Birla Estates Snaps Up Prime Land in Mumbai for Mega Development Project
Birla Estates, the real estate arm of the Aditya Birla Group, has acquired a massive 24.5-acre land in Mumbai for a whopping Rs 537.42 crore.
Birla EstatesAditya Birla GroupMumbaiReal EstateHindalco Industries LimitedReal Estate MaharashtraSep 12, 2024
Situated at Kalwa on the Thane-Belapur Road, the plot 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.
This acquisition from Hindalco Industries Limited will see Birla Estates Private Limited developing a mixed-use project on the land. The company, which is also a subsidiary of Century Textiles and Industries Limited, had earlier announced the purchase this month.
Information Birla Estates is a part of the Aditya Birla Group, a multinational conglomerate with a presence in various sectors such as cement, chemicals, and textiles. Birla Estates is focused on developing residential and commercial projects in major cities across India.
Aditya Birla Group is a US$ 48.3 billion multinational conglomerate with a presence in 36 countries. The group has a diverse portfolio of businesses, including cement, chemicals, textiles, and real estate.
Hindalco Industries Limited is a leading aluminium and copper manufacturing company in India. The company is a subsidiary of the Aditya Birla Group and has a presence in 10 countries.
Frequently Asked Questions
Who acquired the 24.5-acre land in Mumbai?
Birla Estates, the real estate arm of the Aditya Birla Group.
What is the location of the acquired land?
Kalwa on the Thane-Belapur Road in the Mumbai Metropolitan Region (MMR)
What is the cost of the acquisition?
Rs 537.42 crore
Who facilitated the deal?
Real estate consultant Square Yards
What type of project will be developed on the land?
A mixed-use project
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