TVS Emerald, a prominent real estate developer, announced the acquisition of a premium 7.18-acre landholding in Rayasandra, Bangalore, with a project revenue potential of over Rs700 crore. This strategic acquisition is a testament to TVS Emerald’s commitment to enhancing its presence in Bangalore's robust real estate space.
The newly acquired site is strategically positioned near Rayasandra Lake, placing it at the heart of one of Bangalore’s most well-established micro-markets. The location offers excellent connectivity to major IT hubs, educational institutions, and commercial centres, making it an attractive proposition for a premium residential development.
This acquisition marks TVS Emerald’s 7th significant deal in Bangalore, demonstrating the company’s confidence in the city’s real estate growth.
"We look forward to increasing our presence in Bangalore with this strategic acquisition in Rayasandra," said Sriram Iyer, Director & CEO of TVS Emerald, stating, "This site presents an excellent opportunity to develop a premium residential development with its superior location within an established residential micro-market in Bangalore.”
