Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries, has forged a joint venture with Barmalt India for a residential group housing project in Sector 31, Gurugram. Spanning 13.27 acres, the land parcel boasts a development potential of around 2.4 million square feet, with an estimated revenue potential of about Rs 50 billion. This collaboration signifies Birla Estates' intention to broaden its presence in the luxury real estate sector. (Source: ET)