India, June 24 -- TVS Emerald, the real estate arm of the TVS Group, has acquired a prime 7.18-acre land parcel near Rayasandra Lake in southeast Bengaluru to develop a premium residential project. The company expects the project to generate revenue of over Rs.700 crore.

"This site presents an excellent opportunity to develop a premium residential community, given its superior location and accessibility," said Sriram Iyer, director and CEO of TVS Emerald. "We look forward to increasing our presence in Bangalore with this strategic acquisition in Rayasandra."

The acquisition marks TVS Emerald's seventh major land acquisition in Bengaluru, highlighting the company's growing focus on the city as a high-potential real estate destination.

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