G Square Group acquires 714-acre project in Coimbatore for Rs 707 cr
'The acquisition of the 714-acre project from Rakindo for Rs 707 crore, marked the latest in a series of major investments transforming Coimbatore into a premier real estate destination,' it said.
In a statement on Saturday, the company announced launch of 'G Square Seven Hill', a township project that combines plots and mixed-use development.
New Delhi, Jun 7 (PTI) Realty firm G Square Group has acquired 714-acre project from Rakindo in Coimbatore for Rs 707 crore and will develop it as an integrated township.
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 signature villa and apartment developers, built-to-suit IT infrastructure projects, including commercial leasing and business parks, malls, and multiplexes.
Bala Ramajeyam, Founder and Managing Director of G Square Group, said 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,' he added.
G Square is one of the leading developers in south India. PTI MJH TRB
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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