Everest Industries completes sale of 16.84 acres land in Coimbatore
The transfer/ sale of balance portion of land of 6.48 acres is expected to be completed by November 4, 2026
Everest Industries (EIL) has concluded the execution of a Sale Deed with G Square Properties under Phase I and the company has sold/transferred 16.84 acres as per the documents of title / term sheet (which are equivalent to 18.99 acres as per Patta and 19.41 acres as per FMB) of vacant, excess land located at Kurichi Village, Podanur, Madukkarai Taluk, Coimbatore District, Tamil Nadu.
Out of 23.32 acres land, 16.84 acres land has been sold / transferred on April 10, 2026. The transfer/ sale of balance portion of land of 6.48 acres is expected to be completed by November 4, 2026. Out of total consideration of Rs 133.85 crore, the consideration received upto the date of execution of sale deed (including TDS) from such sale/disposal is Rs 100.82 crore.
Everest Industries (EIL) is one of India’s fastest growing building solutions company.
