Birla Estates Acquires 24.5-Acre Land in Mumbai for ₹537.42 Crore
Birla Estates, the real estate arm of the Aditya Birla Group, has purchased a 24.5-acre land parcel in Mumbai for ₹537.42 crore. The plot, located in Kalwa, will be developed into a mixed-use project.
Birla EstatesAditya Birla GroupReal EstateMumbaiLand AcquisitionReal EstateSep 13, 2024
The plot is located at Kalwa, along the Thane-Belapur Road. The registration document, reviewed by Square Yards, indicates that Ekamaya Property Pvt Ltd, a wholly-owned subsidiary of Birla Estates Private Limited, acquired the 99,021.47 square meter (~24.5 acres) land parcel.
The transaction, finalized in September 2024, involved the purchase from Hindalco Industries Limited. The deal included a stamp duty of ₹37.61 crore and a registration fee of ₹30,000.
Earlier this month, Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, had informed that it has acquired land from Hindalco Industries Limited. The company would develop a mixed use project on this plot.
Information
Birla Estates is the real estate arm of the Aditya Birla Group, a multinational conglomerate with a presence in various sectors such as cement, textiles, and chemicals. The company has been expanding its presence in the real estate sector in recent years.
Birla Estates is a part of the Aditya Birla Group, a multinational conglomerate with a presence in various sectors such as cement, textiles, and chemicals. The company has been expanding its presence in the real estate sector in recent years.
Frequently Asked Questions
Who is the parent company of Birla Estates?
Birla Estates is a part of the Aditya Birla Group.
Where is the 24.5-acre land parcel located?
The plot is located at Kalwa, along the Thane-Belapur Road in Mumbai.
What is the value of the land acquisition deal?
The deal is worth ₹537.42 crore.
Who was the seller of the land parcel?
Hindalco Industries Limited.
What type of project will be developed on the acquired land?
A mixed-use project.
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