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G Square Real Estate Expands into Villas and Apartments with ₹1000 Crore Investment

G Square Real Estate, a leading name in the plotted development sector, has announced its strategic expansion into new real estate verticals, including villas and apartments. This move aligns with the company’s vision to cater to diverse residential preferences across Tamil Nadu, Karnataka, and Telangana. Over the next two years, G Square Real Estate plans to invest more than ₹1000 crore to drive this expansion, strengthening its presence in the South Indian real estate market.

Expanding Beyond Plots: A Game-Changer in Real Estate

G Square Real Estate has built a strong reputation for delivering premium plotted developments, and this latest expansion will introduce high-quality villas and apartments across both existing and upcoming projects. Unlike competitors who focus on smaller layouts in peripheral regions, G Square’s developments are strategically located in prime urban areas, ensuring better value appreciation and long-term returns.

To facilitate this ambitious expansion, the company is actively seeking partnerships with reputed builders. By integrating all real estate verticals—plots, villas, and apartments—G Square Real Estate aims to become the go-to choice for both homeowners and investors looking for high-value properties in key metropolitan and Tier-II cities.

Unmatched Affordability & Strategic Land Acquisition

One of the key factors behind G Square Real Estate’s continued success is its ability to deliver large-scale projects at unmatched prices. With over 12 years of expertise in land aggregation, the company has mastered the process of acquiring prime properties in strategic locations at competitive rates. This expertise, which has helped G Square dominate the plotted development market, will now be leveraged to offer affordable yet premium villas and apartments.

Commenting on this milestone, Bala Ramajeyam, MD, G Square Realtors, stated:

“This is a proud moment for G Square Real Estate as we enter the next phase of our evolution. Having successfully conquered the plotted development market, we are now expanding to cater to the evolving residential needs of our customers. Whether it’s apartments, villas, or plots, our mission is to provide people with their dream homes in their preferred format. This expansion will span across all our operating zones, including Tier-I, Tier-II, and Tier-III cities, ensuring accessibility for all. G Square Real Estate is planning to invest over ₹1000 crore in this model over the next two years.”

Strong Market Presence in South India

G Square Real Estate has a well-established presence in South India’s leading cities, including Chennai, Coimbatore, Trichy, Hyderabad, and Mysuru. The company is committed to delivering high-quality developments, regardless of the city’s tier, by maintaining the same superior standards of planning, construction, and modern amenities across all its projects.

The company has successfully completed over 127 projects, served 15,000+ satisfied customers, and aggregated nearly 4,000 acres of prime land. With a reputation for delivering legally secure properties and customer-centric solutions, G Square Real Estate continues to redefine urban landscapes with its innovative approach.

This diversification into villas and apartments marks a significant milestone in the company’s journey, reinforcing its commitment to providing affordable, high-quality, and legally secure real estate solutions. With this expansion, G Square Real Estate is poised to become a comprehensive real estate leader in South India, offering premium residential options that cater to every buyer’s needs.

Why Choose G Square Real Estate?

Prime Locations – Strategically placed developments in major cities

Affordable Pricing – Competitive rates with high-value appreciation

Legal Transparency – 100% legal clearance, ensuring peace of mind

Superior Infrastructure – Premium construction and world-class amenities

Diverse Property Options – Plots, Villas, and Apartments to suit all preferences

For more details on G Square Real Estate’s upcoming villa and apartment projects, visit G Square Real Estate’s official website or contact their sales team.

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Nithin Kamath Proposes Linking Real Estate Prices to AQI Levels

Zerodha co-founder Nithin Kamath has reignited the debate on whether real estate prices should be linked to air quality. In a post on X, Kamath suggested that property prices should decrease in areas with poor air quality, given the associated health risks.

"Shouldn't property prices be linked to AQI? The higher the AQI, the lower the real estate prices should be. That means if an area has poor air quality, property prices and rents should be lower, and vice versa. After all, by living in such areas, you are accepting higher odds of respiratory ailments, cancer," he wrote.

