G Square Group Acquires Prime 5 Acres Land in Madurai for ₹300 Crore

G Square Group, a prominent real estate developer, has made a strategic move by acquiring a five-acre land parcel in Periyar, Madurai, from the owners of the TVS Group. The land, formerly owned by the late T. V. Sundaram Iyengar, the founder of the TVS family group of companies, is valued at ₹300 crore.

The acquisition marks a significant step in G Square Group's expansion strategy in the southern Indian market. The land will be developed into a mixed-use project named G Square Temple View Square, which will include both residential and commercial components.

Of the total five acres, 1.63 acres are designated for residential development, and two acres are reserved for commercial use. The remaining area will be utilized for infrastructure and common amenities. The project will comprise 55 plots in total, including 50 residential plots and five commercial plots.

Residential plots are priced from ₹15,990 per square foot, translating to ₹69.64 lakh per cent. Commercial plots are offered from ₹25,990 per square foot, with pricing starting at ₹1.13 crore per cent.

This acquisition aligns with G Square Group's commitment to delivering high-quality, well-planned projects that cater to the growing demand for modern living and commercial spaces in tier-II cities like Madurai. The project's strategic location near Periyar, a bustling area known for its cultural and commercial significance, is expected to attract a diverse range of buyers and investors.

G Square Group is known for its focus on sustainable development and customer-centric projects. The company has a strong track record of delivering successful residential and commercial projects across India. The G Square Temple View Square project is expected to set new benchmarks in the real estate market of Madurai, offering a blend of modern amenities and a tranquil living environment.

The development of G Square Temple View Square is expected to commence soon, with the company aiming to create a vibrant community that offers a high quality of life and excellent investment opportunities. The project's proximity to key landmarks and amenities in Periyar, including educational institutions, healthcare facilities, and commercial centers, makes it an attractive proposition for both homebuyers and investors.

G Square Group's acquisition of this prime land parcel in Madurai is a testament to the company's vision and commitment to expanding its footprint in key markets. The project is poised to become a landmark development in the region, contributing to the economic and social development of Periyar and Madurai as a whole.