With a land bank of around 40 acres in and around Chennai, Emerald Haven Realty Ltd, part of the TVS group, will initially focus on the city, said a top company official.
"We have a land bank of around 40 acres. Our focus initially will be in and around Chennai and later branch out," president and CEO R.Chandramouli told IANS on the sidelines of an event.
According to him, the company, an associate company of two and three wheeler maker TVS Motor Company, will focus on developing apartments in the price range of Rs.30-50 lakh.
However Chandramouli declined to comment on the investment made by the vehicle maker in the realty company.
Earlier, he said the company is all set to launch its second housing project 'GreenAcres' near here, adding the proposed project will be a mix of apartments (two and three bedrooms) and villas and the price range will be between Rs.25 lakh to Rs.1.25 crore.
