16.5 acres of land in Pune were acquired by Birla Estates
Real Estate

16.5 acres of land in Pune were acquired by Birla Estates

In Manjri, Pune, Birla Estates, a wholly owned subsidiary of Century Textiles and Industries, has purchased a 16.5-acre plot of land. The land parcel has an estimated income potential of Rs 20 billion and a development potential of over 32 lakh sq ft. "Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans," stated K. T. Jithendran, MD & CEO of the business. Ekamaya Properties, a wholly-owned subsidiary of the corporation, was recently incorporated. Following its incorporation, Century Textiles and Industries now has a step-down wholly-owned subsidiary in Ekamaya Properties.

In Manjri, Pune, Birla Estates, a wholly owned subsidiary of Century Textiles and Industries, has purchased a 16.5-acre plot of land. The land parcel has an estimated income potential of Rs 20 billion and a development potential of over 32 lakh sq ft. Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans, stated K. T. Jithendran, MD & CEO of the business. Ekamaya Properties, a wholly-owned subsidiary of the corporation, was recently incorporated. Following its incorporation, Century Textiles and Industries now has a step-down wholly-owned subsidiary in Ekamaya Properties.

Next Story
Infrastructure Transport

MMRDA Seeks Rs 5.50 Bn Property Tax Waiver on Metro Yards and RMC Plants

The Mumbai Metropolitan Region Development Authority (MMRDA) has requested the State Urban Development Department to direct the Brihanmumbai Municipal Corporation (BMC) to waive Rs 5.50 billion in property tax levied on temporary casting yards and Ready Mix Concrete (RMC) plants set up by Metro contractors. This request follows a letter sent by the BMC in December 2024, demanding recovery of the pending dues.J Kumar Infraprojects was allotted seven plots by MMRDA across various BMC wards—H/East (Santacruz), H/West (Bandra), K/East (Andheri), P/North (Malad), and M/West (Chembur)—to establi..

Next Story
Infrastructure Transport

Bridging the Gap

India’s bridge infrastructure market is poised for significant growth, projected to rise from $ 42.16 billion in FY2024 to $ 68.26 billion by FY2032, registering a compound annual growth rate (CAGR) of 6.21 per cent, according to Markets & Data. This upward trajectory is bolstered by an 11.1 per cent increase in capital infrastructure spending this year, taking the total allocation to Rs 11.11 lakh crore (~$ 133 billion).“Policy reforms and institutional frameworks have emerged as key accelerators in India’s bridge construction landscape, streamlining execution, enhancing resilience ..

Next Story
Infrastructure Energy

We are among the global top 3 in tech adopti

As energy gains global importance, L&T has built a strong presence across hydrocarbons, power, renewables and green technologies. With energy contributing significantly to its revenues, the company is now focused on sustainability and future readiness. In conversation with PRATAP PADODE, Editor-in-Chief, CW, Subramanian Sarma, Deputy Managing Director & President, L&T outlines the company’s strategy for transition, talent and technology.With energy becoming increasingly vital and a key contributor to L&T’s revenues, how do you see the segment evolving?We’ve been..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?