TVS EMERALD ACQUIRES NEW LAND PARCEL IN CHENNAI WITH AREVENUEPOTENTIALOF 200+CRORES
Chennai, January16 2023:TVS Emeraldannouncedthatit hasacquiredalandparcel inPudupakkam,
situatedclosetoChennai’sbiggestIThub,Siruseri.Spreadacrossapproximately 20acres,thislandparcelisestimatedto haveadevelopmentpotentialof0.5Millionsquarefeet.TVSEmeraldwillbedevelopingpremium plotsinthislandparcel.
Mr Sriram Iyer, President and CEO said, “This is TVS Emerald’s third plotted development project and itis in line with our vision to create outstanding residential communities. Educational institutes,healthcarecentresandtheproposed Phase3 Metrolineareinclose proximity.
With an estimated revenue of 200+ crores, this land acquisition will significantly contribute towards thegrowthofour portfolio inChennai.”
Located on Kelambakkam – Vandalur Road, this land parcel provides good connectivity to both OMR &GST. Apart from IT companies, educational institutes like HITS, VIT Chennai, IIITDM, Tagore MedicalCollege,TheSchool KFI,PSBB Millennium, VelammalNew Gen School areintheneighbourhood.
The company has developed many successful residential projects in other parts of Chennai and recentlyventuredintoBangalore.
TVS Emerald, an associate of TVS Motor is engaged in the business of developing residential projectsandself-sustainingcommunities withpresenceinChennai and Bangalore.TVS Emerald brings the foundation of Trust, Value and Service and has delivered about 2.4 million sq.ftofresidentialdevelopmentsinChennaiandhasover5.1millionsq.ftofunderdevelopmentprojects.