Everest Industries to Sell Coimbatore Land to G Square Realtors for ₹133.85 Crore

Building solutions major Everest Industries has given the go-signal for the sale of the land parcel of 23.32 acres at Coimbatore, Tamil Nadu, to G Square Realtors for ₹133.85 crores. The deal would be in three tranches, and the company clarified that the transaction would not affect its business operations.

The land parcel is classified as vacant and excess, located at Kurichi Village, Podanur. Further stating that the sale is a strategic decision that has been taken and will not bother its ongoing business, Everest Industries stated in the filing with the regulators, “The proposed sale will not have any impact on the business operations of the company.”

Tranche-wise payment schedule

Everest Industries has already received the first tranche of ₹7 crore after signing the term sheet on August 28, 2025. The second tranche of ₹8 crore will be released once an amendment to the environmental clearance is secured. The remaining ₹118.85 crore will be payable upon execution of the sale deed.

The deed of sale is expected within four months from signing the term sheet or within three months from receipt of environmental clearance, whichever is later. Both parties also have the option to extend the deadline by mutual consent.

Buyer Profile

The buyer, G Square Realtors, is one of Tamil Nadu’s leading real estate developers. Everest Industries confirmed that the buyer is unrelated to its promoter group, so the transaction has no related-party issues.

Stock Performance

Then, we take stock prices. The stock of Everest Industries, engaged in the manufacture of a variety of building products and solutions, is doing very well. The shares posted a gain of 21.82% over the last six months, which in turn conveys the respect of the investors in the steadiness in business performance of the company, interspersed with policies and actions like the ongoing land monetization.

With the monetization of its surplus land, Everest Industries joins the fast-growing list of Indian corporates that are pruning their non-core assets to unlock value. This move emphasizes how companies leverage their real estate holdings while remaining focused on their core business.