NEW DELHI: G Square Group has acquired five acres of land parcel worth ₹300 crore in Periyar, Madurai, from the owners of the TVS Group, to develop a residential and commercial plotted project- G Square Temple View Square.
The land was formerly owned by the late T. V. Sundaram Iyengar, the founder of the TVS family group of companies.
Of the total, 1.63 acres is earmarked for residential development and two acres for commercial use, with the balance allocated for infrastructure and common amenities. The project comprises 55 plots in total, including 50 residential plots and five commercial plots.
Residential plots are priced from ₹15,990 per sq ft onwards, translating to ₹69.64 lakh onwards per cent, while commercial plots are offered from ₹25,990 per sq ft onwards, with pricing starting at ₹1.13 crore onwards per cent.
