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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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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