Emerald Haven Realty Expands Footprint in Bengaluru and Chennai with New Land Acquisitions
Emerald Haven Realty acquires land in Bengaluru and Chennai, plans to develop premium residential projects
Emerald Haven RealtyTvs EmeraldReal EstateProperty DevelopmentBengaluruChennaiReal Estate NewsSep 28, 2024
The acquisition includes a 4-acre land in Thanisandra, North Bengaluru, with a tentative saleable area of half a million sq ft and a potential booking value of Rs 600 crore. The second land parcel is a 4-acre land in Padur, Chennai, offering a booking value of Rs 300 crore.
According to Sriram Iyer, Director and CEO of TVS Emerald, the company's expansion in Bengaluru and Chennai demonstrates its commitment to delivering premium residential projects in high-growth areas.
Frequently Asked Questions
What is the total revenue potential of the two land parcels acquired by Emerald Haven Realty?
The total revenue potential of the two land parcels is Rs 900 crore.
Where are the two land parcels located?
The two land parcels are located in Thanisandra, North Bengaluru, and Padur, Chennai.
What is the saleable area of the land parcel in Thanisandra?
The tentative saleable area of the land parcel in Thanisandra is half a million sq ft.
What is the booking value of the land parcel in Padur, Chennai?
The booking value of the land parcel in Padur, Chennai is Rs 300 crore.
What is the focus of Emerald Haven Realty's expansion in Bengaluru and Chennai?
Emerald Haven Realty's expansion in Bengaluru and Chennai is focused on delivering premium residential projects in high-growth areas.
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