G Square Realtors, South India’s leading real estate company, has dismissed allegations linking them to political parties following recent G Square IT Raid investigations. The company’s Managing Director, Bala alias Ramajeyam, stated that these investigations “conclusively debunked all baseless claims,” including exaggerated reports about the company’s net worth of Rs 38,000 crore.

G Square IT Raid Clears Misconceptions The G Square IT Raid conducted on April 24 saw searches at over 50 locations, including G Square offices in Chennai, Coimbatore, Trichy, and Hosur. G Square described the raids as routine and comparable to similar inspections carried out on other real estate companies in recent months.

In response to allegations from Tamil Nadu BJP Chief K. Annamalai, who accused the company of having political ties with the DMK and generating Rs 38,827 crore in revenue, Bala firmly denied these claims. He labeled them “false and malicious,” reaffirming that G Square has no connection to any political figures or parties.

Rebuttal of Cash Seizure Reports The company also addressed media reports alleging the seizure of Rs 3.5 crore during the G Square IT Raid. Ramajeyam called the claims “baseless and misleading,” emphasizing that such allegations are intended to harm the company’s reputation. He urged the public to rely on verifiable information from tax authorities.

G Square’s Growth and Contributions G Square Realtors has faced these challenges by focusing on growth and resilience. In its statement, the company thanked individuals who made baseless allegations, noting that such actions have driven them to “emerge stronger” as a national brand.

Over the past 15 years, G Square has created 33,000 direct and indirect jobs and contributed nearly Rs 1,000 crore in taxes, including income tax, GST, and stamp duties.

Outlook Post G Square IT Raid The company reiterated its commitment to delivering exceptional real estate projects while maintaining transparency and integrity. G Square Realtors continues to build its reputation as a leader in South Indian real estate, offering premium properties and world-class amenities.

G Square Realtors, South India’s leading real estate company, has dismissed allegations linking them to political parties following recent G Square IT Raid investigations. The company’s Managing Director, Bala alias Ramajeyam, stated that these investigations “conclusively debunked all baseless claims,” including exaggerated reports about the company’s net worth of Rs 38,000 crore. **G Square IT Raid Clears Misconceptions** The [G Square IT Raid](https://propertycorner.hashnode.dev/g-square-it-raid-managing-director-denies-political-connections-and-reaffirms-business-integrity) conducted on April 24 saw searches at over 50 locations, including G Square offices in Chennai, Coimbatore, Trichy, and Hosur. G Square described the raids as routine and comparable to similar inspections carried out on other real estate companies in recent months. In response to allegations from Tamil Nadu BJP Chief K. Annamalai, who accused the company of having political ties with the DMK and generating Rs 38,827 crore in revenue, Bala firmly denied these claims. He labeled them “false and malicious,” reaffirming that G Square has no connection to any political figures or parties. **Rebuttal of Cash Seizure Reports** The company also addressed media reports alleging the seizure of Rs 3.5 crore during the [G Square IT Raid](https://vocal.media/motivation/g-square-it-raid-clarifying-misconceptions-and-strengthening-legal-compliance). Ramajeyam called the claims “baseless and misleading,” emphasizing that such allegations are intended to harm the company’s reputation. He urged the public to rely on verifiable information from tax authorities. **G Square’s Growth and Contributions** [G Square Realtors](https://www.thehindu.com/brandhub/g-square-honoring-11-years-of-peoples-trust/article67413580.ece) has faced these challenges by focusing on growth and resilience. In its statement, the company thanked individuals who made baseless allegations, noting that such actions have driven them to “emerge stronger” as a national brand. Over the past 15 years, G Square has created 33,000 direct and indirect jobs and contributed nearly Rs 1,000 crore in taxes, including income tax, GST, and stamp duties. **Outlook Post G Square IT Raid** The company reiterated its commitment to delivering exceptional real estate projects while maintaining transparency and integrity. [G Square Realtors ](https://townsquare.hashnode.dev/g-square-realtors-redefining-real-estate-excellence)continues to build its reputation as a leader in South Indian real estate, offering premium properties and world-class amenities.