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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..