TVS Emerald has acquired a 10-acre land parcel in Sathanur, Bengaluru, marking its fourth acquisition in the current financial year. With this latest purchase, the real estate developer has expanded its land bank, bringing the total revenue potential of its recent land deals to Rs 53 billion.

Earlier in the financial year, the company secured two land parcels in Chennai—a 12-acre plot on Radial Road and a 4.8-acre parcel in Padur, along Old Mahabalipuram Road. Additionally, a 4-acre land parcel was acquired in Thanisandra, Bengaluru.

The company's expansion strategy focuses on strengthening its presence in key micro-markets across Chennai and Bengaluru. The acquisition of multiple land parcels is part of its ongoing efforts to consolidate its market position and enhance its footprint in the residential real estate sector.

With these acquisitions, the total development potential of TVS Emerald’s ongoing projects has reached 8.2 million square feet. The company aims to leverage its growing presence in strategic locations to reinforce its standing as a prominent and trusted brand in the residential real estate market.

News source: The Hindu Businessline