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.
Also Read: Upcoming Commercial Project – Migsun Nehru Place, Noida
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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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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