Birla Estates Expands Footprint in Pune with 16.5-Acre Land Acquisition
Birla Estates, a leading real estate developer, acquires a 16.5-acre land parcel in Pune, Maharashtra, with a development potential of 32 lakh sq. ft. and estimated revenue potential of Rs 2,500 crore.
Birla EstatesReal EstatePuneMaharashtraLand AcquisitionReal Estate PuneJun 25, 2024
The project's strategic location on the Pune-Solapur Highway offers seamless connectivity to prominent IT hubs, including Kharadi, Magarpatta, and Hadapsar MIDC. This corridor is transforming rapidly, and the project is expected to elevate living standards in Manjri by offering homes that blend contemporary architecture with carefully chosen amenities.
Furthermore, the project provides easy access to educational institutions, healthcare facilities, and shopping centers in the vicinity, making it an attractive investment opportunity. The area's excellent connectivity to the Pune Ring Road is also expected to drive growth in the region.
Information
Birla Estates, the real estate venture of the Aditya Birla Group, develops land parcels through outright purchases, asset-light joint ventures, and its own land holdings. The company focuses on creating world-class residential, commercial, and mixed-use properties, differentiating through sustainability, execution excellence, and meticulous design.
Birla Estates is a leading real estate developer in India, with a strong presence in Pune and Mumbai. The company has a well-established commercial portfolio, with two grade-A commercial buildings located in Worli, Mumbai, offering around six lakh sq. ft. of leasable area.
Frequently Asked Questions
What is the size of the land parcel acquired by Birla Estates in Pune?
The land parcel spans 16.5 acres.
What is the development potential of the project?
The project has a development potential of approximately 32 lakh sq. ft.
What is the estimated revenue potential of the project?
The estimated revenue potential of the project is Rs 2,500 crore.
What is the location of the project?
The project is located on the Pune-Solapur Highway in Manjri, Pune, Maharashtra.
What kind of properties will Birla Estates develop in the project?
The project will feature residential units in various configurations.
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