Kamath also shared insights from his interaction with age-reversal entrepreneur Bryan Johnson, who initially believed air pollution was limited to Delhi during winter. The conversation took place on Nikhil Kamath's WTF podcast, recorded in a sea-facing Bandra apartment where the indoor AQI exceeded 160.

"If the AQI was this high in Bandra, just imagine the levels in the more crowded parts of the town. Later, I got an AQI meter for our office in J.P. Nagar—a quiet corner of Bengaluru—and was shocked to see it reading 120+. Again, imagine how much worse it might be in the busier parts of the city," Kamath noted, highlighting the impact of construction dust and poor roads.

Kamath pointed out that in the US and Europe, AQI levels typically remain below 50, whereas long-term exposure to poor air quality in Indian cities poses significant health risks.

"This has bothered me ever since. Everyone should have equal access to clean air. With water, you can use a filter to ensure decent quality. But what about air? We seem to have gotten used to the fact that air pollution is just a part of life, and we're okay with breathing low-quality air even though clean air is a fundamental right granted to citizens by the Constitution," he added.

He also called on researchers and hospital chains to collaborate with Zerodha's Rainmatter initiative to study the impact of poor air quality on public health.

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Goa's Real Estate Boom Threatens Its Cultural and Ecological Identity

The real estate market in Goa is witnessing an unprecedented boom, sparking widespread concerns over its impact on the state's cultural heritage and ecological balance. Once a haven for artists, intellectuals, and those seeking an alternative lifestyle, Goa is now transforming into a luxury destination for urban elites. The shift has ignited debates on gentrification, the loss of community-centric architecture, and the erosion of zoning protections that once safeguarded Goa’s landscape.

Luxury Developments Replace Traditional Landscapes

Across the state, conversations about real estate have become inescapable. From grocery stores to cafes housed in centuries-old Goan homes, discussions revolve around soaring property prices and the changing face of Goa. In villages, where cattle once carved winding paths, complaints about land sales and environmental disruptions dominate morning walks.

A stark visual transformation accompanies this shift. Where lush paddy fields once stretched toward the horizon, green construction nets now flutter, heralding new gated communities and high-end villas. Ashika Nadaph, an architect specializing in the restoration of Indo-Portuguese homes, notes that the pandemic accelerated an influx of buyers who “still want the metro life, but from a distance.”

“Gentrification is inevitable,” Nadaph says. “But it is not as problematic as gated communities, which isolate residents from the village fabric.” Traditional Goan homes, with their inviting balcãos (porches) and communal courtyards, fostered interaction. Today’s high-walled complexes, however, offer self-contained lifestyles that sever ties with local communities.

Zoning Protections Weakened as Land Conversions Surge

Goa’s real estate boom can be traced back to the erosion of its once-strong zoning regulations. In 1986, the state took a pioneering step by implementing legally binding zoning laws to maintain a balance between development and ecology. However, in 1988, selective relaxations began chipping away at these protections, leading to unregulated growth.

The situation worsened with amendments to the Goa Town and Country Planning Act, particularly Sections 16B and 17(2), which facilitated large-scale land conversions. Between 2019 and 2020, over 23 lakh square meters of land were converted, with a similar amount awaiting approval in 2023. By June 2024, another 4.42 lakh square meters of agricultural and natural land had been proposed for reclassification as settlements.

Soaring Property Prices and the Investment Frenzy

Property prices in Goa have skyrocketed, with luxury villas in inland areas selling for Rs 3-4 crore and land near Anjuna’s beaches appreciating by nearly 1,000%. Nadaph notes that land prices, once at Rs 8,000 per square meter, have now surged to Rs 35,000-40,000.

The pandemic played a crucial role in accelerating these trends. Dominic Viegas, former General Manager of Operations at Riviera Goa, observed a 200% rise in villa values in 2020 alone. However, seasoned investors like Charles Victor argue that this surge was not an anomaly but part of a continuous upward trajectory. “Goa is like a magic trampoline that has only gone up,” Victor says.

