{"id":7160,"date":"2015-10-16T09:03:46","date_gmt":"2015-10-16T09:03:46","guid":{"rendered":"https:\/\/tvh.in\/demo\/tvh\/?post_type=news-events&p=7160"},"modified":"2021-12-03T09:04:07","modified_gmt":"2021-12-03T09:04:07","slug":"tvh-enter-residential-layout-biz","status":"publish","type":"news-events","link":"https:\/\/tvh.in\/demo\/news-events\/tvh-enter-residential-layout-biz\/","title":{"rendered":"TVH enter residential layout biz"},"content":{"rendered":"

TVH enter residential layout biz<\/h2>\n

\"\"<\/p>\n\n\n\n\n\n\n
Publication Name<\/td>\nTimes of India<\/td>\n<\/tr>\n
Headline<\/td>\nTVH enter residential layout biz<\/td>\n<\/tr>\n
Circulation- 3,321,702<\/td>\nReadership- 9965106<\/td>\n<\/tr>\n
Date<\/td>\nOctober 16, 2015<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>
<\/span><\/div>
\n

Chennai: In line with ma-ny big names in the realty sector, Chennai-based True Value Homes (TVH) has al-so ventured into residential layout development, reite-rating that all is not well with apartment sales in the city as the market still re-mains sluggish. The develo-per has roped in HDFC Pro-perty Fund into the project \u2014 a 100-acre development at Mannivakkam on Tamba-ram-Padappai road \u2014 with an equity investment of 2100 crore. The funder has taken 26% stake hi the SPV, said MD and CEO of the fund, K G Krishnamurthy. HDFC was looking at a five year term for exiting from the project with an IRR of 26-28 %, said Krishnamurthy. TVH chairman N Ravi-chandran said the town-ship would be developed in four phases, starting with a 25-acre plotted develop-ment in the first phase. Row houses, villas, apartments and commercial develop-ments would follow in sub-sequent phases, he said. TVH acquired land over last 7 years, he added.<\/p>\n<\/div>\n<\/div><\/div>