TVS Emerald's Land Purchase in Bengaluru Targets Rs. 1600 crore Revenue

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 Rs. 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.

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 Rs. 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.

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.

"We have been growing steadily with multiple acquisitions across Chennai and Bengaluru. The acquisition of this land parcel – our 4th this year – will only help us further consolidate our position in the market. Our presence in key micro-markets will help us move closer to a leadership position and reinforce our position as a trusted brand in the residential space," says Sriram Iyer, Director and CEO, TVS Emerald.