South Goa Resists the Development Onslaught

While North Goa has already witnessed extensive development, South Goa is now at the forefront of resistance against unchecked real estate expansion. Civil society groups such as the Goa Foundation and local activists have been leading efforts to protect the region’s ecological integrity. Movements like #SaveMollem, which opposed destructive infrastructure projects in the state’s forests, exemplify this fight.

More recently, residents of Loliem and Poinguinim have petitioned the environment ministry to include their villages in the upcoming Eco-Sensitive Areas notification. The protests are aimed at halting a proposed film city on a laterite plateau, which locals fear will further disrupt Goa’s fragile ecosystem.

As the real estate market continues its aggressive expansion, the battle for Goa’s soul rages on. Whether the state can strike a balance between economic growth and preserving its cultural and environmental heritage remains an open question

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G Square Regal Park by G Square Realtors: A Nature Lover’s Paradise in Vandalur

If you are looking for residential land for sale in Vandalur, Chennai, that offers both nature’s serenity and modern conveniences, look no further than G Square Regal Park by G Square Realtors. Spread across 23.53 acres, this secured villa plot community is an ideal investment for nature lovers and homebuyers who dream of building a personalized home amidst lush greenery.

Located near Vandalur Zoo, G Square Regal Park provides a peaceful, pollution-free environment while ensuring excellent connectivity to key city hubs. Whether you are planning to build a dream home or invest in premium residential plots in Chennai, this location guarantees long-term value and an enhanced lifestyle.

Why Choose Residential Plots for Sale in Vandalur at G Square Regal Park?

Here’s why G Square Regal Park by G Square Realtors is the ultimate choice for those seeking nature-friendly plots in Vandalur, Chennai:

1. Proximity to Vandalur Zoological Park

Situated just five minutes from Vandalur Zoo, one of India’s largest wildlife parks, these Vandalur plots for sale provide an up-close experience with nature. Living here means waking up to fresh air and scenic landscapes while enjoying easy access to one of Chennai’s most popular green spaces.

Whether you’re looking for a weekend retreat or a permanent residence, this location ensures a rejuvenating lifestyle surrounded by nature.

2. Surrounded by Lush Green Belts

G Square Regal Park is designed by G Square Realtors to offer pollution-free, green living. The entire community is surrounded by green belts, ensuring a calm and serene environment for residents. Whether you’re planning for retirement or looking for an investment in a rapidly growing location, this is one of the best residential plots near Vandalur Zoo.

3. Beautiful Parks and Open Spaces

Unlike other residential developments, G Square Regal Park by G Square Realtors is enriched with expansive parks, gardens, and open recreational spaces. Whether you prefer morning jogs, evening strolls, or family outings, this location is designed to provide an immersive experience with nature.

4. Close to Chennai’s Top Educational Institutions

Families with children will appreciate the strategic location of G Square Regal Park, as it offers close proximity to leading educational institutions such as:

SRM University

Crescent University

Peri Institute

By investing in plots near Vandalur Zoo, you ensure your family gets access to quality education while living in a peaceful environment.

5. Excellent Connectivity to Major City Hubs

One of the standout features of G Square Regal Park is its seamless connectivity to key locations in Chennai, including:

Vandalur Railway Station

Kilambakkam Bus Terminus

Chennai International Airport

IT hubs & MNC offices

With smooth access to major roads and transit points, daily commutes to work, schools, or entertainment hubs become stress-free. This makes G Square Regal Park by G Square Realtors one of the best land investment opportunities in Chennai.

6. Secured Community with World-Class Amenities

G Square Regal Park offers 386 premium villa plots, ranging from 550 sq. ft. to 4600 sq. ft., allowing homeowners to design and build their dream homes. The gated community provides top-tier security, 24/7 CCTV surveillance, and well-laid roads, ensuring a safe and convenient living experience.

Exclusive Amenities at G Square Regal Park

Lush Landscapes & Green Zones – Experience tranquility with tree-lined pathways, gardens, and parks.

Multipurpose Garden & Outdoor Gym – Enjoy fitness and recreation amid nature.

