Birla Estates and LGCPL Group to Develop Luxury Project in Noida
Birla Estates has partnered with LGCPL Group to develop a 131-acre land parcel in Sector 150, Noida. This project will feature a 50-acre golf course and top-tier sports facilities.
Birla EstatesLgcpl GroupLuxury ProjectNoidaReal EstateReal Estate MaharashtraSep 09, 2024
This new project, which needs approval from authorities, will be part of the Integrated Sports City and will include a 50-acre golf course and top-class sports facilities.
The location of the Noida project, near the Noida-Greater Noida Expressway and Yamuna Expressway, offers excellent connectivity to Delhi, Noida, and Greater Noida. Birla Estates' latest project will be in Noida, joining other recent developments on Mathura Road in Delhi and in Sectors 31 and 71, Gurugram.
They also recently bought a five-acre plot in Sector 71, Gurugram, which can be developed into around one million square feet of space and is expected to generate more than INR 1,400 crore in revenue.
Additionally, Ekamaya Properties, a subsidiary of Birla Estates, purchased land in Kalwa, Maharashtra, for INR 595 crore from Hindalco. This deal is part of Birla Estates' larger plan to strengthen its presence in India's real estate market.
In conclusion, Birla Estates, a prominent arm of the Aditya Birla Group, is significantly expanding its footprint in North India with a major new luxury development in Noida. Partnering with LGCPL Group, the project will feature a sprawling 131-acre site, including a 50-acre golf course and world-class sports facilities, once approved.
This venture, strategically located near major expressways, complements Birla Estates' ongoing projects in Delhi and Gurugram. Their recent acquisition of land in Maharashtra further underscores their commitment to strengthening their presence in the Indian real estate market.
Through these strategic investments, Birla Estates aims to enhance its portfolio and drive substantial revenue growth.
Information
Birla Estates is a subsidiary of Century Textiles and Industries Ltd and part of the Aditya Birla Group. The company is expanding its presence in North India with a new luxury project in Noida.
About Birla Estates Birla Estates is a subsidiary of Century Textiles and Industries Ltd and part of the Aditya Birla Group. The company is a leading player in the Indian real estate market, with a focus on developing luxury projects in prime locations.
Keywords Birla Estates, LGCPL Group, Luxury Project, Noida, Real Estate, Aditya Birla Group
FAQs
Q What is the size of the land parcel being developed by Birla Estates and LGCPL Group in Noida?
A The land parcel is 131 acres in size.
Q What amenities will the project feature?
A The project will feature a 50-acre golf course and top-class sports facilities.
Q Where is the project located?
A The project is located in Sector 150, Noida, near the Noida-Greater Noida Expressway and Yamuna Expressway.
Q What is the expected revenue from the project?
A The project is expected to generate more than INR 1,400 crore in revenue.
Q What is Birla Estates' larger plan for the Indian real estate market?
A Birla Estates plans to strengthen its presence in India's real estate market through strategic investments and developments.
Frequently Asked Questions
What is the size of the land parcel being developed by Birla Estates and LGCPL Group in Noida?
The land parcel is 131 acres in size.
What amenities will the project feature?
The project will feature a 50-acre golf course and top-class sports facilities.
Where is the project located?
The project is located in Sector 150, Noida, near the Noida-Greater Noida Expressway and Yamuna Expressway.
What is the expected revenue from the project?
The project is expected to generate more than INR 1,400 crore in revenue.
What is Birla Estates' larger plan for the Indian real estate market?
Birla Estates plans to strengthen its presence in India's real estate market through strategic investments and developments.
Related News Articles
Chennai Real Estate Market Witnesses Mixed Performance in Q1 2024
Chennai's real estate market saw a 28% increase in new project registrations in Q1 2024, but sales dropped by 44%. South Chennai led the way in new project launches.
M3M Sees 37% Surge in Q1 Sales as Housing Demand Picks Up
Real estate company M3M India reports a 37% increase in sales of residential and commercial properties in Q1, driven by strong demand for housing.
Greece's Golden Visa Program Sees Major Adjustment: Investment Threshold Doubles to €800,000
Greece's Golden Visa program has undergone a significant change, increasing the investment threshold to €800,000 in a bid to curb excessive pressure on the real estate market in popular regions.
Amitabh and Abhishek Bachchan Invest ₹25 Crore in Mumbai’s Mulund West Real Estate
Bollywood icons Amitabh Bachchan and his son Abhishek Bachchan have made a significant real estate investment, purchasing properties worth ₹24.95 crore in Mumbai’s Mulund West.
How REITs and Fractional Ownership are Reshaping the Real Estate Market
With minimum investment thresholds ranging from Rs 10-25 lakh, retail investors now have the opportunity to participate in the real estate market with limited capital.
J&K Government Establishes JK RERA Authority: A New Milestone in Real Estate Regulation
The Jammu and Kashmir (J&K) government has constituted the J&K Real Estate Regulatory Authority (JKRERA), effective from December 16, 2024, to enhance transparency and accountability in the real estate sector.