Friday, March 29, 2024
HomeNewsTop NewsTVS Emerald and HDFC Capital create Rs 1,000 crore platform for plotted...

TVS Emerald and HDFC Capital create Rs 1,000 crore platform for plotted projects

Sriram Iyer, President & CEO of TVS Emerald said, "This is a strategic tie-up to grow our plotted development portfolio in the South markets."

Emerald Haven Realty (TVS Emerald), has signed a term sheet with HDFC Capital Affordable Real Estate Fund – 3, acting through its investment manager HDFC Capital Advisors, to create a Rs 1,000 crore platform for plotted development projects across Chennai and Bengaluru.

Sriram Iyer, President & CEO of the company said, “This is a strategic tie-up to grow our plotted development portfolio in the South markets.”

Vipul Roongta, MD & CEO, HDFC Capital Advisors said, Through our platform with TVS Emerald, we will continue our focus on meeting the increasing demand for high-quality plotted developments at affordable prices.”

TVS Emerald has delivered about 2.4 million sq ft of residential developments in Chennai and has over 6.25 million sq ft of under development projects.

HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1), HDFC Capital Affordable Real Estate Fund 2 (H-CARE 2) and HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3) Schemes 1 & 2, which are registered with SEBI as a Category II Alternative Investment Funds. These funds combine to create a US$ 3.1 billion platform targeting the development of affordable and mid-income housing in India.

RELATED ARTICLES

Most Popular

Hot News

Customer Satisfaction Survey Template
Please help us improve our products/services by completing this questionnaire.

Would you recommend this company to a friend or colleague?

Clear selection

Overall, how satisfied or dissatisfied are you with our company?

Clear selection
Part 2/4: Service/Product Assessment

Which of the following words would you use to describe our products/services? Select all that apply.

Clear selection

How would you rate the quality of the website? (from 1 to 10)*

Clear selection
Part 3/4:Customer Care

How responsive have we been to your questions or concerns about our products/services?

Clear selection

At what email address would you like to be contacted?

Clear selection
Part 4/4: Additional Feedback

Do you have any other comments, questions, or concerns?

Clear selection