Keppel Land, TVS Emerald to develop premium residential project in Chennai
01 Oct 2020
Keppel Land, through its wholly-owned subsidiary, has entered into a JV with Emerald Haven Realty (TVS Emerald) to jointly develop a freehold condominium project on a prime 2.4 hectare site along Pallavaram Thoraipakkam Radial Road, a fast-developing IT corridor in South Chennai. The total development cost is expected to be about Rs.5.4 bn with Keppel Land’s share estimated to be about Rs.2.6 bn. Completion of the acquisition is subject to the satisfaction of certain conditions precedent and is expected to take place in the first half of 2021.
Contact: Ho Kiam Kheong, President, India, Keppel Land.
Address: #21/30, Prestige Craig House 3rd Floor, Craig Park Layout MG Road, Bengaluru-560 001.
E-mail: contact@keppelland.com
Website: www.keppelland.com