Birla Estates has acquired floor space index and transferable development rights worth ₹1.59 billion for a redevelopment project in Khar, Mumbai. The 1.3-acre joint venture project covers the redevelopment of Bharatiya Bhavan Cooperative Housing Society and Anmol Cooperative Housing Society. It will have a saleable area of about 0.29 million sq ft and an estimated revenue potential of ₹17 billion. The transaction will support additional development capacity on the land-constrained site in Mumbai’s western suburbs.

Contact: Birla Estates 

Website: www.birlaestates.com

Tel: 022 6287 4100

Email:  info.be@adityabirla.com