Chennai-headquartered real estate developer, G Square has announced its venture into alternate real estate verticals such as villas and apartments.
The firm, which is known for plotted development, now aims to cater to diverse residential preferences across its operating zones, including Tamil Nadu, Karnataka, and Telangana. The real estate firm will be investing over Rs.1,000 crore for these developments over the next five years.
Junaith Babu, Chief Operating Officer, G Square told The Hindu that these developments will happen in Chennai, Coimbatore and tier-2 towns like Tiruchi, Madurai and Tirunelveli among others. The villa will be priced from Rs.90 lakh on wards (in Chennai) and in smaller towards it would be priced at Rs.75 lakh upwards depending on the location. The apartment projects will mainly come up in Chennai in locations like Vandalur, Porur and Madhavaram. “Prices will start from Rs.35 lakh to Rs.50 lakh for a one BHK project. For the bigger one’s the prices will go up to Rs.1 crore,” Mr.Babu said. He said that these projects will be delivered by 2027.
He also said that the firm has a land bank of over 1,000 acres across Tamil Nadu. Till date, G Square has completed over 127 projects and catered to over 15,000 customers, aggregated nearly 4,000 acres of prime land.
Published – January 30, 2025 01:08 am IST