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.
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