Birla Estates and LGCPL Group Join Hands to Develop 131-Acre Project in Noida
Realty firm Birla Estates Private Ltd signs agreement to co-develop 131-acre land parcel in Sector 150 Noida with LGCPL Group
Birla EstatesLgcpl GroupNoidaReal EstateLuxury HousingReal EstateAug 30, 2024
Birla Estates is a 100% wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company has been expanding its presence in the NCR region with several new project announcements in recent times.In fact, Noida will be the latest addition to the recent project announcements by Birla Estates, including new developments on Mathura Road in Delhi and two other projects in Sector 31 and Sector 71, Gurugram.
Last month, Birla Estates Private announced the acquisition of a prime five-acre land parcel in Sector 71, Gurugram. The newly acquired land offers a development potential of approximately one million square feet and is projected to generate revenue exceeding ₹1,400 crore.The development will feature luxury high-rise residential towers complemented by clubhouse amenities and landscaped surroundings.
About Birla Estates
Birla Estates is a 100% wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company is focused on developing premium residential and commercial projects across the country.
About LGCPL Group
LGCPL Group is a leading real estate development company with a strong presence in the NCR region.
Frequently Asked Questions
What is the size of the land parcel being co-developed by Birla Estates and LGCPL Group?
The land parcel being co-developed is 131 acres in size.
Where is the proposed development located?
The proposed development is located in Sector 150 Noida, along the Noida-Greater Noida Expressway and near the Yamuna Expressway.
What are the features of the proposed development?
The proposed development will feature a 50-plus acre golf course and international standard sports facilities, luxury high-rise residential towers, clubhouse amenities, and landscaped surroundings.
What is the revenue potential of the newly acquired land parcel in Sector 71, Gurugram?
The newly acquired land parcel in Sector 71, Gurugram has a development potential of approximately one million square feet and is projected to generate revenue exceeding ₹1,400 crore.
Who is the parent company of Birla Estates?
Birla Estates is a 100% wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group.
Related News Articles
Spades Real Estate vs Top Stars: ICCA Arabian T10, 2024 Match 49 Review
Get the full scorecard and updates of the Spades Real Estate vs Top Stars match in ICCA Arabian T10, 2024.
Union Budget 2024-25: Real Estate Sector's Expectations for Growth and Stability
Industry leaders highlight the need for enhanced tax incentives, simplified project approvals, and incentives for affordable housing to drive growth and stability in the real estate sector.
Sunteck Realty Sees 30% Surge in Sales to Rs 502 Cr in Q1 FY25
Sunteck Realty, a leading real estate developer, reports a 30% increase in sales to Rs 502 crore in Q1 FY25, driven by strong housing demand in Maharashtra.
Oyo Acquires US Budget Hotel Brands from Blackstone in $525 Million Deal
Oyo acquires G6 Hospitality, including Motel 6 and Studio 6 brands, to boost its US and Canada presence.
Royalti Sets New Benchmark with 200 Crores Sales at Oberoi Garden City Launch
Mumbai (Maharashtra) [India], November 21: Royalti, a leading real estate consulting firm in the high-end and luxury market, has achieved an unprecedented 200 crores in sales at the launch of Oberoi Garden City. This landmark achievement underscores the c
Indian Real Estate Sees Rs 75,500 Crore AIF Investment: Anarock
The Indian real estate sector has attracted Rs 75,500 crore in AIF investment, according to Anarock. This significant influx of funds is expected to boost the development and growth of the real estate market.