True value Homes ventures into residential layout development

True Value Homes

True Value Homes, a Chennai based realty entity has ventured into the residential layout development reiterating that all is not well with sales of apartment in the city due to stagnancy in the realty market. The company has invested in a 100-acre development at Mannivakkam on Tambaram-Padappai road with HDFC Property Fund and an equity investment of 100 crore.

K G Krishnamurthy, the MD and CEO of the fund said that, “The funder has taken 26% stake in the SPV. HDFC was looking at a five year term for exiting from the project with an IRR of 26-28%. “

True Value Homes owner N Ravichandran stated that, “The Township would be developed in four phases, starting with a 25-acre plotted development in the first phase. Row houses, villas, apartments and commercial developments would follow in subsequent phases.” He further added that, “True Value Homes developers have acquired land over the last 7 years.”

About the company- TVH real estate sector widely known for its standards of quality and excellence. It is an ISO 9001:2000 & ISO 14001:2004 Certified Company and a member of the US Green Building Council since 2007.The Company is emerging as one of the leading realty entities with over 7.1 million sq.ft. of constructed residential and commercial space, 4.1 million sq.ft. of projects under construction and 12 million sq.ft. of projects in pipeline. Since its inception in the year 1997, the company has achieved considerable success providing quality dwellings to the customers.

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  • ankur mehta

    True Value Homes had been my favourite real estate developers in Chennai. I am waiting for its next project Titanium City where they planned 100-acre development at Mannivakkam. In my point of view, TVH has set the benchmark for the construction industry in Chennai.

  • Manas

    This
    article has given me a brief knowledge about the investment rules which HDFC
    has done in True Value Homes project.

    • karenjitkaur

      I agree

  • varun

    In my
    view, this action will help this company raise their quality towards their
    project and make their development worthy of the people who are about to
    invest in this project.

  • bhanu

    After reading this article… I was thinking that why not I go and visit there for my new office. I have been a long time that I was thinking about my new office’s location and as TVH is making this project in such location so I should check out this.

  • Harleen

    TVH has become a brand now this company is in the market for a year and have no issues till now. People are happy with their services and they are very kind after getting connected to them.

  • karenjitkaur

    I was very excited when I read the news of True Value Homes had invested in a 100-acre development at Mannivakkam. I get more details on the internet about the project that it is a 25-acre plotted development with all the amenity row houses, villas, apartments and commercial developments etc. I am really looking forward to the Titanium City project.

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