HDFC Capital & TVS Emerald JV progresses in land deals

23 Aug 2023 CW Team

The collaborative initiative between HDFC Capital and TVS Emerald materialised in March, when the real estate arm of the TVS Group inked an agreement with HDFC Capital Affordable Real Estate Fund-3. The aim was to establish a platform centred on plotted and low-rise development, with a focus on South India's real estate landscape.

The plan outlines a comprehensive residential development agenda that covers a total of 250 acres in key markets across southern India. This ambitious undertaking is projected to yield over 5 million square feet of plotted and low-rise properties.

Sources close to the development indicate that the land deals are nearing finalisation and anticipate swift conclusion. One of these transactions involves a plot in Chennai, with paperwork expected to be completed shortly.

Despite email inquiries to HDFC Capital, TVS Emerald, and CBRE South India, which served as an advisor in setting up the platform, remaining unanswered, this endeavour signals the escalating interest in plotted developments and independent housing post-Covid-19. Well-established developers and institutional investors, including Mahindra Lifespaces, TVS Group, and Hiranandani Group, have begun exploring or venturing into this segment, driven by increased demand for customizable properties after the pandemic.

As the demand for transparency and tailored housing options grows, both realty developers and institutional investors are poised to invest significantly in plotted developments and low-rise properties. This trend is reshaping the segment, bringing organisation and structure to what was once a fragmented market predominantly served by smaller developers.

HDFC Capital and TVS Emerald are in the final stages of discussions to secure three land deals spanning a combined 45 acres in Chennai and Bengaluru. These land parcels, situated in emerging residential zones, will serve as foundational assets for the recently established platform specialising in plotted and low-rise developments across South India's property markets.The collaborative initiative between HDFC Capital and TVS Emerald materialised in March, when the real estate arm of the TVS Group inked an agreement with HDFC Capital Affordable Real Estate Fund-3. The aim was to establish a platform centred on plotted and low-rise development, with a focus on South India's real estate landscape.The plan outlines a comprehensive residential development agenda that covers a total of 250 acres in key markets across southern India. This ambitious undertaking is projected to yield over 5 million square feet of plotted and low-rise properties.Sources close to the development indicate that the land deals are nearing finalisation and anticipate swift conclusion. One of these transactions involves a plot in Chennai, with paperwork expected to be completed shortly.Despite email inquiries to HDFC Capital, TVS Emerald, and CBRE South India, which served as an advisor in setting up the platform, remaining unanswered, this endeavour signals the escalating interest in plotted developments and independent housing post-Covid-19. Well-established developers and institutional investors, including Mahindra Lifespaces, TVS Group, and Hiranandani Group, have begun exploring or venturing into this segment, driven by increased demand for customizable properties after the pandemic.As the demand for transparency and tailored housing options grows, both realty developers and institutional investors are poised to invest significantly in plotted developments and low-rise properties. This trend is reshaping the segment, bringing organisation and structure to what was once a fragmented market predominantly served by smaller developers.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..