Emerald Haven Realty Ltd. (TVS Emerald) has signed a time period sheet with HDFC Capital Affordable Real Estate Fund – 3 to create a ₹1,000-crore platform for plotted development projects throughout Chennai and Bengaluru.
“This is a strategic tie-up to grow our plotted development portfolio in the South markets,” Sriram Iyer, president & CEO, TVS Emerald, stated in an announcement.
“Through our platform with TVS Emerald, we will continue our focus on meeting the increasing demand for high-quality plotted developments at affordable prices,” stated Vipul Roongta, MD & CEO, HDFC Capital Advisors Ltd.
TVS Emerald, which has been creating and delivering plots in Chennai for almost 10 years, not too long ago entered the Bengaluru market with the launch of TVS Emerald Jardin and a number of other new land acquisitions.
In Chennai, TVS Emerald has delivered about 2.4 million sq. ft of residential developments and has over 6.25 million sq. ft of below development projects.
