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. Published On Jun 7,…