The project, located near Rayasandra Lake, is expected to generate over ₹700 crore in revenue.
The newly acquired site is strategically positioned near Rayasandra Lake, placing it at the heart of one of Bangalore’s most well-established micro-markets. The location offers excellent connectivity to major IT hubs, educational institutions, and commercial centres, making it an attractive proposition for a premium residential development, according to a statement.
“We look forward to increasing our presence in Bangalore with this strategic acquisition in Rayasandra,” said Sriram Iyer, Director & CEO of TVS Emerald, stating, “This site presents an excellent opportunity to develop a premium residential development with its superior location within an established residential micro-market in Bangalore.”
TVS Emerald, which is engaged in the business of developing residential projects and self-sustaining communities with presence in Chennai and Bengaluru, has delivered about 5.4 million sq.ft of residential developments in Chennai and has about 8.9 million sq.ft of under development projects.
