G Square Realtors acquire 62 acres in North Chennai for Rs 230 crore villa plot project
Real estate developer
G Square Realtors
Pvt Ltd has acquired 62.38 acres of land in the northern part of the city to develop 1,091 villa plots, a top official said on Wednesday.
The project marks one of the ambitious residential expansions in North Chennai with 1,091
ready-to-construct villa plots
spread across Red Hills, Puzhal and Karanodai localities in North Chennai.
With a total investment of Rs 230 crore, the projects are strategically located with key access to transit corridors, educational institutions, healthcare facilities among many others.
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Commenting on the new projects, G Square Realtors Pvt Ltd Managing Director Bala Ramajeyam in a company statement said, "North Chennai is no longer under developed and ignored. Today, there is rapid development, major connectivity upgrades and social infrastructure catching up fast."
"It is poised to be the next
high-growth residential belt
. Our new projects in this corridor offer unmatched access, perfect legal documentation and modern living environments that make owning a home both practical and aspirational," Ramajeyam added.
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Each project would come with the company's hallmark features including ready-to-construct plots, blacktop roads with street lighting, 24x7 CCTV surveillance among others, the company said.
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