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Today Date : Friday, July 19, 2024

Birla Estates forays into the real estate in Pune

Birla Estates forays into the real estate in Pune

Birla Estates Private Limited, the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries Limited, has entered the Pune residential real estate market by acquiring 5.76 acres of land in Sangamwadi, a central business district in Pune. 

Premium residential project

The land was purchased from Sudarshan Chemical Industries Ltd (SCIL). This land parcel is located in one of the most premium locations in Pune with an estimated revenue potential of approx. Rs. 2,500 Cr.The company plans to develop a premium residential project in line with its intent to create thoughtful Life Designed spaces with curated amenities setting new benchmarks for contemporary living. 

Mr K T Jithendran, MD and CEO, Birla Estates said, “With this foray into Pune, Birla Estates is embarking on an exciting new phase after establishing itself in the MMR (Mumbai Metropolitan Region), Bengaluru and NCR (National Capital Region) markets.'' Birla Estates has many projects include the flagship project Birla Niyaara in Worli, one of Mumbai’s most premium locations.