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
Noida Authority Announces Additional Waivers for Real Estate Developers
Noida Authority takes steps to offer interest waivers to realtors affected by NGT orders, providing additional relief to builders affected by the pandemic
Diwali 2024: Top Market Deals and Exclusive Muhurat Trading Insights
Discover the best market deals and get exclusive insights on muhurat trading this Diwali with Business Today TV. From festive market trends to essential investments, tune in for special shows designed to help you maximize your financial gains.
Zerodha's Nithin Kamath Proposes Tying Real Estate Prices to AQI Levels
Zerodha's co-founder, Nithin Kamath, suggests a novel idea of linking real estate prices to Air Quality Index (AQI) levels. This innovative approach aims to reflect the environmental impact on property values and enhance transparency for buyers.
India's Real Estate Market Blossoms: Average Home Price Rises 23% to ₹1.23 Crore in H1 FY25
In the post-pandemic era, India's real estate market has regained its momentum, with the average home price surging 23% to ₹1.23 crore in the first half of fiscal year 2025. Here’s why this significant increase is happening and what it means for buyers an
Manakamna Group honored for Real Estate and Infrastructure Excellence
The Manakamna Group recently received accolades for its outstanding contributions to the real estate and infrastructure sectors. Sahil Chaudhary, the group’s visionary leader, was personally honored at a prestigious awards ceremony in Mumbai.
Viyaara Realty Launches Luxury Development 'Altiora' at Competitively Low Prices in Shivaji Park
Viyaara Realty, a prominent Mumbai-based real estate developer, has unveiled a luxurious high-end project, 'Altiora,' in Shivaji Park, Dadar, South Mumbai, offering competitive prices in a prime location.