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
AAI Height Restrictions Stall Redevelopment Projects in Mumbai's Dahisar
BJP MLA from Dahisar writes to aviation minister to intervene in redevelopment projects worth ₹7,000 crore involving 10,000 households.
Budget 2024: Real Estate Sector Seeks Reforms and Incentives for Growth
Business News / Budget Expectations / Real Estate Sector Hopes for GST Rate Reductions and More
No Alcohol at Diljit Dosanjh's Pune Concert: Maharashtra Excise Department Cancels Permit
Diljit Dosanjh's highly anticipated concert in Pune, scheduled to take place at Kakade Farm in Kothrud, faced a significant setback as the Maharashtra Excise Department revoked the alcohol permit. The decision has sparked debate and criticism from various
Indian English: A Flourishing Language with Its Own Unique Identity
Congress MP and celebrated author Shashi Tharoor captivated the audience at the 12th edition of the Pune International Literature Festival (PILF) by highlighting the dynamic nature of Indian English and its significant contributions to literature and cult
Outlook 2025: Indian Real Estate Poised for Growth and Innovation
India's real estate market is set to undergo a significant transformation by 2025, with industrial, warehousing, and alternative asset classes leading the way.
IBBI Amends Rules to Ease Homebuyers' Woes in Insolvency Process
The Insolvency and Bankruptcy Board of India (IBBI) has introduced new rules to assist distressed homebuyers by allowing them to take possession of their properties during the resolution process. These measures aim to enhance the efficiency and transparen