TCM Ltd Forms Joint Venture for Premium Villa Project

TCM Limited has entered into a binding Memorandum of Understanding (MOU) with M/s Asset Homes Private Limited and Mr. Suhas Nandan to form a Joint Venture/Special Purpose Vehicle (SPV) named 'ASSET TCM ESTATES PVT LTD'. The JV aims to develop a premium residential villa project at Kalamassery, Ernakulam. TCM Limited will contribute land as the landowning partner, Asset Homes Private Limited will act as the developer, and Mr. Suhas Nandan will be the investor, contributing ₹25 crore as working capital. The definitive agreements are expected to be executed soon.