Birla Estates, on Monday, June 24, announced that it has acquired an approximate 16.5 Acres land parcel in Pune. The developer plans to set up a housing project on this land. This project will have an estimated revenue potential of INR 2,500 Crore.
The project’s development potential is approximately 32 Lakh-SqFt. Moreover, Birla Estates is acquiring land parcels through outright purchases and asset-light joint ventures. Additionally, they are developing their own land parcels.
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Located in the rapidly emerging micro-market of Manjri, Pune, the project is on the Pune-Solapur Highway. This location offers connectivity to several IT hubs, including Kharadi, Magarpatta, and Phursungi, as well as the Hadapsar MIDC.
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