TVS Emerald acquires land parcel at Chennai’s IT hub

CHENNAI: TVS Emerald on Monday announced it has acquired a land parcel in Pudupakkam, close to Chennai’s biggest IT hub, Siruseri. Spread across 20 acres, this land parcel is to have a development potential of 0.5 mn sqft. TVS Emerald will be developing premium plots in this land parcel, a release said. Sriram Iyer, president-CEO, said “this is TVS Emerald’s third plotted development project and it is in line with our vision to create outstanding residential communities. Educational institutes, healthcare centres and the proposed Phase 3 Metro line are in close proximity.” “With an estimated revenue of Rs 200 plus crore, this acquisition will significantly contribute towards the growth of our portfolio in Chennai,” he added.

TVS Emerald acquiresland parcel at Chennai’s IT hub