Birla Estates Acquires 24.5 Acres of Land in Kalwa for ₹537 Crore
Birla Estates, the real estate arm of the Aditya Birla Group, has acquired a 24.5-acre land parcel in Kalwa, near Mumbai, for ₹537.42 crore. The land is located along the Thane-Belapur Road, close to Thane and Mumbai.
Birla EstatesAditya Birla GroupHindalco Industries LimitedKalwaMumbaiReal EstateReal EstateSep 12, 2024
The land is located in Kalwa along the Thane-Belapur Road having close proximity to Thane, Mumbai and other satellite cities in the Mumbai Metropolitan Region (MMR).
There are several developers that are active in the Thane real estate market. These include Rustomjee Group, Hiranandani, Raymond, Oberoi Realty, Lodha among others.
The transaction in Kalwa was registered on September 4. A stamp duty of ₹37.61 crore has been paid for the transaction as also a registration charge of ₹30,000, the documents showed.
Frequently Asked Questions
Who acquired the 24.5-acre land parcel in Kalwa?
Birla Estates, the real estate arm of the Aditya Birla Group, acquired the 24.5-acre land parcel in Kalwa.
How much did Birla Estates pay for the land parcel?
Birla Estates paid ₹537.42 crore for the 24.5-acre land parcel in Kalwa.
Where is the land parcel located?
The land parcel is located in Kalwa along the Thane-Belapur Road, close to Thane and Mumbai.
What is the project pipeline of Birla Estates?
Birla Estates has a project pipeline worth ₹45,000 crore in gross development value (GDV).
How many land deals were sealed in fiscal year 2023-24?
Approximately 101 separate land deals were sealed in fiscal year 2023-24, cumulatively accounting for nearly 2,989 acres across the country.
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