KG Group entering new market in Coimbatore in 2015

Q: I'm really interested in following the latest happenings in the real estate world. Recently i heard that KG Group is entering the retirement home market in Coimbatore. Any truth to that?

Shruthi Kishore, Coimbatore

30th January 2015

Real estate News in Coimbatore

coimbatore real estate

coimbatore growth

coimbatore news

real estate development in coimbatore

coimbatore realty market growth

real estate latest news

coimbatore realty market trends

coimbatore real estate state

kg group coimbatore

kg group expansion coimbatore

Follow Discussion

Also see discussions for

Coimbatore Real estate News Real estate News in Coimbatore

Replies (6)

Hi, yes KG Group is foraying into retirement homes now, and the company has planned to go for the fourth phase of the project later this year with about 300 apartments with which the entire project spread over 11 acres of land would be completed.

Lakshmi Srinivasan, Coimbatore

31st January 2015

Comment

Some information i found online ; the choice of availing of services like food or housekeeping has been left to the occupants since some people preferred to do it themselves. Hence, the recurring cost would depend on the services availed. The project also came with facilities like departmental store, 2 wheeler workshop, banking service etc

Krish Ravi, Coimbatore

31st January 2015

Comment

Here are some details, in the third phase now being launched, the company plans to build nearly 200 flats (2 BHK flats) and also 48 apartments as part of the retirement homes initiative. The price of retirement homes (2 BHK apartments) came with a price tag of Rs. 17.99 lakh onwards and it was not for high income retirees alone

Naduveetil Rajgopal, Coimbatore

30th January 2015

Comment

You shouldn't really be surprised since KG Group's Vedapatti project was targeted at the less affluent segment. But there was no compromise on quality. The apartment costs in the third phase would only be marginally higher than the first two phases and 2 BHK apartments of about 500 sq. ft in size would come with a starting price of Rs. 11.99 lakh

Thiru Chandrashekar, Coimbatore

30th January 2015

Comment

Yeah, the Coimbatore based KG Group with a presence in different segments like housing, textiles etc, has also entered into the retirement home segment by launching a project for senior citizens as part of the third phase of its Garden City project in Vedapatti in the city

Sumitra Kannan, Coimbatore

30th January 2015

Comment

Why is this suddenly coming along? I thought that KG Group was mostly into construction of residential apartments?

Abhishek Iyer, Coimbatore

30th January 2015

Comment

I don't know the exact reason but i have this quote form the chairman ''Government had estimated that there was a need for building 2.3 crore homes in the country, especially to meet the needs of the less affluent and the poor''. I think this is the main reason behind this venture into retirement homes.

Prem Sharma, Delhi

30th January 2015