Mysuru: G Square, the leading real estate developer of South India, has achieved a new milestone with the launch of G Square Alchemy on 80 feet road, New Kantharaj Urs Road, Rajarajeshwari Nagar in the city.

Within a mere 56 hours of its launch, 230 plots of the total 264 premium plots developed in Phase 1 have been booked, realising a turnover of Rs. 150  crore. The market value of the land at Rajarajeshwari Nagar is Rs. 7,000 per square feet, but G Square is offering the plots at Rs. 4,999 per square feet. It has met with an overwhelming response, encouraging to open bookings for Phase 2 of project.

 The residential plots are offered under G Square Alchemy Plug and Play premium with the complete approval of Mysuru Urban Development Authority (MUDA) and Real Estate Regulatory Authority (RERA), promising a legal clarity and hassle-free ownership for those willing to buy the houses and the investors.

The Phase 1 of the project developed on 41-acre area includes 264 well-planned plots, ranging from 838 square feet to 3,875 square feet and has been designed at the totally developed township.  The residents can look for enjoying over 35 world class basic amenities, including 24×7 security, black top roads, underground drainage, uninterrupted water supply and modernised sewage treatment plant (STP).

G Square Managing Director Bala Ramajeyam says, “Within 56 minutes of the launch of G Square Alchemy, the swift sales is a proof for the faith the customers have in our determination and quality. It is a well-planned plot, with adequate safety and security features, reflecting the changes conforming with the taste of the customers. We are truly grateful for the faith, the customers have in us. In the last three years, over 70 percent of the customers have gained 100% earnings. Most of the customers have seen how the value of their plot has grown manifold during the  pre-launch stage.”

G Square Alchemy, that is developed in Rajarajeshwari Nagar, one of the fast growing residential layouts of Mysuru, has better connectivity to Bus Stand, Railway Station and Airport. It is also well-connected with Outer Ring Road, New Kantharaj Urs Road and Bogadi Road.

The region is attracting buyers from Mysuru, Bengaluru and Chennai, and the improvement in basic infrastructural facilities and growing market value is the reason. The Kantharaj Urs Road works that is nearing completion is expected to attract more investments.

Bala Ramajeyam says “Mysuru is fast growing as an investment hub and G Square is in the forefront of this transformation. From over 12 years, we have to our credit over 100 premium projects developed on 4,000 acres of land, catering to over 15,000 customers making us a faithful firm contributing to the expansion of the cities in South India.”