TVS Emerald Expands its Footprint in Bengaluru and Chennai with Two New Land Acquisitions
TVS Emerald acquires land parcels in Bengaluru and Chennai, with a combined revenue potential of Rs 900 crore.
Tvs EmeraldLand AcquisitionBengaluruChennaiReal EstateReal Estate NewsSep 28, 2024
Simultaneously, it has also acquired a four-acre land parcel in Padur, Chennai, with a booking value potential of Rs 300 crore. This move is expected to strengthen the company's presence in the southern Indian real estate market.
The acquisition in Bengaluru is strategic, given the city's growing demand for residential and commercial spaces. The Thanisandra area, where the land parcel is located, is a rapidly developing region with excellent connectivity to major IT hubs and other parts of the city.
On the other hand, the acquisition in Chennai is a significant step towards expanding the company's footprint in the Tamil Nadu market. Padur, where the land parcel is located, is a fast-growing suburb with a high demand for residential spaces.
The combined revenue potential of the two acquisitions is estimated to be around Rs 900 crore, which is a significant boost to the company's revenue projections.
About TVS Holdings TVS Holdings is a diversified conglomerate with interests in various sectors, including automotive, logistics, and real estate. The company has a strong presence in southern India and has been expanding its footprint in other parts of the country through strategic acquisitions and partnerships.
TVS Emerald is a fully owned subsidiary of TVS Holdings, focusing on real estate development in southern India. The company has a strong portfolio of residential and commercial projects in Bengaluru, Chennai, and other cities in the region.
Frequently Asked Questions
What is the total revenue potential of the two land acquisitions made by TVS Emerald?
The combined revenue potential of the two acquisitions is estimated to be around Rs 900 crore.
Where are the two land parcels acquired by TVS Emerald located?
One land parcel is located in Thanisandra, North Bengaluru, and the other is located in Padur, Chennai.
What is the saleable area of the land parcel in Bengaluru?
The tentative saleable area of the land parcel in Bengaluru is 0.5 million sq ft.
What is the booking value potential of the land parcel in Chennai?
The booking value potential of the land parcel in Chennai is Rs 300 crore.
Who is the parent company of TVS Emerald?
TVS Holdings is the parent company of TVS Emerald.
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