TVS Emerald Acquires 12 Acres on Radial Road, Plans Rs 2,800-Crore Real Estate Project

TVS Emerald, a wholly-owned subsidiary of TVS Holdings, has acquired a 12-acre land parcel on Radial Road (PTR) in Chennai to develop a premium real estate project. The project is expected to generate a revenue potential of Rs 2,800 crore with a development capacity of 2.5 million square feet. The cost of the land acquisition was not disclosed.

This marks the company’s third land acquisition in the current fiscal year. Earlier, TVS Emerald had acquired a 4-acre land parcel in Padur, Chennai, and another 4-acre parcel in Thanisandra, Bengaluru. The latest acquisition highlights TVS Emerald’s strategic focus on expanding its presence in key locations like Chennai and Bengaluru.

Sriram Iyer, Director and CEO of TVS Emerald, stated, “This landmark acquisition reinforces our commitment to strategic growth and market leadership in Chennai and Bengaluru. By securing this land on the premium Radial Road corridor, we aim to expand our footprint and create substantial value for our stakeholders.”

He further added that the acquisition aligns with the company’s vision of developing world-class properties in high-potential locations. The Radial Road corridor in Chennai is considered a prime area due to its excellent connectivity and proximity to major business hubs, making it an attractive destination for residential developments.

TVS Emerald specializes in creating self-sustaining communities and residential projects. The company has delivered around 3.6 million square feet of residential developments in Chennai and has about 8.6 million square feet of projects under development.

This latest acquisition underscores TVS Emerald’s ongoing commitment to establishing itself as a leader in the real estate sector by identifying and developing high-value locations. The company’s focus on delivering quality housing and sustainable communities positions it as a key player in the Indian real estate market.