Birla Estates Expands Presence in Gurugram with 5-Acre Land Acquisition
Birla Estates, a subsidiary of Century Textiles and Industries, has acquired a 5-acre land in Sector 71, Gurugram, with a development potential of 10 lakh sq ft and expected revenue of over Rs 1,400 crore.
Birla EstatesGurugramCentury Textiles And IndustriesReal EstateLand AcquisitionReal Estate MaharashtraJul 16, 2024
The land acquisition is a strategic move by Birla Estates to strengthen its foothold in the National Capital Region (NCR). The company has been actively involved in developing residential and commercial projects in the region, and this latest acquisition is expected to further boost its growth prospects.
In a separate regulatory filing, Hindalco informed that the board of directors have approved a proposal for the sale of land situated at Kalwa, Maharashtra to Birla Estates' wholly-owned subsidiary Ekamaya Properties for Rs 595 crore.
Birla Estates is a renowned real estate company that has been instrumental in developing several iconic projects across India. The company's focus on quality, sustainability, and customer satisfaction has earned it a reputation as one of the most trusted names in the industry.
Century Textiles and Industries, the parent company of Birla Estates, is a leading industrial conglomerate with a diverse portfolio of businesses including textiles, cement, and real estate. The company's commitment to excellence and customer satisfaction has made it a household name in India.
Information
Birla Estates is a wholly-owned subsidiary of Century Textiles and Industries, a leading industrial conglomerate with a diverse portfolio of businesses including textiles, cement, and real estate.
Century Textiles and Industries is a leading industrial conglomerate with a diverse portfolio of businesses including textiles, cement, and real estate. The company's commitment to excellence and customer satisfaction has made it a household name in India.
Frequently Asked Questions
What is the size of the land acquired by Birla Estates in Gurugram?
The size of the land acquired by Birla Estates in Gurugram is 5 acres.
What is the development potential of the acquired land?
The acquired land has a development potential of around 10 lakh sq ft.
What is the expected revenue from the acquired land?
The acquired land is expected to generate revenue of over Rs 1,400 crore.
Who is the parent company of Birla Estates?
The parent company of Birla Estates is Century Textiles and Industries.
What is the business portfolio of Century Textiles and Industries?
The business portfolio of Century Textiles and Industries includes textiles, cement, and real estate.
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