G Square Realtors Pvt Ltd, the Chennai-based land aggregator and real estate promoters, will double its revenue to nearly ₹5,000 crore in the current financial year, said National Sales Head, Sivakumar Pethaiyan. “We are working towards an IPO in 2028,” he told businessline.

At present, the company has 61 live projects in Tamil Nadu. The growth will come from expansion in to multiple cities across Tamil Nadu, Karnataka, and in Hyderabad. The expansion is also happening in tier-2 towns like Dindigul, Ambur, Theni, Madurai, Tirunelveli, Nagercoill, Tirupattur and Udumalpet, said Pethaiyan. In the last 12 years, the company has acquired over 4,000 acres of land parcels and has catered to over 15,000 customers, he added.

Established in 2012 by Bala Ramajeyam, who hails from Erode, Tamil Nadu, G Square started as a land aggregation company catering to companies like TVS, Indiabulls, Ceat, Murugappa, JK Tyres, Saravana Stores and Casagrand. In 2021, it forayed into B2C and has projects located in 14 cities.

The company, on Tuesday, announced the launch of Aranya, a premium residential plot and villa in Porur in the city. This is priced between ₹4,290 and ₹6,000 per sq ft, he told newspersons.

The development on Chennai Bypass Service Road is 19.35 acres, offers villa plots ranging from 800 sq ft to 3,800 sq ft catering to diverse homeowner needs, he said. There will be 464 Plots, 125 apartments and villas (as per customer request), he added.