4 days ago
- Business
- United News of India
G Square Group announces mega township project in Coimbatore
Hyderabad, June 7 (UNI) G Square Group, a leading South Indian real estate developer, on
Saturday announced G Square Seven Hills, an expansive township project in Coimbatore.
The project combines plots and mixed-use development, the company said in a release.
The acquisition of the 714- acre project from Rakindo for ₹707 crore, marked the latest in a series
of major investments transforming Coimbatore into a premier real estate destination.
This comes after other recent investments in the region, such as Astrea Real Estate Developers' (a Phoenix Mills subsidiary) purchase of 9.03 acres for retail development, L&T's commitment for a world-class IT park and Capgemini's investment creating over 1,500 jobs at Elcot SEZ.
The Kovai Hills project, now rebranded as G Square Seven Hills, spans 714 acres with Phase 1 covering 406 acres and featuring 3,127 DTCP and RERA-approved 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.
Strategically positioned along the Western Ghats adjacent to the Palakkad Gap in Kovaipudhur near Madukkarai, this naturally elevated township project offers panoramic views of Coimbatore while spanning Perur, Chettipalayam, Sundakkamuthur, and Theethipalayam.
Located at the edge of reserve forests, the township benefits from lower ambient temperatures, creating a naturally cooler microclimate with lush greenery that drives strong appreciation potential
for early investors.
Speaking on the announcement, Bala Ramajeyam, Founder and Managing Director of G Square Group, said, 'We are pleased to announce our mega Seven Hills project in Coimbatore. As an expanding player in real estate, our goal is to offer premium, ready-to-build plots in key locations. Coimbatore's rapid growth and investor confidence make it the perfect market for our business plans".
G Square is also open to larger JV partners to participate in developing commercial and residential developments within this 714-acre township, he said
The development is ideally positioned to attract spiritual tourists and wellness seekers traveling to destinations like Isha Yoga Centre, a popular wellness destination, religious hotspots like Guruvayoor and Sabarimala – the gateway to Kerala, he added.
With over 15,000 happy customers across South India, G Square's footprint spans Chennai, Hyderabad, Coimbatore, Madurai, Tirunelveli, Tuticorin, Trichy, Pollachi, Hosur, Mysuru, Ballari,
and more.
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