Century Textiles to Revolutionize Mumbai's Real Estate Market with ₹12,000 Crore Projects
Century Textiles, a renowned textile and paper manufacturing company, is set to make a significant foray into the real estate market with projects worth ₹12,000 crore in Mumbai and other key regions.
Real EstateCentury TextilesAditya Birla GroupMumbaiPuneReal Estate PuneJul 19, 2024
According to reports, the company plans to launch real estate projects worth a staggering ₹12,000 crore by FY25, with a focus on residential projects. The Mumbai Metropolitan Region (MMR), Bengaluru, the National Capital Region, Delhi, and Pune are expected to be the key areas of focus for these projects.
Century Textiles' wholly-owned subsidiary, Birla Estates, which specializes in luxury housing, is also set to launch projects worth ₹15,000 crore to ₹16,000 crore. This move is expected to generate revenue of over ₹54,000 crore for the company.
The Aditya Birla Group, founded by Kumaramangalam Birla, is a multinational conglomerate with a presence in various sectors, including textiles, cement, and mining. Century Textiles, one of the group's flagship companies, has been a household name in India for over a century.
The company's decision to diversify into real estate is a strategic move to tap into the growing demand for housing in India's urban centers. With its rich legacy and strong financial backing, Century Textiles is poised to make a significant impact in the real estate market.
Information The Aditya Birla Group is a multinational conglomerate with a presence in over 36 countries. The group has a diverse portfolio of businesses, including textiles, cement, mining, and more. Century Textiles and Industries, a part of the group, has been a leading player in the textile and paper manufacturing industry for over a century.
The Aditya Birla Group is a multinational conglomerate with a presence in over 36 countries. The group has a diverse portfolio of businesses, including textiles, cement, mining, and more.
Frequently Asked Questions
What is the total value of real estate projects planned by Century Textiles?
The total value of real estate projects planned by Century Textiles is ₹12,000 crore.
When does Century Textiles plan to launch these projects?
Century Textiles plans to launch these projects by FY25.
What is the focus area for these projects?
The focus area for these projects is residential projects in key regions such as Mumbai, Bengaluru, Delhi, and Pune.
What is the expected revenue from these projects?
The expected revenue from these projects is over ₹54,000 crore.
What is the role of Birla Estates in these projects?
Birla Estates, a wholly-owned subsidiary of Century Textiles, specializes in luxury housing and is set to launch projects worth ₹15,000 crore to ₹16,000 crore.
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