Birla Estates, a real estate arm of the Aditya Birla Group situated under Century Textiles and Industries, has acquired a prime land parcel measuring 28.6 acres on Sarjapur Road in Bengaluru.
The company plans to construct a residential project in this rapidly growing micro-market, which is expected to generate approximately INR 3,000 crores in revenue. The development will also include convenient retail options.
In September 2022, Birla Estates purchased a 10-acre land parcel in Raja Rajeshwari Nagar, located in South Bengaluru. This project has the potential to develop 1 Mn-SqFt, with an estimated revenue of INR 900 crores.
The company is developing these land parcels through both outright purchases and joint ventures, utilizing an asset-light approach.
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