emerald Haven Realty, a subsidiary of TVS Holdings, has taken a significant step forward in its growth journey by acquiring two premium land parcels in Bengaluru and Chennai. This move aligns with the company's vision to capitalise on the surging demand for quality real estate in India’s urban hotspots.
Bengaluru Acquisition: A Booming Real Estate Opportunity
In Bengaluru, Emerald Haven Realty has secured a four-acre plot in Thanisandra, a rapidly developing locality in North Bengaluru. Known for its growing infrastructure and increasing appeal among residential and commercial developers, this site boasts a tentative saleable area of 0.5 million sq ft. With a projected booking value of INR 600 crore, the acquisition solidifies the company’s foothold in one of India’s most dynamic real estate markets.
Chennai's Padur Parcel Promises Growth
Simultaneously, the company has acquired another four-acre plot in Padur, Chennai. With a potential booking value of INR 300 crore, this parcel represents a strategic addition to Emerald Haven Realty’s portfolio. Padur’s increasing connectivity and proximity to major commercial hubs have positioned it as a sought-after destination for both residential and commercial projects.
Capitalising on Urbanisation
These acquisitions reflect Emerald Haven Realty’s confidence in the real estate sector's growth trajectory. Urbanisation, coupled with rising migration to cities, is driving unprecedented demand for quality residential and commercial spaces. The company’s strategic investments in Bengaluru and Chennai ensure its readiness to meet these demands while establishing itself as a dominant market player.
A Vision for the Future
Emerald Haven Realty’s calculated expansion underscores its commitment to shaping India’s urban landscape. By focusing on high-growth areas and leveraging the robust demand for real estate, the company is poised to deliver value to homebuyers and businesses while unlocking a combined revenue potential of INR 900 crore.
Highlights
- Prime Land Acquisitions: Bengaluru’s Thanisandra and Chennai’s Padur.
- Combined Revenue Potential: INR 900 crore.
- Bengaluru Project: 4-acre plot with 0.5 million sq ft saleable area, INR 600 crore booking value.
- Chennai Project: 4-acre plot in Padur, INR 300 crore booking value.
- Urban Focus: Investments in high-demand urban centres to meet growing real estate needs.
- Strategic Vision: Establishing leadership in India’s evolving real estate market.
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