TVS Emerald: Acquires 10 Acres of Land in Bengaluru to Rev Up Growth Strategy

In yet another significant move, TVS Emerald has acquired a 10-acre land parcel in Sathnur, Bengaluru, reinforcing its commitment to the real estate sector. The deal has a development potential of 1.4 million sq ft and will result in revenue of ₹1,600 crore.

Including this, TVS Emerald has booked land contracts worth an overall revenue potential of ₹5,300 crore at the FY’25 rates. The company’s total development portfolio now covers 8.2 million sq ft from multiple projects.

Strengthening Market Presence:

This latest acquisition is the fourth land purchase for TVS Emerald in FY’25. The company had earlier bought two land parcels in Chennai: one is 12 acres located on Radial Road and the other is about 4.8 acres situated in Padur. Also, a 4-acre plot in Thanisandra, Bengaluru was secured.

Commenting on the expansion, Sriram Iyer, Director and CEO of TVS Emerald, said, “We have been steadily growing with multiple acquisitions across Chennai and Bengaluru. This is our fourth land acquisition in 2023 and continues our strategy to consolidate our position in the market. This will move us closer to a leadership position in these micro-markets and also reinforce our standing as a trusted brand in the residential space. ”

TVS Emerald’s expansion into such a high-demand sector as real estate with its new office opening at such a prominent location is a testament to the company’s future-ready approach and confidence in the sector’s growth.