TVS Emerald to develop 2.5 million sq ft residential spaces near Chennai


The TVS Group’s real estate arm, Emerald Haven Realty, is planning to 2.50 million sq ft of residential housing over the next three years, focusing on regions along Chennai’s GST Road

Emerald Haven Realty Ltd, the real estate division of TVS Group, is aiming to develop houses with a total area of 2.50 million sq ft over the next three years, a top official of the company revealed.

Stating that the company would focus on taking up realty projects across the GST Road near Chennai, Emerald Haven Realty Ltd’s president and CEO, R Chandramouli said, “We are planning to develop 2.50 million sq ft over the next three years. GST Road, in Chennai, is a good location, with good infrastructure. We plan to focus on this stretch for newer projects.”

The Chennai-based realty player, which takes up projects under the TVS Emerald brand, also said that it had recently bagged the (CONQUAS) Construction Quality Assessment System, architectural score, an assessment system developed by the Building and Construction Authority (BCA), Singapore. “Our Green Hills project in Tambaram achieved the Construction Quality Assessment System architectural score,” Chandramouli added.

The company has sold 448 apartments in Kolapakkam under the Green Hills project. The total cost of the project is around Rs 350 crores. The company’s other project, TVS Green Acres, comprises of 352 apartments and 40 villas at a total project cost of Rs 450 crores, he said. “It will comprise 2-BHK and 3-BHK apartments. 50% of them have already been sold and we are expecting it to hand over sometime in 2017,” he said.

 

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