TVS Emerald to come up with five new projects in Chennai, Bengaluru

Combined revenue potential of the projects is Rs 1,000 cr; firm eyes 3.5x surge in area uder development to 25 mn sq ft in next 4-5 years

TVS Emerald, the real estate arm of the TVS Group, said on Wednesday that it is looking at a near three-fold rise in its total area under development over the next five years. The firm is set to come up with five projects with a combined revenue potential of Rs 1,000 crore, in Chennai and Bengaluru within the next four quarters.

“We are expecting the area under development to rise to 25 million square feet in the next 4-5 years, from 7 million sq feet currently. We are looking at a model where we will need less construction finance. Hence,