Children’s Play Zones – Secure and engaging play areas for kids.

Walking & Jogging Trails – Paved trails for morning walks and evening strolls.

Eco-Friendly Infrastructure – Includes rainwater harvesting, solar-powered lighting, and dedicated gardening spaces.

G Square Regal Park: A Smart Real Estate Investment in Chennai

If you are searching for residential land for sale in Vandalur, G Square Regal Park by G Square Realtors is the perfect choice. Offering a blend of modern living, strategic location, and nature-friendly surroundings, this gated villa community ensures high investment returns and a superior lifestyle.

Book Your Dream Plot at G Square Regal Park Today!

Prime Location near Vandalur Zoo

Secured Community with 50+ World-Class Amenities

Excellent Connectivity to Major City Hubs

High Appreciation Potential for Investors

Don’t miss out on this incredible opportunity! Schedule a visit to G Square Regal Park by G Square Realtors and secure your dream residential plot in Vandalur, Chennai.

Contact G Square Realtors today for more details!

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Budget 2025: Key Expectations for the Real Estate Sector

With the Union Budget 2025 approaching, the real estate industry is eagerly anticipating policy reforms that could drive growth, improve affordability, and attract investment. Following Finance Minister Nirmala Sitharaman’s month-long consultations with industry stakeholders, several key proposals have emerged as top priorities for the sector.

Boosting Housing Affordability & Demand

One of the most significant expectations is an increase in the tax exemption limit on home loan interest under Section 24(b) of the Income Tax Act, from ₹2 lakh to ₹5 lakh. This move could provide substantial financial relief to homebuyers, particularly in the middle-income segment, thereby stimulating demand for residential properties.

Additionally, industry leaders are advocating for the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for first-time homebuyers, which could help advance the ‘Housing for All’ initiative and facilitate homeownership for millions.

Incentives for Developers & Affordable Housing

On the supply side, experts emphasize the need to reinstate the 100% tax exemption under Section 80-IBA for affordable housing projects. This incentive, which expired in 2022, encouraged developers to focus on affordable housing—a critical segment for India's urban and rural housing needs. Its revival could significantly boost investment in this sector.

Developers also seek tax holidays and improved liquidity measures, including incentives to attract both domestic and foreign investments. Industry bodies have called for a revision in the affordable housing price cap to align with rising development costs in metropolitan cities, ensuring projects remain financially viable.

Tax & GST Reforms to Reduce Costs

Amendments to GST regulations could also ease financial burdens. Industry experts recommend:

Allowing input tax credit on under-construction properties to lower costs for developers and buyers.

Reducing GST on cement from 28% to 18% to bring down construction expenses.

Incentivizing green buildings to promote sustainable, technology-driven growth.

Enhancing Real Estate Investments & REITs

The sector is also looking forward to tax incentives for Real Estate Investment Trusts (REITs), which could attract institutional investments and provide relief to homebuyers. Adjustments to the REIT framework, combined with tax breaks on long-term capital gains, could drive increased participation in India’s real estate market.

Additionally, fostering private investments through Alternative Investment Funds (AIFs) and offering tax incentives to institutional investors could enhance liquidity and facilitate ambitious infrastructure projects.

Monetary Policy & Interest Rate Cuts

The industry expects the Reserve Bank of India (RBI) to reduce the repo rate by at least 50 basis points in 2025, a move that could lower home loan interest rates, making housing more affordable. With housing prices surging by 21% in 2024, developers believe a repo rate cut would improve affordability, boost demand, and support sustainable growth.

Infrastructure & Urban Development Push

Infrastructure development remains a crucial focus, with calls for increased budgetary allocations for urban renewal projects and improved connectivity. A significant rise in capital expenditure last year accelerated infrastructure growth, particularly in Tier 2 and Tier 3 cities. A similar push this year, with an allocation of at least ₹10 lakh crore, could further enhance connectivity and unlock new growth corridors.

