G Square Group announces mega township project in Coimbatore

G Square Group, a leading South Indian real estate developer, announces G Square Seven Hills, an expansive township project that combines plots and mixed-use development. 
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. 
Speaking on the announcement, Mr Bala Ramajeyam, Founder and Managing Director of G Square Group, said, “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.”