TVS Emerald, a leading real estate developer, has purchased a 12-acre land parcel on Radial Road (PTR) in Chennai. The acquisition, comes with a development potential of 2.5 million sft and a revenue potential of INR 2800 crore and is one of the largest real estate deals in Chennai in the last 2 years.
This marks the third acquisition of land by TVS Emerald in FY’25 and follows the acquisition of a 4-acre land parcel earlier this year in Padur, Chennai and a 4-acre parcel in Thanisandra, Bengaluru.
Sriram Iyer, Director & CEO, TVS Emerald, said, “This landmark acquisition, reinforces our commitment to strategic growth and market leadership in Chennai and Bengaluru. By securing this land on the premium and vibrant Radial Road corridor, we are expanding our footprint and creating substantial value for our stakeholders. This move aligns perfectly with our vision of developing world-class properties in high-potential locations.”
This strategic acquisition, which marks TVS Emerald's third venture on Radial Road follows the success of TVS Emerald Elements – a themed property project that achieved remarkable single day sales of Rs 438 crore in FY’24 and TVS Emerald Lighthouse, two prominent residential development in the micro-market.
TVS Emerald, a fully owned subsidiary of TVS Holdings, is engaged in the business of developing residential projects and self-sustaining communities with presence in Chennai and Bengaluru. TVS Emerald brings the foundation of Trust, Value and Service and has delivered 3.6 million sq.ft of residential developments in Chennai and has 8.6 million sq.ft of under development projects.
