TVS Motors, a leading auto and two-wheeler developers, has entered into the real estate business by launching their first residential project in Chennai.
TVS group, the auto-major, has stepped into the real estate business with their new residential project in Chennai. This is the first major expansion of the group since it was established nearly four decades back. Emerald Haven Realty, promoted by the auto major, has already launched a residential project in Chennai.
Their initial project- Green Hills is launched at Perungalathur in South Chennai. Each housing unit, the project has total 448 housing units, is priced between Rs.25 lakh to Rs.45 lakh. However, TVS Motor’s CMD Mr. Venu Srinivasan could not be contacted for any comment on the group’s entry into the real estate sector. Continue reading