Century Textiles Acquires 10 Acres of Land in Mumbai's Worli for Rs 11 Billion
Century Textiles and Industries (CTIL) has acquired 10 acres of land in Mumbai's Worli area for a whopping Rs 11 billion. The company plans to develop a residential project on this land.
CtilBirla EstatesWorliRealtyReal EstateReal Estate MumbaiSep 11, 2024
The acquisition is a significant move for CTIL, which has been expanding its presence in the real estate sector. The company has already developed several residential projects in Mumbai and is now looking to tap into the growing demand for luxury housing in the city.
The 10-acre land parcel is located in the heart of Worli, one of Mumbai's most upscale neighborhoods. The area is known for its stunning sea views, upscale restaurants, and shopping centers.
CTIL has not disclosed the details of the project, but sources suggest that it will be a luxury residential development with high-end amenities. The project is expected to be completed within the next 3-4 years.
The acquisition is also a testament to the growing demand for land in Mumbai. Despite the COVID-19 pandemic, the city's real estate market has remained resilient, with several developers and investors snapping up land parcels in the city.
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About Birla Estates
Birla Estates is a real estate company that is part of the Birla Group. The company has developed several residential and commercial projects in Mumbai and other parts of India.
About Century Textiles and Industries (CTIL)
CTIL is a textile company that has been in operation for over 100 years. The company has diversified into the real estate sector in recent years and has developed several residential projects in Mumbai.
Frequently Asked Questions
Where is the 10-acre land parcel located?
The land parcel is located in the heart of Worli, one of Mumbai's most upscale neighborhoods.
What is the expected completion date of the project?
The project is expected to be completed within the next 3-4 years.
Who is the developer of the project?
Century Textiles and Industries (CTIL) is the developer of the project.
What is the expected price range of the project?
The expected price range of the project has not been disclosed by CTIL.
What are the amenities that will be provided in the project?
The project will have high-end amenities, but the exact details have not been disclosed by CTIL.
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