Emerald Haven Realty Ltd (TVS Emerald), the real estate subsidiary of TVS Motor Company, is planning to build a high-end residential development in Bengaluru after purchasing its second land parcel with a INR 400 crore development potential.
Overview of Project:
Emerald Haven Realty Ltd. has acquired 1.14 acres of land in Bengaluru’s Central Business District (CBD), the city’s primary commercial area and centre. The new project will serve the ultra-luxury residential market. One of Bengaluru’s most popular neighbourhoods, CBD, is seeing an increase in demand for luxury living spaces. The endeavour is set to begin in the next financial year.
Mr. Sriram Iyer, President & CEO, TVS Emerald, said that this is the company’s second project in Bengaluru after the stupendous success of their recent launch, TVS Emerald Jardin, Singasandra. They have sold about 80% of their inventory in less than 2 months of the launch.
Accordingly, the developer is planning to build on a land area of 1.14 acres. The construction cost of the proposed project is INR 400 Crore. The residential project will be constructed in a strategic manner close to Richmond Circle, with quick access to UB City, MG Road, Residency Road, and Church Street. The locality offers a well-developed social infrastructure with educational institutes, healthcare facilities and retail avenues in proximity. TVS is aiming to build this ultra luxurious residential development that will enable its users the best living experience while providing world class social amenities and easy access to the neighbourhood.
Key Project Highlights:
|Name of the Project||Emerald Haven Residential Project, Bangalore|
|Latest Status||Land Acquisition|
|Construction Cost||INR 400 crores|
|Land Area||1.14 acres|
|Landmark||Near Richmond Circle, CBD|
|Owner – Developer (Private)||TVS Emerald|
|Project completion (Estimated timeline)||2025|
TVS Emerald Haven Realty Ltd is an Indian real estate company, based in Chennai, India. It was founded in 1911, by Shri T V Sundaram lyengar. TVS Emerald began its foray into real estate by successfully completing and delivering their first project, TVS Emerald Green Hills, in Perungalathur, ahead of schedule. It has since then announced several residential projects in Chennai. TVS Emerald ensures the completion of all its housing projects on time. They get them certified by international certification bodies, and maintain the projects with seamless aftercare after completion.
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