Birla Estates Expands Presence in Mumbai with Acquisition of Prime Land
Birla Estates, the real estate arm of the Aditya Birla Group, has acquired 24.5 acres of prime land in the Mumbai Metropolitan Region for a sum of Rs 537.42 crore.
Birla EstatesMumbaiAditya Birla GroupReal EstateMixeduse ProjectReal Estate MumbaiSep 12, 2024
The plot, situated at Kalwa on the Thane-Belapur Road, was purchased by Ekamaya Property Pvt Ltd, a subsidiary of Birla Estates Private Limited. The transaction, concluded in September 2024, included a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000.
The acquired land will be developed into a mixed-use project, further enhancing Birla Estates' presence in the Mumbai market. The company, which is also a subsidiary of Century Textiles and Industries Limited, had earlier announced the purchase this month.
Information
Birla Estates is the real estate arm of the Aditya Birla Group, a multinational conglomerate with a diverse portfolio of businesses. The company is focused on developing residential and commercial projects across India.
The Aditya Birla Group is a multinational conglomerate with a presence in over 36 countries. The group has a diverse portfolio of businesses, including cement, chemicals, textiles, and real estate.
Frequently Asked Questions
Where is the acquired land located?
The acquired land is situated at Kalwa on the Thane-Belapur Road in the Mumbai Metropolitan Region.
What is the size of the acquired land?
The acquired land is 24.5 acres in size.
What is the purpose of the acquired land?
The acquired land will be developed into a mixed-use project.
Who is the seller of the land?
The land was sold by Hindalco Industries Limited.
What is the value of the transaction?
The transaction value is Rs 537.42 crore.
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