True Value Homes to invest Rs.800 cr for various projects

Chennai: True Value Homes India Pvt Ltd (TVH), is planning to invest Rs 800 crore over the next three years to develop around 12 projects, majority of which will be in the residential segment.

The company has so far developed six million sft cumulatively in both commercial and residential space. It is now developing around five million sft with major share of the projects in Chennai. It has a few more projects in the pipeline to develop around seven million sft and which may go up according to the market condition in future.

The company has projects in Chennai, Coimbatore and Trichy. TVH is also looking at the fast growing Tier II cities for property development. They are planning a joint venture project in Madurai.

Besides, the company is looking at starting projects at Thiruvananthapuran and Kochi in Kerala in the medium segment. It also has plans to start a project in Bangalore.

TVH recently announced the launch of its Rs 125-crore high-end green residential project, TAUS, at Old Mahabalipuram Road, chennai, with 403 apartments.