Residential Realty Market

TVS Group forays into Residential Realty Market of Bengaluru

Bengaluru News

The real estate arm of the renowned TVS Group, TVS Emerald has entered into the Residential realty market of the IT city ‘Bengaluru’. The group recently announced two housing projects located on Hosur Road and Kanakpura Road. According to senior management, TVS Emerald has already acquired respective land parcels in these two locations.

Speaking during the event, management informed that both of these projects will be developed catering to a varied class of home buyers. However, the group has not revealed the name of the projects.

The first project which will be developed at Hosur Road will focus on the young professionals. It will be a high rise apartment project, spread across 6 acres of area. Situated near Manipal County, the project will offer good connectivity to other important hubs like Electronic City, Sarjapur Road, Koramangala and Bannergatta Road. Apart from this, the metro authority has already proposed a corridor which is in vicinity to the project.

On the other hand, the second project will mostly cater to the luxury class buyers with premium villas and row houses. It will be a gated community that will spread around 6.4 acres of area. The project is located close to major IT Parks of the city like Mysore Road, Electronic City, Bannergatta Road as well as leading industrial parks like Bidadi and Jigani.

Elaborating more on the projects, A Rajaraman, executive vice-president, TVS Emerald said, “TVS forayed into the real estate market 6 years back and from then there is no looking back. The group till today has delivered around 6 million sq ft. mainly in Chennai. With these two projects, we will be now shifting out legs to the IT city so as to create a world which is healthier and happier.”

He further said that these two projects will change the skyline of the Bengaluru realty market with quality constructions and lifestyle.