TVS Emerald plans to make ₹1,600 crore after purchasing a 10-acre land property in Bengaluru
By Bricksnwall | 2025-02-26
Bengaluru real estate: TVS Emerald purchased land
in the Sathnur neighborhood with 1.4 million square feet of potential for
development.
TVS Emerald has acquired a 10-acre plot of land in
Bengaluru's Sathnur. According to the company's February 25 statement, the
acquisition has 1.4 million square feet of development potential and ₹1600
crore in income potential.
On February 26, TVS Emerald declared that it has acquired a 10-acre plot of land in Sathnur, Bengaluru. (This image is solely for representational purposes.)
(Source: Pixabay)
On February 26, TVS Emerald declared that it has acquired a 10-acre plot of land in Sathnur, Bengaluru. (This image is solely for representational purposes.)
(Source: Pixabay)
The real estate developer has now acquired four
properties in the current fiscal year. The business stated that TVS Emerald has
added land deals with a potential total income of ₹5,300 crore in FY25 as a
result of the most recent acquisition..
The business had previously purchased a four-acre
plot in Thanisandra, Bengaluru, as well as two land parcels in Chennai—a
12-acre parcel on Radial Road and a 4.8-acre parcel in Padur.
According to the corporation, the brand's total potential for projects now in development is 8.2 million square feet.
With several purchases in Bengaluru and Chennai, we
have been expanding gradually. This is the fourth land piece we have purchased
this year, and it will only strengthen our position in the market. Sriram Iyer,
Director and CEO of TVS Emerald, stated, "Our presence in important
micro-markets will help us get closer to a leadership position and strengthen
our position as a trusted brand in the residential space."
The largest land area transacted, over 607 acres in 30 different agreements, was in MMR, followed by Delhi NCR, which transacted over 417 acres in 38 separate deals, and Bengaluru, which transacted over 307 acres in 26 distinct land deals, according to statistics provided by Anarock.
Source: Hindustan Times
