TVS Emerald, Columbia Pacific to develop senior living project in Chennai ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 33
Real estate developer Emerald Haven Realty Ltd (TVS Emerald) has partnered with senior citizen living community operator Columbia Pacific Group to develop and operate a senior living residential project in the city, company officials said on Wednesday. The project would consist of approximately 250 homes built on a 2.7-acre plot in Thaiyur in neighbouring Chengalpet district. "This is a 50:50 joint venture. We bring the development skills and they are bringing senior living expertise," TVS Emerald president and chief executive officer Sriram Iyer told reporters. According to company officials quoted in a joint statement, the senior living segment in the country is valued at about USD 10 bill

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