TVS Emerald has acquired a 10-acre land parcel in Sathanur, Bengaluru, the fourth acquisition made by the real estate developer in the current financial year, a top official said.
With the latest acquisition, TVS Emerald has added land deals with a total revenue potential of ₹5,300 crore, the company said.
- Also read: TVS Emerald acquires 12-acre land parcel in Chennai
Earlier, the city-based realtor had made similar acquisitions with two land parcels in Chennai — a 12-acre land on the Radial Road and another 4.8-acre land in Padur, Old Mahabalipuram Road. It has also purchased a 4-acre land in Thanisandra, Bengaluru during the current financial year, the company said in a statement here on Tuesday.
“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,” TVS Emerald Director and CEO Sriram Iyer said.
- Also read:TVS Emerald acquires land parcels in Bengaluru & Chennai for residential projects
The overall potential of projects under development by the brand now stands at 8.2 million sq ft, the statement said.
“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,” he added.
