Chennai, Jan 16 (UNI) – TVS Emerald today announced that it has acquired
a land parcel in Pudupakkam, situated close to Chennai’s biggest IT hub,
Siruseri.
Spread across 20 acres, this land parcel is estimated to have a development
potential of 0.5 mnsqft. (TVS Emerald)
TVS Emerald will be developing premium plots in this land parcel, a company
release said.
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-plus crores, this land acquisition will
significantly contribute towards the growth of our portfolio in Chennai, he
added.
Located on Kelambakkam-Vandalur Road, this land parcel provides good
connectivity to both OMR and 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.
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