Birla Estates Acquires 24.5 Acres in Thane’s Kalwa for ?537 Crore
Real Estate

Birla Estates Acquires 24.5 Acres in Thane’s Kalwa for ?537 Crore

Birla Estates, a subsidiary of the Aditya Birla Group, has finalized the acquisition of a 24.5-acre land parcel in Thane's Kalwa locality from Hindalco Industries for ?5.37 billion. The land sale was approved by Hindalco's board in July and has now been registered, with ?376.2 million paid in stamp duty.

This follows another significant acquisition by the Aditya Birla Group earlier this week, where Century Textiles secured a 10-acre land parcel in Mumbai's Worli locality for ?1,100 crore from Wadia Group Chairman Nusli Wadia.

Birla Estates, a subsidiary of the Aditya Birla Group, has finalized the acquisition of a 24.5-acre land parcel in Thane's Kalwa locality from Hindalco Industries for ?5.37 billion. The land sale was approved by Hindalco's board in July and has now been registered, with ?376.2 million paid in stamp duty. This follows another significant acquisition by the Aditya Birla Group earlier this week, where Century Textiles secured a 10-acre land parcel in Mumbai's Worli locality for ?1,100 crore from Wadia Group Chairman Nusli Wadia.

Next Story
Real Estate

Bengaluru civic body rejects 2,000 building plan applications

Nearly 2,000 applications for building plan approvals have been denied following a recent Bruhat Bengaluru Mahanagara Palike (BBMP) directive stating that approvals will only be granted if local planning authorities have sanctioned the development plan for individual plots.BBMP officials reported receiving around 1,000 building plan applications monthly. Nearly 2,000 applications that had been pending since last month were all rejected, with applicants instructed to secure the necessary approvals.In response, a group of registered engineers has urged the BBMP to reconsider the order in the pub..

Next Story
Infrastructure Transport

Rail expansion and safety on parliamentary panel agenda

The parliamentary panel on railways has identified several key topics for discussion, including ""ensuring safety in Indian Rail operations,"" expanding the railway network in the North East and Union Territories, and developing a high-speed train network.Led by BJP MP C M Ramesh, the 31-member committee will also address issues such as improving public facilities at railway stations, boosting freight earnings, developing dedicated freight corridors, enhancing the passenger reservation system, and promoting railway-based tourism, according to an official bulletin.Safety has been a critical con..

Next Story
Resources

Ashwin Sheth Group's Rs 120 million giveaway with Kismat Ki Chaabi

Ushering in the festive season with grandeur, the Ashwin Sheth Group (ASG), a leader in luxury real estate, is launching its most exciting campaign yet— ‘Kismat ki Chaabi’, designed to celebrate the festive fervour of Durga Puja, Navratri and Diwali (it will run until Diwali). In this unique initiative, ASG will distribute 10,000 keys, from which four lucky keys will unlock four 2 BHK flats and others will unlock extraordinary prizes, including MG Windsor EVs, Bose Home Theatre Systems, return tickets to Amsterdam, and iPhone 16 units. With assured rewards exceeding Rs 120 million, ‘Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000