Conclusion

A well-balanced regulatory and monetary approach in the Budget 2025 could empower the real estate sector to drive urban transformation, create jobs, and contribute to the government's vision of ‘Housing for All’. By addressing key hurdles such as high borrowing costs, taxation burdens, and liquidity constraints, the sector can play a pivotal role in India's economic growth.

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Why HNIs Are Selling Luxury Properties in Mumbai’s Real Estate Market

Several high-net-worth individuals (HNIs), including Bollywood celebrities, have recently sold their properties in Mumbai, raising questions about the motivations behind these transactions. Experts suggest that factors such as profit booking, capital gains management, and tax implications may be driving these sales.

Profit Booking and Capital Gains Offset

HNIs often invest in both equities and real estate. While the Indian stock market has seen a bearish trend in recent months, real estate prices—particularly in Mumbai’s luxury segment—have surged. Many investors may be liquidating their real estate assets to offset long-term capital gains against losses incurred in the stock market.

For instance, an investor who sells shares worth ₹100 crore at a ₹10 crore loss could offset this against the long-term capital gain from selling a property for ₹100 crore, thereby saving ₹1.25 crore in taxes.

Tax Policy Changes Impacting Real Estate Decisions

The tax regime has also played a role in influencing investor behavior. In Budget 2024-25, Finance Minister Nirmala Sitharaman proposed reducing the long-term capital gains (LTCG) tax on real estate from 20% to 12.5%, albeit without the indexation benefit. However, concerns arose that this could increase the tax burden in the long run and discourage real estate investments. The government later decided to revise the proposal amid criticism.

Rising Property Prices in Select Pockets

Despite a moderate overall growth in Mumbai’s Housing Price Index (HPI), select premium and luxury segments have witnessed significant appreciation. Neetu Vinayek, Partner and Tax Infra Leader at EY India, notes that some investors may be cashing out on long-term gains amid speculation over potential tax policy changes.

While no official market reports indicate an immediate downturn, some investors may be wary of a possible increase in the LTCG tax rate or the complete withdrawal of indexation benefits. These uncertainties could be prompting HNIs to exit their real estate investments while prices remain favorable.

As the Mumbai real estate market continues to evolve, investor sentiment will likely be shaped by a combination of market dynamics, taxation policies, and broader economic conditions.

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G Square Realtors Reaffirms Compliance with Tax Laws, Denies Allegations

G Square Realtors Pvt Ltd has issued a statement addressing recent media reports and clarifying its position following searches conducted by the Income Tax department last month. The company emphasized its unwavering commitment to transparency, legal compliance, and ethical business practices.

Bala, also known as Ramajeyam, Managing Director of G Square Realtors, stated that the Income Tax department’s investigations have conclusively confirmed that the company has no affiliations with any political party or their family members. He further highlighted that the company has extended full cooperation to the authorities, providing all necessary documents and evidence related to its business operations, including income sources from completed and ongoing projects.

The company clarified that the searches were part of routine inspections aimed at ensuring compliance with tax laws. Such inspections are common in the real estate sector, and several firms across the country have undergone similar processes in recent months. G Square Realtors reiterated its dedication to maintaining the highest standards of corporate governance and adherence to regulatory requirements.

In response to misinformation circulating on social media, G Square Realtors clarified that it is not associated with any specific chartered accountant as claimed. The company confirmed that G Shankar and Associates serve as its statutory auditors, while AVS Associates handle compliance and audit functions.

The Income Tax department’s searches followed allegations made by state BJP president K Annamalai, which linked the company to the DMK party. G Square Realtors firmly denied these claims, stating that the investigations have debunked all baseless allegations, including those regarding the company’s net worth.

Despite the challenges, G Square Realtors remains focused on its mission to deliver high-quality real estate projects and uphold its reputation as a trustworthy and law-abiding organization. The company expressed gratitude for the continued support of its stakeholders and reaffirmed its commitment to ethical business practices and transparency.

By addressing these concerns head-on, G Square Realtors aims to strengthen trust with its customers, partners, and the broader community, ensuring its operations align with the highest standards of integrity and compliance.

