Birla Estates Expands Presence in NCR with 5-Acre Land Acquisition in Gurugram
Real estate firm Birla Estates acquires 5-acre land in Gurugram to develop a housing project with an estimated revenue potential of over Rs 1,400 crore.
Birla EstatesGurugramReal EstateHousing ProjectAditya Birla GroupReal EstateJul 15, 2024
The 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over INR 1400+ crore with aesthetically designed residences. According to K T Jithendran, MD & CEO at Birla Estates, 'Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region.
Birla Estates is committed to creating high-quality residential projects that cater to the evolving needs of homebuyers. With this acquisition, the company aims to strengthen its presence in the NCR market and provide customers with a unique living experience.
Birla Estates is a leading real estate company that has been providing innovative and sustainable housing solutions to customers. As a part of the Aditya Birla Group, the company has a strong legacy of trust and excellence in the industry.
Century Textiles and Industries Limited is a leading Indian business conglomerate with a presence in various industries, including textiles, cement, and real estate. Aditya Birla Group is a multinational conglomerate with a presence in 35 countries across the globe.
Frequently Asked Questions
What is the size of the land acquired by Birla Estates in Gurugram?
5 acres
What is the estimated revenue potential of the housing project?
Over Rs 1,400 crore
What is the development potential of the 5-acre parcel?
Around 10 lakh square feet
What is the focus of Birla Estates in the Delhi-NCR region?
To strengthen its presence and provide customers with a unique living experience
Who is the MD & CEO of Birla Estates?
K T Jithendran
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr