Private Equity

PE-RE Fund Investments

TVS Emerald, HDFC Capital to create Rs.1,000-Cr platform for property projects in Chennai, Bengaluru

Business Standard  

Emerald Haven Realty (TVS Emerald) has signed an agreement with HDFC Capital Affordable Real Estate Fund-3 to create an INR 1000 crore platform for plotted development projects in Chennai and Bengaluru. TVS Emerald, an associate of TVS Motor, develops sustainable residential projects and self-sustaining communities. HDFC Capital is acting through its investment manager HDFC Capital Advisors for the agreement. HDFC Capital is the real estate private equity arm of HDFC Group. TVS Emerald has delivered about 2.4 million sq ft of residential developments in Chennai and has more than 6.25 million sq ft of projects under development.