TVS Emerald, a Chennai-based realty player of the TVS Group, is all set to enter the Bengaluru residential realty market with an investment of over ₹1,000 crore. It intends to construct over 4.9 million sq ft of residential properties in Chennai and Bengaluru. The industry is witnessing an increase in demand for properties, and this is a welcome sign for the real estate sector.
During the coming quarters, it has lined up multiple launches in Bengaluru and Chennai. The company will fund the development of mid-income homes, villas and plotted development through a combination of equity and loans. The company has already sourced land to develop 600 apartments in Bengaluru and expects a topline of ₹500 crore from this project alone. Apart from this, TVS Emerald is also actively looking to acquire land parcels across southern markets to further expand its residential business.