real estate news

Birla Estates Expands Footprint in Gurgaon with 5-Acre Land Acquisition

By GeoSquare News Desk · Published 2024-07-15

Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries and the real estate venture of the Aditya Birla Group, has acquired a 5-acre land parcel in Sector 71, Gurgaon. This strategic acquisition marks the company's expansion in the NCR region, offering a development potential of around 10 lakh square foot (sqft) and expected to generate revenue of over Rs 1,400 crore.

The land parcel, situated on Southern Peripheral Road (SPR) in Sector 71, enjoys easy connectivity to Delhi and other parts of Gurgaon via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road. The location is also close to several educational institutions, hospitals, as well as F&B, retail, and commercial centers.

K.T. Jithendran, MD and CEO at Birla Estates, stated, 'Gurgaon has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region. With this acquisition, we aim to cater to homebuyers seeking exclusivity and distinctive living experiences. At Birla Estates, our commitment transcends luxury; our ethos is to embrace a vision of residences that embody a legacy of dedication and excellence.'

This acquisition adds to Birla Estates' existing projects in Golf Course Extension Road and Sector 31 in Gurgaon, as well as Mathura Road in Delhi. The company's rapid expansion in the NCR market is a testament to its commitment to providing premium residential experiences to homebuyers.

Information
Birla Estates is a real estate development company that focuses on creating premium residential projects in strategic locations. With a strong presence in the Delhi-NCR region, the company is dedicated to delivering exceptional living experiences to its customers.

Century Textiles and Industries is a reputable business conglomerate with interests in textiles, cement, and real estate. The Aditya Birla Group is a multinational conglomerate with a presence in various sectors, including cement, metals, and financial services.