Archive · 7 Jun 2025
G Square Acquires Kovai Hills for ₹1,000 Crore, Launches Township
G Square, a real estate company, purchased Rakindo’s Kovai Hills project in Coimbatore, India, for about ₹1,000 crore.
They are developing a new township called G Square Seven Hills, which will include plots for building homes, as well as space for businesses.
The project is near the Western Ghats, offering scenic views and cooler temperatures.
G Square plans to sell plots and partner with other companies to develop the remaining land with residential and commercial properties.
G Square acquired Rakindo’s Kovai Hills project for about ₹1,000 crore.
The project is rebranded as G Square Seven Hills, spanning 714 acres.
Phase 1 covers 406 acres with 3,127 plots.
The remaining land is for joint ventures and commercial developments.
The township is strategically located near the Western Ghats.
- Who
- G Square Group acquired the project from Rakindo.
- What
- G Square acquired Rakindo’s Kovai Hills project and is developing a township called G Square Seven Hills.
- When
- Published on June 7, 2025
- Where
- Coimbatore, India, near the Western Ghats.
- Why
- To capitalize on Coimbatore’s rapid growth and offer premium plots.
- Acquisition Price
- ₹1,000 crore
- Project Name
- G Square Seven Hills
- Total Area
- 714 acres
- Phase 1 Area
- 406 acres
- Plot Development Area
- About 400 acres
- Pre-launch Price
- ₹12.9 lakh per cent