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.
Related News Articles
Kolte-Patil Developers Sees 86.72% Drop in Net Profit in Q1 FY25
Kolte-Patil Developers results, Kolte-Patil Developers profit, Atul Bohra, Pune, Mumbai
Behind the Facade: The Shocking Truth About Brandon Miller's Financial Crisis
Brandon Miller, a prominent New York real estate developer, died by suicide last month, leaving behind a shocking financial crisis that exposed the dark reality behind his luxurious lifestyle.
Reduced Stamp Duty to Boost Maharashtra Property Market and Help First-Time Buyers
Developer associations, such as CREDAI (Confederation of Real Estate Developers Associations of India), have formally submitted proposals to the Housing Minister, urging the implementation of reduced stamp duty to stimulate the property market and support
Fajar Realty - Pioneering Excellence in the Dubai Real Estate Market
The competitive and dynamic real estate market in the UAE, particularly in Dubai, is a challenging arena. However, Fajar Realty, under the leadership of Kiran Khawaja, has established itself as a benchmark of excellence in the industry.
Cushman & Wakefield Appoints Moinuddin Patel as Managing Director in Pune
January 9, 2025: Cushman & Wakefield, a leading real estate services firm in India, has announced the appointment of Moinuddin Patel as the Managing Director for Pune. Moinuddin will focus on driving growth and enhancing client relationships in the region
Maharashtra Budget 2023: Rs 36,000 Crore Allocation for Women and Girls Empowerment
The Maharashtra government, under the leadership of Deputy Chief Minister Ajit Pawar, has announced a massive Rs 36,000 crore allocation in the state budget for initiatives aimed at empowering women and girls. This move is a significant step towards bridg