Birla Estates Acquires 28.6 Acre Land Parcel In Bengaluru; Plans Massive Housing Project!

by Shreya Rathod
Birla Estates Acquires 28.6 Acre Land Parcel In Bengaluru; Plans Massive Housing Project!

India’s real estate market is booming and land prices are on a continuous rise! In line with this, Birla Estates, a reputed and high-end construction company, is planning a massive project. According to the reports, they have acquired land in Bengaluru and are planning a housing project. Read further to know what Bengaluru holds for the company.

Birla Estates Plan Housing Project In Bengaluru

bengaluru project
Credits: Birla Builders/ Website

The company announced on Monday that they had purchased a 28.6-acre plot of land in Bengaluru for the housing development. They further stated that the estimated revenue from the project is around ₹3,000 crore. Also, they will entail residential housing along with convenient retail options. The land is located in a fast-developing area of Bengaluru — Sarjapur Road. However, the details of this deal are not disclosed yet.

According to the CEO and Managing Director of Birla Estates, KT Jithendran, their Grade-A residential complex will be a haven for urban professionals in the area. He also added that they think the area has enormous potential to become the next IT hub.

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As for residential housing in Bengaluru, the company is aiming to create luxury residential apartments with modern amenities and outdoor views through open terraces. The project will be designed for all age groups. In addition to this, there will be walkways, gardens and parks too!

Other Purchases By The Group

birla estates
Credits: Canva

Birla Estates recently purchased a 5.76-acre plot of land in Pune for the development of a residential complex that is expected to cost 2,500 crores, in keeping with its growth strategy. The business also bought a prime piece of land in South Mumbai to develop a luxury apartment project that will bring in an estimated 600 crore in revenue.

Birla Group Pvt Ltd is a subsidiary of Century Textiles and Industries Limited. In addition to constructing its own properties, the company also acquires property for development through direct purchases and joint ventures with modest asset investments. Besides Bengaluru, they have projects running in cities like Mumbai, Pune, Gurugram, Noida, Hyderabad and Delhi.

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Though the details are not known yet, Bengaluru folks are eagerly waiting for the new development.

Cover Image Courtesy: Canva