HDFC Capital in JV with Emerald Haven Realty acquire 45 acres land in Chennai & Bengaluru

HDFC Capital in JV with Emerald Haven Realty acquire 45 acres land in Chennai & Bengaluru

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11 month(s) ago

HDFC Capital and TVS Emerald Join Forces for Large-Scale Plotted Development in South India. HDFC Capital in JV with Emerald Haven Realty acquire 45 acres land in Chennai & Bengaluru. In a major move, HDFC Capital and TVS Emerald (real estate arm of TVS Group) are solidifying their partnership for plotted development projects across South India.

Key Points:

  • Joint Venture: Finalizing three land purchases exceeding 45 acres in prime locations of Chennai and Bengaluru.
  • Development Plans: Launching residential projects encompassing 250 acres, targeting over 5 million sq ft of plotted and low-rise constructions.
  • HDFC Capital Commitment: Investing through their recently closed $376 million HDFC Capital Affordable Real Estate Fund-3 (H-CARE 3)
  • TVS Emerald Strength: Expertise in sustainable residential projects and self-contained communities (over 8.65 million sq ft of completed and ongoing projects).

Market Trends:

  • Rising demand for plotted developments and standalone houses post-pandemic.
  • Reputed developers entering the segment, offering transparency and choice to homebuyers.
  • Increased focus on peripheral locations and vacation home destinations.

Industry Transformation:

  • Collaboration between established developers and institutional investors like HDFC Capital.
  • Shift towards a more structured and organized real estate landscape.

Benefits for Homebuyers:

  • Well-structured, transparent, and quality-driven development projects in South India.

Additional TVS Emerald Projects:

  • Recent launch of 662 housing units (2 & 3 BHK) in Chennai’s Kovilambakkam (INR 600 crore project value).
  • Acquisition of 3 acres in North Bengaluru for a residential project with an estimated revenue potential of INR 250 crore.

Overall Significance:

This collaboration signifies a major push for large-scale, well-organized plotted developments in South India. It caters to the evolving homebuyer preferences and leverages the strengths of both HDFC Capital’s financial resources and TVS Emerald’s development expertise.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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