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TVS Emerald buys third land parcel in Bengaluru with revenue potential of around 250 crore

TVS Emerald has purchased three acres of land (approx) in Rachenahalli, an emerging suburb in Northern Bengaluru, for the development of an apartment housing project.

Published on: Mar 14, 2023, 11:54:14 IST
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Emerald Haven Realty Ltd (TVS Emerald) has announced the purchase of 3 acres of land (approx) in Rachenahalli, an emerging suburb in Northern Bengaluru, for the development of an apartment housing project.

The project is of key interest to the residential segment as the region is supported by robust infrastructure development.
The project is of key interest to the residential segment as the region is supported by robust infrastructure development.

The project is of key interest to the residential segment as the region is supported by robust infrastructure development.

READ | Bengaluru may see highest growth in office rent in APAC next year: Report

Sriram Iyer, President & CEO, TVS Emerald, said, "We are proud to announce our third acquisition in Bengaluru, after TVS Emerald Jardin, Singasandra and in Mission Road, CBD, Bengaluru. This acquisition in a high-growth area will help us expand our footprint in Bengaluru. The connectivity to major business destinations and other developing social infrastructure makes this locality a lucrative investment option for home buyers."

The Metro Rail Phase-2B is also expected to spur the much-needed connectivity of northern suburbs to their counterparts.

The micro market is also close to business and retail hubs like the Manyata Tech Park, Brigade Opus Tech Park, Kirloskar Business Park, RMZ Galleria Mall, Esteem Mall and many more. The land parcel is located close to the pristine Rachenahalli Lake.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

 
ABOUT THE AUTHOR
Yamini C S

Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.

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