Birla Estates inks pact to develop 52 acres land parcel in Bengaluru

28 Mar 2022 CW Team

The Century Textiles and Industries Ltd (CTIL) real estate arm, Birla Estates, entered into an agreement with M S Ramaiah Realty LLP to jointly develop a prime land parcel of 52 acres in North Bengaluru.

The revenue and development potential of this new project is Rs 3,000 crore and 4 million sq ft respectively. It will have high as well as low-rise residential developments. It will also have both retail and commercial elements. The project is an integrated mini township project.

Birla Estates CEO KT Jithendran said that for Birla Estates, Bengaluru is a focus market and they are happy to announce their third project in a short span of time.

As of now, the Birla Estates are already having two projects in Bengaluru- Birla Alokya and Birla Tisya located in Whitefield and Rajajinagar.

Birla Estates plans to utilise a capital efficient asset light model for sourcing joint ventures (JV) in Pune, National Capital Region (NCR), Bengaluru, Bengaluru, and Mumbai Metropolitan Region (MMR).

Image Source

Also read: Birla Estates clocks Rs 1k cr apartment bookings in Mumbai project

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..