TVS Emerald Secures Rs.425 Crore Equity for New Projects
Real Estate Company TVS Emerald has secured Rs.425 crore in equity investment from the International Finance Corporation to finance its upcoming residential projects.
According to reports, the company said that the investment will be used to develop two upcoming residential projects, which are expected to be launched next fiscal in Chennai and Bengaluru as well as future projects.
The realty firm TVS Emerald raised Rs.425 crore in equity funding from the International Finance Corporation (IFC) to fund its new housing projects.
The company would invest Rs.136 crore in the Chennai project and Rs.103 crore in the Bengaluru housing project. The rest will be earmarked for additional residential projects to be launched over the next two years.
The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of Rs.4,400 crore.
TVS Emerald is engaged in the development of residential projects and self-sustaining communities, with a presence in Chennai and Bengaluru.
To date, TVS Emerald has successfully delivered over six million square feet of residential developments, while more than nine million square feet is currently under construction.
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The firm’s commitment to excellence and sustainable development has garnered it significant trust among investors and homebuyers alike. By expanding its portfolio through these major investments, the company is poised to capture a larger share of the growing housing demand in both cities.
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As the real estate market continues to evolve, TVS Emerald’s strategic initiatives will likely position it for long-term growth, not just within Chennai and Bengaluru, but also as a key player in the broader Indian real estate sector.
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The partnership with IFC underscores the confidence investors have in the company's future prospects.