Latest news with #Rakindo
The Print
6 hours ago
- Business
- The Print
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.
Time of India
7 hours ago
- Business
- Time of India
G Square Group acquires Rakindo's Kovai Hills project for ₹707 crore
NEW DELHI: G Square Group has acquired Kovai Hills project from Rakindo for ₹707 crore in Coimbatore . Bala Ramajeyam , founder and managing director of the company said, "G Square is also open to larger JV partners to participate in developing commercial and residential developments within this 714-acre township." The project renamed as G Square Seven Hills spans 714 acres with Phase 1 covering 406 acres and featuring 3,127 plots. The remaining 308 acres are designated for joint ventures with villa and apartment developers, built-to-suit IT infrastructure projects, including commercial leasing and business parks, malls and multiplexes.
Hindustan Times
9 hours ago
- Business
- Hindustan Times
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 located in Coimbatore for ₹707 crore and will develop it as an integrated township, the company said. 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, it said. Also Read: Hyderabad real estate: Are soaring property prices making it difficult for young techies to buy homes and get married? 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.
News18
a day ago
- Business
- News18
G Square Group acquires 714-acre project in Coimbatore for Rs 707 cr
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. In a statement on Saturday, the company announced launch of 'G Square Seven Hill', a township project that combines plots and mixed-use development. '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. 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
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Business Standard
a day ago
- Business
- Business Standard
G Square Group announces Rs 1,000 crore mega township project in Coimbatore
G Square Group, a leading South Indian real estate developer, has acquired a 714- acre Kovai Hills project from Rakindo for Rs 1,000 crore, the latest in a series of major investments transforming Coimbatore into a premier real estate destination. The Kovai Hills project, now rebranded as G Square Seven Hills, is an expansive township project that combines plots and mixed-use development. This comes after other recent investments in the region, such as Astrea Real Estate Developers' (a Phoenix Mills subsidiary) purchase of 9.03 acre 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 company said. The 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, it said. Bala Ramajeyam, founder and managing director of G Square Group, said, 'We are pleased to announce our mega Seven Hills project in Coimbatore. It demonstrates our commitment to unlocking growth and development in a city with immense potential and strong demand for plots. 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." "We are committed to expanding in a strategic manner and look forward to the next phase of growth of this project. 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 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. The project is also strategically located along key infrastructural points, such as the Bangalore-Kochi industrial corridor, it said.
