TVS Emerald Acquires Land Parcels in Bengaluru & Chennai for Residential Projects with Potential Booking Value of INR 900 Crore

TVS Emerald, a prominent real estate developer, has made major strides in the Bengaluru and Chennai real estate markets with the acquisition of two key land parcels. The land acquisitions, which have a combined potential booking value of ?900 crore, signal the company’s continued expansion in high-demand residential markets in both cities.

TVS Emerald's Strategic Land Purchases in Bengaluru & Chennai

The first acquisition took place in North Bengaluru's rapidly developing suburb of Thanisandra. TVS Emerald secured a 4-acre plot, which offers a saleable area potential of 500,000 sq. ft. With a projected booking value of ?600 crore, the land acquisition strengthens the company’s position in the growing Bengaluru market. Thanisandra's connectivity to Kempegowda International Airport, National Highway 44 (NH44), and the Outer Ring Road makes it an attractive location for homebuyers seeking a well-connected area.

Simultaneously, TVS Emerald made another significant acquisition in Chennai. The company purchased a 4-acre land parcel in Padur, located strategically in the city’s premium residential zone. With an estimated booking value of ?300 crore, this acquisition is expected to bolster the brand’s presence in Chennai’s premium housing segment.

Bengaluru’s North Region Poised for Further Growth

The acquisition in Thanisandra marks TVS Emerald’s second project in North Bengaluru. The region is experiencing rapid development, and the newly acquired land will complement the company’s existing projects. TVS Emerald’s focus on this area aligns with the city’s growing demand for quality residential spaces in well-connected and rapidly developing neighborhoods.

TVS Emerald Strengthens its Presence in Chennai’s Premium Market

The land acquisition in Padur is a significant step toward TVS Emerald’s expansion in Chennai’s premium residential market. The area has seen growing interest from homebuyers and investors alike due to its strategic location, and this move emphasizes the company's dedication to meeting the evolving needs of urban homebuyers in Chennai.

Plans for Future Developments

TVS Emerald is also working on its Isle of Trees project in Rachenahalli, North Bengaluru, which is currently in the pre-launch phase. The new Thanisandra project will further bolster the company's competitive position in Bengaluru's thriving real estate landscape, adding to its portfolio of high-quality residential developments.

Highlights:

• TVS Emerald acquires two significant land parcels in Bengaluru & Chennai, with a combined potential booking value of ?900 crore.
• 4-acre land acquired in Thanisandra, Bengaluru, with 500,000 sq. ft. saleable area and ?600 crore booking potential.
• 4-acre land purchased in Padur, Chennai, with ?300 crore booking value potential.
• Thanisandra is a rapidly developing suburb with excellent connectivity to Kempegowda International Airport and key roadways.
• The Padur acquisition strengthens TVS Emerald’s presence in Chennai’s premium residential market.
• TVS Emerald’s Isle of Trees project in Rachenahalli is in the pre-launch phase, marking the company’s growing footprint in Bengaluru.
• The acquisitions reflect TVS Emerald's commitment to expanding in high-demand residential markets in Bengaluru and Chennai.

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