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Lodha vs Lodha: Abhishek Lodha Speaks Out on Trademark Dispute

Abhishek Lodha, Managing Director of Macrotech Developers, has broken his silence regarding the ongoing trademark dispute with his younger brother Abhinandan Lodha’s company, the House of Abhinandan Lodha (HoABL). In an exclusive interview with Mint, Abhishek clarified that the issue is purely a matter of trademark infringement, emphasizing that there is no personal dispute between the brothers.

Macrotech Developers, known for its high-profile real estate projects, recently filed a lawsuit in the Bombay High Court against HoABL for allegedly infringing on its trademark. The lawsuit seeks appropriate injunctions, damages, and reliefs due to the alleged misuse of the "Lodha" brand, which is associated with Macrotech Developers.

Trademark Infringement, Not Personal Dispute

Abhishek explained that the legal action was necessary to protect the Lodha brand, which has been repeatedly used in ways that could mislead customers. "There are many instances where the Lodha brand has been misused to mislead customers. Otherwise, why would I take this step?" he said. "I love my brother, and this is very painful, but this is a publicly listed company with global investors and a significant shareholder in India’s largest charitable entities. The brand is too valuable to be used improperly."

Abhishek also emphasized that the company had exhausted every possible effort to resolve the matter privately, but legal action became unavoidable to protect the integrity of the brand.

The Value of the Lodha Brand

For Abhishek, the Lodha brand is not just a name but a vital part of Macrotech Developers' identity. "In real estate, the brand is the ultimate identifier. It represents quality, financial stability, and integrity," he said. "When customers buy property, they trust the brand, and that trust influences their decisions."

He further noted that the company is committed to protecting the brand to ensure that consumers are not misled. "When consumers deal with Lodha, they must know they are dealing with Macrotech Developers’ Lodha brand."

Family Separation and Company Responsibility

Abhishek also addressed the separation of the family business, which led to Abhinandan founding his own real estate company. "When the family split, there were ₹20,000 crore in liabilities, and I took on that responsibility. I have no issue with Abhinandan starting his own real estate venture, but our brand cannot be used by anyone else," he stated.

Macrotech Developers' Strong Performance

Despite the ongoing legal dispute, Macrotech Developers has been performing strongly. In its recent financial report for the quarter ending in December, the company reported an 88% increase in consolidated net profit, which reached ₹944.4 crore. This was driven by higher income and robust housing demand. The company’s total income grew from ₹2,958.7 crore to ₹4,146.6 crore year-on-year.

Additionally, Macrotech achieved ₹12,820 crore in pre-sales until December 2024, marking a 25% growth compared to the previous year. The company is confident of meeting its fiscal year’s sales target of ₹17,500 crore.

A Leading Player in Real Estate

Macrotech Developers is one of India’s largest real estate firms, having delivered approximately 100 million square feet of real estate. The company is currently working on more than 110 million square feet of ongoing and planned projects.

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Coldplay Concert 2025: 5 Key Insights into Ahmedabad’s Real Estate Market and Infrastructure Growth

Ahmedabad recently hosted two spectacular Coldplay concerts on January 25 and 26, drawing fans from across the country. The city’s infrastructure received praise for smoothly accommodating the event, highlighting the ongoing urban development. Here are five important aspects of Ahmedabad’s real estate market and infrastructure growth:

1) Ahmedabad: Gujarat’s Largest City

Ahmedabad, renowned for its rich cultural heritage, is not only a historical center but also an industrial powerhouse. With major industries in textiles, chemicals, pharmaceuticals, and automobiles, the city plays a crucial role in India’s economic landscape. According to real estate consultancy ANAROCK, Ahmedabad is the seventh-largest city in India and the largest in Gujarat. Its population exceeds 8.8 million, with a per capita income of ₹4.04 lakh, contributing approximately 20% to the state’s GDP, as per Colliers India.

