Birla Estates Expands Its Footprint in Gurugram with a 5-Acre Land Acquisition
Birla Estates, the real estate arm of the Aditya Birla Group, acquires a prime 5-acre land parcel in Gurugram with a revenue potential of ₹1,400 crore.
Real EstateNcr MarketLand AcquisitionBirla EstatesAditya Birla GroupReal Estate NewsJul 15, 2024
The newly-acquired land is strategically located on the Southern Peripheral Road (SPR) in Sector 71, boasting good connectivity to Delhi and other parts of Gurugram via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road. The development will feature luxury high-rise residential towers, complemented by elegantly designed clubhouse amenities and landscaped surroundings.
Frequently Asked Questions
Where is the 5-acre land parcel located?
The land parcel is located in Sector 71, Gurugram, on the Southern Peripheral Road (SPR).
What is the development potential of the acquired land?
The acquired land offers a development potential of approximately one million square feet.
What is the revenue potential of the project?
The project is projected to generate revenue exceeding ₹1,400 crore.
What type of development will be featured on the acquired land?
The development will feature luxury high-rise residential towers, complemented by elegantly designed clubhouse amenities and landscaped surroundings.
What is the current market value of Century Textiles and Industries Ltd shares?
As of the last trading session, the shares of Century Textiles and Industries Ltd ended at ₹2,108.80, down by ₹32.45, or 1.52%, on the BSE.
Related News Articles
Bajaj Housing Finance IPO: Simplify Your Investment with One Click
BHFL is a subsidiary of Bajaj Finance Limited, and in the housing finance market, it is one of the most prominent players, owing to which there has been a massive anticipation towards its IPO.
Nelamangala: A Rising Star in Real Estate - Why Investors Should Act Now
Nelamangala, a bustling town on the outskirts of Bengaluru, is rapidly gaining prominence in the real estate market. With its strategic location and burgeoning infrastructure, it presents a golden opportunity for investors looking to capitalize on the gro
Real Estate in 2025: A Year of Transformation and Growth
Industry leaders and analysts share their insights on the residential market trends and outlook for 2025.
Maharashtra Real Estate Body Directs Self-Regulatory Organisations to Replace Builders
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a directive to self-regulatory organisations (SROs) to take over the management of certain projects from builders who have failed to comply with regulations. This move aims to ensure t
Cement Prices Drop 7% in April-January FY25: Industry Report
Cement prices experienced a significant decline of 7% during the April-January period of FY25, according to a recent industry report. This decrease is attributed to increased production from recently acquired capacities and improved operational efficiency
Mumbai's Iconic Laxmi Nivas Bungalow Finds New Owner for a Whopping Rs 276 Crore
Mumbai's prestigious Malabar Hill area has seen a significant real estate transaction with the sale of the iconic Laxmi Nivas bungalow for a staggering Rs 276 crore. The property, known for its opulence and historical significance, has found a new owner,