Birla Estates Expands its Footprint in Mumbai with a Massive Land Acquisition
Birla Estates, a renowned real estate company, has acquired a 24.5-acre land parcel in Mumbai Metropolitan Region (MMR) for a whopping Rs 537.42 crore.
Birla EstatesReal EstateMumbaiLand AcquisitionAditya Birla GroupReal Estate NewsSep 12, 2024
The land parcel, located at Kalwa, along the Thane-Belapur Road, was acquired by Ekamaya Property Pvt Ltd, a wholly-owned subsidiary of Birla Estates Private Limited. According to the registration documents, the land parcel spans 99,021.47 square meters.
The transaction, which was finalized in September 2024, involved the purchase from Hindalco Industries Limited. The deal included a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000.
This land acquisition is a strategic move by Birla Estates to expand its footprint in the Mumbai real estate market. The company plans to develop a mixed-use project on this plot, which will likely include residential, commercial, and retail spaces.
Birla Estates is a well-known player in the Indian real estate market, with a focus on developing high-quality residential and commercial projects. The company is a subsidiary of Century Textiles and Industries Limited, which is a part of the Aditya Birla Group.
Information
Aditya Birla Group is a multinational conglomerate with a diverse portfolio of businesses, including cement, chemicals, textiles, and real estate. The group has a strong presence in India and globally, with a reputation for quality and innovation.
Birla Estates is a real estate company that is part of the Aditya Birla Group. The company is focused on developing high-quality residential and commercial projects, with a strong emphasis on design, quality, and customer satisfaction.
Frequently Asked Questions
Who is the parent company of Birla Estates?
Birla Estates is a subsidiary of Century Textiles and Industries Limited, which is a part of the Aditya Birla Group.
What is the location of the land parcel acquired by Birla Estates?
The land parcel is located at Kalwa, along the Thane-Belapur Road in Mumbai Metropolitan Region (MMR).
What is the size of the land parcel acquired by Birla Estates?
The land parcel spans 99,021.47 square meters, which is equivalent to 24.5 acres.
What is the plan for the land parcel acquired by Birla Estates?
The company plans to develop a mixed-use project on this plot, which will likely include residential, commercial, and retail spaces.
What is the value of the land acquisition deal?
The land acquisition deal is valued at Rs 537.42 crore, with a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000.
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