2) Real Estate Market Growth

Ahmedabad’s real estate market has witnessed significant growth due to the city's economic and infrastructural development. As one of India’s key industrial hubs, it continues to attract both residential and commercial investments. The ongoing development of key projects and improved connectivity is expected to further boost the real estate sector.

3) Ahmedabad to Mumbai Bullet Train Project

A major infrastructure project that has caught national attention is the Ahmedabad to Mumbai Bullet Train. The National High-Speed Rail Corporation Limited (NHSRCL) initiated a critical phase in December 2024, focusing on rail welding. This marks the final step before track laying begins for the 508-kilometer route, designed for speeds of up to 320 km/h. This project promises to reduce travel time drastically, linking Ahmedabad with key cities like Mumbai, Surat, Vadodara, and more.

4) Enhanced Connectivity with Bullet Train

The Ahmedabad-Mumbai bullet train will connect 12 stations, starting from Bandra Kurla Complex (BKC) in Mumbai, extending to Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad, and Sabarmati. This will enhance the city’s connectivity, making it even more attractive for both residents and businesses.

5) Future Prospects for Ahmedabad

With the ongoing infrastructure upgrades, including the bullet train and various real estate developments, Ahmedabad is set to become an even more pivotal player in India’s economic and urban landscape. The city's modernized infrastructure and urbanization will likely fuel further growth in the real estate sector, positioning it as a top destination for both investors and residents.

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What Happened During the G Square IT Raid? Clarifying Allegations and Ensuring Transparency

In April 2023, G Square Realtors, one of India’s leading real estate companies, faced an IT raid as part of a nationwide investigation into tax compliance in the real estate sector. The raid sparked controversy, media speculation, and political allegations. However, G Square’s Managing Director, Bala Ramajeyam, quickly clarified the situation to dispel rumors and uphold the company’s reputation.

Routine IT Raid for Compliance

The G Square IT raid, conducted on April 24, 2023, targeted the company’s offices in Tamil Nadu, including Chennai, Coimbatore, Trichy, and Hosur. According to Ramajeyam, this was a routine compliance check, part of a larger operation addressing tax evasion in the real estate sector.

“These inspections ensure transparency and compliance. Similar raids have been conducted across other real estate companies in India,” said Ramajeyam.

The company emphasized its full cooperation with the authorities and its commitment to ethical practices, stressing that the raid reaffirmed its adherence to the law.

Addressing Political Allegations

After the raid, rumors surfaced linking G Square to the DMK political party. Ramajeyam categorically denied these claims, clarifying that the company had no political affiliations.

“The investigations proved there are no links between G Square and any political party. Allegations of our valuation being Rs. 38,000 crores are baseless and malicious,” he added.

Refuting Media Claims of Seizures

Several media outlets reported that Rs. 3.50 crore was seized during the raid. However, Ramajeyam refuted this, stating that no funds were confiscated. He urged the public to trust official IT department records, which confirmed there were no seizures.

G Square’s Contributions to the Economy

Amidst the controversy, G Square highlighted its positive impact on the economy.

Employment: Over the last 15 years, the company has generated 33,000+ direct and indirect jobs.

Tax Contributions: G Square contributes Rs. 1,000 crore annually in taxes, including income tax, GST, and stamp duties.

These figures demonstrate the company’s significant role in supporting India’s economy.

Commitment to Transparency

The IT raid, rather than tarnishing G Square’s image, has reinforced its dedication to transparency and ethical business practices. Ramajeyam’s statements, backed by official findings, clarified misconceptions and bolstered the company’s credibility.

Conclusion

Despite political allegations and false media reports, G Square Realtors remains focused on growth, compliance, and maintaining its leadership in India’s real estate sector. The company’s commitment to ethical practices and transparency ensures its reputation as a responsible industry leader.

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Amitabh and Abhishek Bachchan's Real Estate Investments Cross ₹100 Crore in 2024

Bollywood legend Amitabh Bachchan and his son, actor Abhishek Bachchan, have made waves in the real estate market with investments surpassing ₹100 crore in 2024. Together, the father-son duo has acquired properties totaling 27,000 sq ft across various segments in Mumbai and beyond, according to data accessed by SquareYards.

