G Square Group Acquires 714-Acre Township Project in Coimbatore for ₹707 Crore
Chennai-based real estate firm G Square Group has acquired a 714-acre project from Rakindo’s Kovai Hills project in Coimbatore for ₹707 crore. The project, now rebranded as G Square Seven Hills, will be developed as an integrated township.
Real EstateCoimbatoreG Square GroupTownship ProjectProperty AcquisitionReal Estate NewsJun 08, 2025
The Kovai Hills project, now rebranded as G Square Seven Hills, spans 714 acres with Phase 1 covering 406 acres and featuring 3,127 premium plots. The remaining 308 acres are designated for joint ventures with villa and apartment developers, as well as built-to-suit IT infrastructure projects, including commercial leasing and business parks, malls, and multiplexes, the company said.
The township is located in Kovaipudhur near Madukkarai, along the Western Ghats and close to the Palakkad Gap. Spread across areas like Perur, Chettipalayam, Sundakkamuthur, and Theethipalayam, the site is naturally elevated and offers wide views of Coimbatore city, the company said.
Coimbatore’s rapid growth and investor confidence make it the perfect market for our business plans. We are committed to strategic expansion and look forward to the next phase of growth for this project. G Square is also open to larger JV partners to participate in developing commercial and residential developments within this 714-acre township, Bala Ramajeyam, founder and managing director of G Square Group, said.
The acquisition and development of this township project are significant steps in G Square Group’s expansion strategy. The company aims to leverage the growing real estate market in Coimbatore to create a comprehensive and sustainable living environment for residents and businesses alike.
Frequently Asked Questions
What is the total area of the project acquired by G Square Group?
The project acquired by G Square Group in Coimbatore is 714 acres in total.
What is the new name of the project after the acquisition?
The project, after being acquired by G Square Group, is now rebranded as G Square Seven Hills.
How much did G Square Group pay for the project?
G Square Group paid ₹707 crore for the 714-acre project in Coimbatore.
What are the main features of Phase 1 of the project?
Phase 1 of the G Square Seven Hills project covers 406 acres and includes 3,127 premium plots.
What is the strategic location of the township?
The township is located in Kovaipudhur near Madukkarai, along the Western Ghats and close to the Palakkad Gap, offering wide views of Coimbatore city.
Related News Articles
M3M India Strengthens Construction Capabilities with Appointment of Stuart McConnachie as Chief Construction Controller
Real estate company M3M India has appointed Stuart McConnachie as Chief Construction Controller, leveraging his 27 years of international experience in construction management and project oversight.
Maharashtra Real Estate Agents Exam Sees 87% Pass Rate: A Boost for Transparency and Trust
MahaRERA releases results for 5th Real Estate Agents exam, with 87% pass rate and over 4,000 candidates qualifying
Mumbai's Real Estate Market Sees Shift Towards Larger Flats
Mumbai's property buyers increasingly demanding larger flats, leading to a surge in registrations
Kamdhenu Sees 28% Profit Growth to Rs 15.43 Crore in Q1 FY25 Despite Revenue Decline
Kamdhenu's profit grows 28% to over Rs 15 crore in Q1 FY25 despite revenue decline due to general election and severe heat waves
Oyo Acquires G6 Hospitality from Blackstone Real Estate in a $525 Million Deal
Oyo, a travel tech platform, has announced its agreement to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million.
Sensex and Nifty in the Limelight: Why CLSA Shifts Focus to India's Market
The Indian stock market, particularly the Sensex and Nifty, is drawing significant attention from global analysts. CLSA, a leading investment firm, has decided to shift its focus from China to India, citing several compelling reasons.