TVS Emerald, a prominent real estate developer, has successfully acquired a 12-acre land parcel on Radial Road (Pallavaram-Thoraipakkam Road) in Chennai, marking one of the largest real estate transactions in the city in recent years. The acquisition holds significant development potential, with plans to build 2.5 million square feet of residential space, projected to generate an estimated revenue of INR 2,800 crore. This deal is TVS Emerald’s third land acquisition in FY’25, following earlier acquisitions in Padur, Chennai, and Thanisandra, Bengaluru.
Sriram Iyer, Director & CEO of TVS Emerald, commented on the landmark acquisition, saying, “This acquisition underscores our strategic growth plan and strengthens our market leadership in both Chennai and Bengaluru. Securing land on the premium Radial Road corridor enhances our portfolio and creates substantial value for our stakeholders. This move aligns with our vision of developing world-class properties in high-potential locations.”
The new acquisition follows the success of TVS Emerald’s previous projects in the area, including TVS Emerald Elements and TVS Emerald Lighthouse, both of which have seen strong sales. TVS Emerald’s consistent expansion strategy aims to further solidify its presence in Chennai’s booming real estate market.
TVS Emerald, a subsidiary of TVS Holdings, has already delivered approximately 3.6 million square feet of residential projects in Chennai and is currently developing around 8.6 million square feet across various locations.
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