TVS Emerald, a leading real estate developer, has announced an equity investment of ₹425 crore from the International Finance Corporation (IFC), marking a significant milestone in its growth journey. The partnership underscores IFC’s confidence in TVS Emerald’s vision, execution capabilities, and governance framework, while reinforcing its commitment to sustainable housing development in India.
Over the past five years, TVS Emerald has expanded its residential footprint fivefold, strengthening its presence in Chennai and Bengaluru. The new investment will be deployed across upcoming projects, including two major residential developments set to launch in FY27:
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Pallavaram–Thoraipakkam Radial Road (PTR), Chennai – Investment of ₹136 crore, with an estimated top-line potential of ₹2,800 crore.
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Sathanur, Bengaluru – Investment of ₹103 crore, with an estimated top-line potential of ₹1,600 crore.
Together, these projects represent a combined top-line potential of approximately ₹4,400 crore, comprising over 4,500 apartments in two of India’s most important IT and services hubs. The remaining investment will be earmarked for additional residential projects to be launched over the next two years.
Commenting on the development, Sriram Iyer, Director and CEO, TVS Emerald, said: “This partnership reflects confidence in TVS Emerald’s long-term vision, growth, execution capabilities, and governance framework. As we enter the next phase of our journey, this partnership allows us to remain aligned with our priorities—measured expansion, disciplined capital deployment, and the creation of residential communities that deliver exceptional value to customers and stakeholders, while staying true to the values and legacy of the TVS Group.”
Imad N Fakhoury, Regional Division Director for South Asia, IFC, added: “Our partnership with TVS Emerald shows how sustainable housing for India’s middle-income families can deliver strong commercial returns while creating real social impact. By developing over 4,500 apartments in Chennai and Bengaluru, we are bringing high-quality, reasonably priced homes closer to workplaces, supporting economic growth and opening new employment opportunities across the value chain.”
This collaboration represents a key inflection point for TVS Emerald as it builds toward its next phase of growth, aligning with global standards of compliance, accountability, and sustainable development.
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