Amitabh Bachchan’s Major Transactions

Amitabh Bachchan recently sold his luxury duplex apartment in Mumbai’s Andheri area for ₹83 crore, registering a staggering 168% profit. He had initially purchased the 5,185 sq ft apartment in the upscale Atlantis building in April 2021 for ₹31 crore.

The property sale, completed in January 2025, incurred a stamp duty payment of ₹4.98 crore and a registration fee of ₹30,000. This significant transaction highlights the Shehenshah of Bollywood’s sharp investment acumen.

In 2024 alone, Amitabh invested over ₹76 crore in Mumbai’s real estate market, further expanding his already impressive portfolio.

Abhishek Bachchan’s Investments

Abhishek Bachchan, on the other hand, invested over ₹30 crore in Mumbai’s residential and commercial real estate in 2024.

Oberoi Sky City, Borivali: In June 2024, Abhishek purchased six apartments in the Oberoi Sky City project for ₹15.42 crore. These apartments span a total of 4,894 sq ft of RERA carpet area, with a per sq ft price of ₹31,498, as per records accessed by Zapkey.com.

Oberoi Eternia, Mulund: In October 2024, the father-son duo jointly purchased 10 apartments worth ₹24.95 crore in the Oberoi Eternia project in Mulund.

Investments Beyond Mumbai

Amitabh Bachchan has also expanded his real estate footprint outside Mumbai.

Alibaug Land Parcel: In April 2024, he acquired a 10,000 sq ft plot in Alibaug for ₹10 crore from The House of Abhinandan Lodha (HoABL).

Ayodhya Land: Earlier in January 2024, Amitabh purchased a 10,000 sq ft plot in Ayodhya from the same developer. Located in “The Sarayu,” a luxurious 7-star mixed-use enclave in the temple town, the land was acquired for ₹14.5 crore.

Real Estate Milestone

With combined investments exceeding ₹100 crore in 2024, Amitabh and Abhishek Bachchan have demonstrated a strong presence in the real estate market, balancing high-value transactions with strategic acquisitions in prime locations. Their moves reflect the growing trend of Bollywood celebrities investing in high-value properties across India.

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MahaRERA Issues Guidelines for Homebuyers: Key Points to Consider Before Investing in Property

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued comprehensive guidelines for prospective homebuyers to ensure informed decision-making before purchasing property. These measures aim to encourage due diligence and enhance transparency in real estate transactions.

Key Guidelines for Homebuyers

Project Approvals and Legal Clearances

Confirm that project plans are approved by the local planning authority.

Verify the commencement certificate, which specifies construction permissions up to a particular floor.

Check for any ongoing litigations or encumbrances on the project.

Ensure the plot’s title clearance report is in place.

Sale Agreements and Allotment Letters

Review the sale agreement and allotment letter formats approved by MahaRERA.

Ensure these documents detail parking arrangements, facilities, and promised amenities.

Booking and Payment

If booking a home by paying up to 10% of the total cost, it is mandatory for the developer to execute an Agreement for Sale.

Registered Real Estate Agents

Always transact with MahaRERA-registered real estate agents to safeguard your interests.

Financial Discipline

Developers are required to deposit 70% of the project funds in an escrow account to ensure financial accountability.

Developer Obligations

MahaRERA emphasized the responsibilities of developers, including:

Quarterly Updates: Developers must submit progress reports to MahaRERA every quarter. Buyers can track project updates on the MahaRERA website.

Agreement Annexures:

Agreements for sale must include details such as flat number, carpet area, project completion date, and parking arrangements.

Parking spaces should be clearly defined, including the type (garage, stilt, mechanical, or open), dimensions, and location.

Facilities and amenities must be listed with their expected completion timelines.

Homebuyers are advised to monitor project developments regularly and contact MahaRERA for any grievances or non-compliance by developers.

These guidelines reinforce MahaRERA’s commitment to safeguarding buyers and promoting transparency in Maharashtra’s real estate sector.

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