Rakindo Developers Pvt Ltd is actively engaged in establishing an integrated township project in Coimbatore, with a significant estimated investment amounting to six thousand crore rupees. This company is a joint venture formed by the global business entity RAKEEN and the Chennai-based mineral conglomerate Trimex group. The new project, known as Kovai Hills, is set to be developed over a sprawling one thousand acres, featuring an elegant eighteen-hole golf course as its centerpiece. The ambitious venture includes the construction of luxurious golf course villas, accompanied by breathtaking mountain views and lush greenery. Notably, Rakindo will offer these exclusive villas under the unique scheme ‘Own by Invitation Only,’ marking a first of its kind for projects in Tamil Nadu. Strategically positioned southwest along the Coimbatore-Palakkad route, this project will boast more than twenty million square feet of constructed space, allowing for ample living and recreational facilities. According to Mr. Prasad Konery, managing director of Rakindo Developers, he stated, “Our vision is to create theme-based townships which will offer holistic lifestyle and world-class amenities. The Kovai township project will be a signature project and will provide an ideal living experience.” Furthermore, Mr. Prasad emphasized that the project is slated for launch in the third quarter of this year and will be a self-sustaining township featuring noteworthy components such as an IT SEZ, a specialty hospital, educational institutions, a star hotel, a clubhouse, a wellness center, as well as retail, commercial, and residential developments. He further remarked, “Rakindo is committed to investing Rs 20,000 crore in India over the next five years and will, on a conservative estimate, build about fifty million square feet. The company is poised to announce a series of new projects in Kerala, Tamil Nadu, and Karnataka within the next year.” With a substantial land bank of over 3,000 acres, Rakindo is quickly establishing itself as a leading player within the Indian real estate sector. The firm is expanding its horizons with plans to create a pan-India presence over the upcoming five years through a myriad of new projects. Additionally, Rakindo aims to diversify into various sectors including retail, hospitality, education, and healthcare through strategic collaborations and partnerships.