G Square Acquires 714-Acre Coimbatore Project for Rs 707 Crore
Realty firm G Square Group has acquired a 714-acre project in Coimbatore for Rs 707 crore. The project, rebranded as 'G Square Seven Hills,' will be developed into an integrated township with plots, villas, and commercial spaces.
Real EstateG Square GroupCoimbatoreTownship DevelopmentAcquisitionReal Estate NewsJun 07, 2025
The acquisition marks a significant milestone in G Square Group's strategy to transform Coimbatore into a premier real estate destination. The project, known as the Kovai Hills project, spans 714 acres. Phase 1 of the project covers 406 acres and will include 3,127 premium plots. The remaining 308 acres are designated for joint ventures with signature villa and apartment developers, built-to-suit IT infrastructure projects, commercial leasing, business parks, malls, and multiplexes.
Bala Ramajeyam, Founder and Managing Director of G Square Group, stated, 'This township project demonstrates our commitment to unlocking growth and development in a city with immense potential and strong demand for plots. G Square is also open to larger JV partners to participate in developing commercial and residential developments within this 714-acre township.'
G Square Group is one of the leading developers in South India, known for its integrated township projects and commitment to sustainable development. The company's recent acquisition aligns with its strategic vision to expand its portfolio and meet the growing demand for high-quality real estate in Coimbatore and other key cities in the region.
The acquisition of the 714-acre project from Rakindo for Rs 707 crore is a testament to G Square Group's financial strength and market confidence. The project is expected to catalyze further economic growth in Coimbatore, attracting both local and international investors.
As the real estate market in Coimbatore continues to evolve, G Square Group's 'G Square Seven Hills' project is poised to set new standards in integrated township development. The project's comprehensive planning and strategic location make it an attractive option for both residential and commercial developments, positioning Coimbatore as a key player in the South Indian real estate market.
Frequently Asked Questions
What is the size of the project acquired by G Square Group in Coimbatore?
G Square Group has acquired a 714-acre project in Coimbatore.
How much did G Square Group pay for the 714-acre project in Coimbatore?
G Square Group paid Rs 707 crore for the 714-acre project in Coimbatore.
What is the name of the rebranded project in Coimbatore?
The rebranded project in Coimbatore is called 'G Square Seven Hills.'
What will be included in the G Square Seven Hills project?
The G Square Seven Hills project will include plots, villas, and commercial spaces such as IT infrastructure, business parks, malls, and multiplexes.
Who is the Founder and Managing Director of G Square Group?
Bala Ramajeyam is the Founder and Managing Director of G Square Group.
Related News Articles
Government Unlikely to Tinker with Capital Gains Tax; Cyclicals to Maintain Market Leadership
There is a little bit of cushion with one trillion extra from the RBI dividend and maybe about half a trillion in terms of better revenue than what was forecast. So, there may be a little bit more for the farmers, there could be some tax concessions at th
PNB Housing Finance Shares Plummet Amid Block Deal Speculation
PNB Housing Finance shares declined over 2% amid heavy trading volume following reports of Carlyle Group's plan to offload a 12.8% stake in the company.
Should You Invest in PC Jeweller Shares? Expert Chandan Taparia Weighs In
Chandan Taparia of MOFSL shares his insights on PC Jeweller's stock performance and provides recommendations for investors.
MVA Finalizes Seat Allocation for Maharashtra: Congress to Contest 105-110 Seats, Uddhav Sena 90-95
The Maha Vikas Aghadi (MVA) alliance has finalized the seat-sharing agreement for the upcoming Maharashtra elections. The Congress party will contest on 105-110 seats, while the Uddhav Thackeray-led Sena will contest on 90-95 seats.
Ayodhya's Real Estate Market Soars: 15-Fold Increase in 3 Years
The real estate market in Ayodhya has witnessed a staggering 15-fold increase in property prices over the past three years, according to Abhinandan Lodha, Chairman of The House of Abhinandan. This surge is attributed to the city's growing importance and i
RERA Orders Refund and Penalty for Developer’s Violation of Real Estate Laws
The Telangana State Real Estate Regulatory Authority (RERA) has directed Bhuvanteza Infra Projects Pvt. Ltd to refund Rs 32 lakh to a homebuyer along with 11.05% annual interest. Additionally, a penalty of Rs 11.46 lakh was imposed on the developer for vi