M&A

M&A

G Square acquires Rakindo’s Coimbatore project for Rs.1,000-Cr

Business Standard  

Chennai-based G Square Group, a real estate developer, has acquired the 714 acre “Kovai Hills” project in Coimbatore from Rakindo for INR 1,000 crore.The project, now rebranded as G Square Seven Hills, is an expansive township project that combines plots and mixed-use development. Phase 1 covers 406 acres 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.