|Publication Name||The Hindu Business Line|
|Headline||TVH launches plotted layout|
|Readership||130,000 and Circulation – 3,90,000|
|Date||October 17, 2015|
Link : http://www.thehindubusinessline.com/news/real-estate/tvh-launches-plotted-layout/article7770939.ece
True Value Homes, a Chennai-based residential developer, is entering a new market segment with the launch of a plotted layout as part of a 100-acre township.
Hiref-HDFC International Realty Fund has taken a 26 per cent stake, about Rs. 100 crore, at the SPV level in the project. The development, TVH Titanium City, is coming up at West Tambaram in Chennai.
In the first phase, TVH willlaunch a 25-acre layout with plots of 600 sq ft to 3,000 sq ft priced between Rs.2,400 and Rs.3,000 a sq ft. Titanium City will later launch row houses, villas, apartments and commercial space in the township project.
N Ravichandran, TVH Chairman, said the company has seen a strong demand for plotted development in the suburb and has come out with a complete solution.
If the buyers choose, TVH will also handle construction of houses. It has five tailor-made plans for each plot size. The construction cost will be approximately Rs.2,000 a sq ft.
KG Krishnamurthy, MD & CEO, HDFC Property Ventures Ltd, said it has handled a similar project in Pune which had proven attractive.