TVS Emerald (Emerald Haven Realty) on March 29, 2023, signed a term sheet with HDFC Capital to create a Rs 1,000-crore platform for plotted development projects. The companies will use the new platform to develop plotted developments across Chennai and Bangalore.
Sriram Iyer, president and CEO, TVS Emerald, said, “This is a strategic tie-up to grow our plotted development portfolio in the South markets.”
Vipul Roongta, MD and CEO, HDFC Capital Advisors, said, “HDFC Capital is committed to partnerships with trusted real estate brands with a strong track record of development and delivery. Through our platform with TVS Emerald, we will continue our focus on meeting the increasing demand for high-quality plotted developments at affordable prices.”
