TVS Developments is tracked in Mayakhedi through Emerald Crescent, a plotted residential scheme on the western edge of Indore. The project is the clearest point of contact between the TVS name and this locality, so the rest of this page treats it as the anchor for any buyer evaluating TVS Developments here.
The wider TVS group has a substantial record in residential development. TVS Emerald, the real estate arm of the TVS Group, was incorporated in 2012 and is headquartered in Chennai. Its first project, TVS Emerald Green Hills in Perungalathur, was completed in 2016 and received India's highest CONQUAS score from Singapore's Building and Construction Authority. In 2023 the company signed a platform agreement with HDFC Capital worth ₹1,000 crore for plotted developments, and in FY 2022-23 it reported sales of over 1,000 units with revenue above ₹925 crore.
Emerald Crescent is a gated plotted enclave in Mayakhedi village, within the Indore Municipal Corporation limits. The layout spans 4.055 hectares and comprises 128 plots, with plot sizes between 1,500 and 2,400 square feet. Its entrance is a 100-foot-wide plaza, and the internal circulation is built around a crescent-shaped central spine road lined with landscaped gardens.
The shared amenity list includes a clubhouse, swimming pool, gym, multipurpose hall, kids' play area, sports courts and gardens, backed by three-tier security and 24x7 CCTV surveillance. The project carries RERA registration P-IND-25-5789 under the Madhya Pradesh RERA.
Public listings credit the scheme to Emerald Developers, and portals quote different starting prices, from prices on request on the project site to a starting figure of around ₹1.2 crore excluding other charges on third-party listings. Buyers should confirm the developer of record and the current price sheet against the RERA entry before committing.
Mayakhedi sits along the AB Bypass Road, which has turned a former village into one of the more active residential corridors on Indore's western side. Listing portals describe the locality as having transit points in close proximity, and the AB Bypass gives residents a direct route to the rest of the city without crossing dense central traffic.
For a buyer who wants land rather than an apartment, the appeal is control over the built form. Plot ownership in a planned scheme like Emerald Crescent allows the owner to design a home to a chosen footprint and timeline, which is the core proposition TVS Developments offers here.
The TVS name also has a direct stake in the Indore economy through TVS Industrial & Logistics Parks. The company acquired 20 acres in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation and began building a Grade A, built-to-suit logistics park. The investment is reported at ₹250 crore, with operations scheduled to begin by August 2026, and the park is expected to employ more than 1,000 people in and around Indore.
The park sits about 25 kilometres from Indore city centre and roughly a kilometre from National Highway 47, the Indo-Ahmedabad corridor. For Mayakhedi, employment growth in the Pithampur belt adds to the long-run case for housing on the western side of the city, since workers relocating to the industrial cluster tend to look at the AB Bypass corridor as a commute option.
One listing aggregator reports an average property rate of about ₹6,300 per square foot, while another shows asking averages for villas of around ₹4,700 per square foot. Plot listings on resale portals range from about ₹38 lakh for smaller parcels to over ₹2 crore for large corner plots, which underlines how wide the local market is.
The practical reading for a TVS Developments buyer is that a new, RERA-registered plotted scheme is being evaluated against a broad resale market. Buyers should compare per-square-foot rates on a like-for-like basis, including plot area, facing and development charges.