TVS Emerald, a realty firm part of the TVS Group, has raised Rs 425 crore in equity funding from the International Finance Corporation (IFC) to support its upcoming housing projects.

The investment will primarily fund two residential developments in Chennai and Bengaluru, set to launch in the next fiscal year, along with other future projects. The company plans to allocate Rs 136 crore for the Chennai project and Rs 103 crore for the Bengaluru project, with the remainder of the funds earmarked for additional developments over the next two years. The two new projects in Chennai and Bengaluru are expected to generate a combined revenue potential of Rs 4,400 crore.

TVS Emerald specialises in residential developments and self-sustaining communities, with a significant presence in both cities. The company has already delivered over 6 million sq ft of residential projects and currently has more than nine million sq. ft. under development.