Birla Estates to Develop Luxury Housing Project in Pune with INR 2500 Crore Potential
Birla Estates acquires 16.5 acres of land in Pune to develop a luxury housing project with an estimated revenue potential of INR 2500 Crore.
Pune Housing ProjectAffordable LuxuryRealty DeveloperIndian Real Estate NewsBirla EstatesReal EstateJun 25, 2024
The project is strategically located in the rapidly emerging micro-market of Manjri, Pune, which is known for its connectivity to several IT hubs, including Kharadi, Magarpatta, and Phursungi, as well as the Hadapsar MIDC. This location offers residents easy access to employment opportunities, making it an attractive option for homebuyers.
Birla Estates is expanding its presence in the Indian real estate market through outright purchases and asset-light joint ventures. The company is also developing its own land parcels to cater to the growing demand for affordable luxury housing. With this new project, Birla Estates aims to provide high-quality living spaces that meet the evolving needs of Indian homebuyers.
Information
Birla Estates is a leading realty developer that focuses on creating sustainable and eco-friendly living spaces. The company has a strong presence in the Indian real estate market, with several ongoing and upcoming projects across major cities.
Birla Estates is a part of the Birla Group, a diversified conglomerate with interests in cement, jute, and financial services. The company's real estate arm is committed to providing innovative and sustainable living solutions that meet the needs of modern India.
Frequently Asked Questions
What is the estimated revenue potential of the Birla Estates project in Pune?
The estimated revenue potential of the project is INR 2500 Crore.
Where is the Birla Estates project located in Pune?
The project is located in the rapidly emerging micro-market of Manjri, Pune, on the Pune-Solapur Highway.
What is the development potential of the project?
The project's development potential spans approximately 32 Lakh-SqFt.
What type of housing project is Birla Estates developing in Pune?
The company is developing an affordable luxury housing project in Pune.
How can I get exclusive access to upcoming projects in India?
You can get exclusive access to upcoming projects in India by visiting www.biltrax.com or emailing [email protected] to become a subscriber.
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