G Square targets INR 1000-CR sales in FY22
Plans to launch 15+ projects by the end of the fiscal
cityairnews
Sep 8, 2021 06:37
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Chennai, September 8, 2021: G SQUARE, South India’s largest and highly experienced land aggregator and plot promoters, today announced the launch of G SQUARE Beachwalk, ECR’s only ON-ROAD plotted development project within city limits at Neelankarai. The company has set an ambitious sales target of INR 1000-cr in by the end of FY22 and plans to launch 15+ projects across Chennai and Coimbatore by the end of the fiscal.
Commenting on the launch, Mr. Eshwar Nagarajan, Chief Executive Officer, G SQUARE Realtors Private Limited said, “We are happy to be pre-launching G SQUARE Beachwalk, our 7th plotted development offering this fiscal. We are extremely overwhelmed with the response that we have got for our projects till date in both Chennai and Coimbatore. All our projects launched earlier have received phenomenal response and have been sold-out almost within 20 days. G SQUARE believes and specialises in offering only premium plots in prime ‘on road’ locations at the best prices, which by itself is a unique proposition. We are proud to have brought the ‘perfect plot’ culture to the first and the second largest cities in Tamil Nadu.”
“The real estate market continues to be robust, with the first quarter being good in numbers because of demand surge post lockdown. There is a clear shift in customer behaviour from buying apartments to buying plots. This is purely on account of people preferring independent spaces in the post-COVID era. We are confident that plot sales will move up from current 5 percent of the market share to 15 percent in next 3 - 4 years,” adds Eshwar.
