TVS Emerald announced that it has acquired a land parcel in Pudupakkam, situated close to Chennai's biggest IT hub, Siruseri. Spread across approximately 20 acres, this land parcel is estimated to have a development potential of 0.5 Million square feet. TVS Emerald will be developing premium plots in this land parcel.
Mr Sriram Iyer, President and 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 200+ crores, this land acquisition will significantly contribute towards the growth of our portfolio in Chennai."
Located on Kelambakkam - Vandalur Road, this land parcel provides good connectivity to both OMR & GST. Apart from IT companies, educational institutes like HITS, VIT Chennai, IIITDM, Tagore Medical College, The School KFI, PSBB Millennium, Velammal New Gen School are in the neighbourhood. The company has developed many successful residential projects in other parts of Chennai and recently ventured into Bangalore.