TVS Realty arm buys Chennai plot for Rs 150 crore
TVS Emerald Housing, the real estate arm of TVS group, has bought a 6.5 acre land parcel in Chennai’s IT corridor for Rs 150 crore from SNP Infrastructure, according to people aware of the matter.
The land was bought at Rs 20 crore per acre, in line with the market rate. “The company will develop a residential project on this land,” said one person, who did not wish to be identified. Also read http://realtyplusmag.com/defining-architectural-values-ushering-a-new-era/