Latest news with #BalaRamajeyam
Time of India
28-06-2025
- Business
- Time of India
Real estate eyes growth corridor in North Chennai
Chennai: Once seen as the gritty industrial edge of the city, North Chennai is turning into one of the hottest new addresses in real estate, especially plotted development. Areas such as Red Hills, Puzhal, and Karanodai are fast turning into favourite hubs for plotted development due to various development projects planned by the govt. According to developers, North Chennai is what Anna Nagar was in the 1970s or Besant Nagar in the 1980s. From key connectivity upgrades such as Chennai Outer Ring Road (ORR) to the expansion of social infrastructure such as metro, schools, colleges and healthcare facilities, the region is rapidly evolving into a vibrant residential zone. "Chennai, Hyderabad and Bengaluru lead in plotted development when compared to the rest of India. These plots are created in all futuristic locations, where the govt has planned future development projects and where investments can grow," said Ranjeeth Rathod, executive committee member, Credai-Chennai. G Square's latest land acquisition aligns with this momentum. The firm has acquired a total 62.38 acres of land to develop 1,091 ready-to-construct villa plots spread across Red Hills, Puzhal, and Karanodai. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologists: 1 Teaspoon of This Before Bed Melts Belly Fat Like Crazy Hollywood News | USA Click Here Undo The total investment across these projects stands at 230 crores. "The new projects are strategically located with excellent access to major transit corridors, prominent educational institutions, healthcare hubs and other developments like Madhavaram Mofussil Bus Terminus (MMBT), fintech city at Madhavaram, Chennai Peripheral Ring Road," said Bala Ramajeyam, managing director, G Square Realtors Private Limited. Traditionally, South Chennai — especially along the GST corridor — has been the preferred choice for homebuyers, thanks to its established infrastructure and proximity to industries, said Abdul Rahman, national south wing secretary, CREDAI. "But North Chennai is poised to emerge as an interesting prospect. The key question buyers ask is how long it will take for property values to appreciate. If the govt promotes high-paying, white-collar employment opportunities in the region, it will significantly boost investor confidence and drive greater demand for housing in the years ahead. " Developers say homebuyers now crave personalized living spaces with the convenience of community features. "Most of the buyers are women, govt employees association, group of teachers and even IT employees. Nearly 90 per cent of the buyers select plots that are 1,200 sqft," added Ranjeeth Rathod.
Time of India
18-06-2025
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 나눔도 당신처럼 아름답게, 유니세프 팀 팔찌 유니세프 지금 기부하기 Undo 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. Live Events 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.
The Print
08-06-2025
- 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
08-06-2025
- 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
08-06-2025
- 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.
