Birla Estates Acquires 24.5 Acres of Land in Mumbai Region for Rs 537.42 Crore
Birla Estates, a real estate project by the Aditya Birla Group, has acquired 24.5 acres of land in Mumbai Metropolitan Region for Rs 537.42 crore.
Birla EstatesAditya Birla GroupMumbai Metropolitan RegionReal EstateMixeduse DevelopmentReal Estate PuneSep 13, 2024
According to Square Yards, the company that inspected the registration document, Ekamaya Property Pvt Ltd, a fully-owned subsidiary of Birla Estates Private Limited, purchased the 99,021.47 square meter (~24.5 acres) land parcel. The deal, completed in September 2024, included the acquisition from Hindalco Industries Limited. The agreement involved a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000.
Earlier this month, Birla Estates Private Limited, a company that is fully owned by Century Textiles and Industries Limited, announced the acquisition of land from Hindalco Industries Limited. The company plans to create a mixed-use development on this site.
The acquisition of this land parcel is a strategic move by Birla Estates to expand its presence in the Mumbai Metropolitan Region. With this acquisition, the company plans to develop a mixed-use project that will cater to the growing demand for residential and commercial spaces in the region.
About Birla Estates
Birla Estates is a real estate project by the Aditya Birla Group, one of India's largest business conglomerates. The company is committed to developing high-quality residential and commercial spaces that meet the evolving needs of its customers.
About Square Yards
Square Yards is a leading real estate consulting firm that provides end-to-end solutions to its clients. The company has a strong presence in India and the Middle East and has helped numerous clients find their dream homes and offices.
Frequently Asked Questions
Who is the parent company of Birla Estates?
Birla Estates is a real estate project by the Aditya Birla Group.
Where is the acquired land parcel located?
The acquired land parcel is located in Kalwa, along the Thane-Belapur Road in Mumbai Metropolitan Region.
What is the size of the acquired land parcel?
The acquired land parcel is approximately 24.5 acres.
What is the plan for the acquired land parcel?
Birla Estates plans to create a mixed-use development on this site.
What is the value of the acquired land parcel?
The acquired land parcel was purchased for Rs 537.42 crore.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.