Birla Estates will launch premium Worli project by October
Real Estate

Birla Estates will launch premium Worli project by October

Birla Estates, the realty division of AV Birla Group's Century Textiles, will launch a super-premium project at Worli in the megapolis, which will have a revenue potential of Rs 10,000 crore.

J C Laddha, Century Textiles Managing Director, told the media that Birla Estates has ongoing three projects under construction at Kalyan, Gurugram, and Bangalore. From which it has already sold units worth Rs 1,000 crore. Laddha said they expect to secure all permissions from the BMC and RERA, the regulator for the Worli project by July-August, and wish to launch it officially by October.

They have already invested about Rs 475 crore into the project as regulatory and other costs.

While sitting on a large land bank in Delhi, Mumbai, and Pune already, the group is betting high on the realty area and has drawn Rs 1,000 crore in capital expenditure this fiscal. It aims to be among the top five developers within the coming three-five years, including Rs 7,000 crore annual sales.

The project around the Kamla Mills Compound in central Mumbai will come upon a 20-acre plot and will have three towers of 65 stories each. However, the total number of floors depends on the FSI approval by the BMC.

The textile director said that moving forward, where they don't own the land banks, the centre will be on joint development wherein the partner brings in the land, and the project development, planning, construction, etc, will be done by Birla Estates.

The group has about 50 acres of land bank spread over Mumbai, Kalyan, Pune, Thane, and a small area in Delhi.

Laddha further said that the Kalyan project that is going on is on a 13-acre plot with a saleable area of 1.3 million sqft in the first phase and has a revenue potential of over Rs 1,150 crore.

The Gurugram project is much larger, with a revenue potential of above Rs 4,500 crore when three phases will be completed across 65 acres. The project is being constructed jointly with the Anant Raj Group.

The current Birla Alokya project in the Whitefield area is constructed on an 8-acre plot with a salable area of 0.55 million sqft and can produce Rs 400 crore in revenue.

Image Source


Also read: Birla Group lines up Rs 1,000 cr capex for housing projects in FY22

Also read: Parinee Realty raises over Rs 325 cr for commercial project in Worli

Birla Estates, the realty division of AV Birla Group's Century Textiles, will launch a super-premium project at Worli in the megapolis, which will have a revenue potential of Rs 10,000 crore. J C Laddha, Century Textiles Managing Director, told the media that Birla Estates has ongoing three projects under construction at Kalyan, Gurugram, and Bangalore. From which it has already sold units worth Rs 1,000 crore. Laddha said they expect to secure all permissions from the BMC and RERA, the regulator for the Worli project by July-August, and wish to launch it officially by October. They have already invested about Rs 475 crore into the project as regulatory and other costs. While sitting on a large land bank in Delhi, Mumbai, and Pune already, the group is betting high on the realty area and has drawn Rs 1,000 crore in capital expenditure this fiscal. It aims to be among the top five developers within the coming three-five years, including Rs 7,000 crore annual sales. The project around the Kamla Mills Compound in central Mumbai will come upon a 20-acre plot and will have three towers of 65 stories each. However, the total number of floors depends on the FSI approval by the BMC. The textile director said that moving forward, where they don't own the land banks, the centre will be on joint development wherein the partner brings in the land, and the project development, planning, construction, etc, will be done by Birla Estates. The group has about 50 acres of land bank spread over Mumbai, Kalyan, Pune, Thane, and a small area in Delhi. Laddha further said that the Kalyan project that is going on is on a 13-acre plot with a saleable area of 1.3 million sqft in the first phase and has a revenue potential of over Rs 1,150 crore. The Gurugram project is much larger, with a revenue potential of above Rs 4,500 crore when three phases will be completed across 65 acres. The project is being constructed jointly with the Anant Raj Group. The current Birla Alokya project in the Whitefield area is constructed on an 8-acre plot with a salable area of 0.55 million sqft and can produce Rs 400 crore in revenue. Image SourceAlso read: Birla Group lines up Rs 1,000 cr capex for housing projects in FY22 Also read: Parinee Realty raises over Rs 325 cr for commercial project in Worli

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?