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

14 Mar 2022 CW Team

Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries Limited (CTIL), had witnessed bookings for apartments worth Rs 1,000 crore at its newly launched 14 acres integrated development at Worli, Central Mumbai.

CTIL told the media that the company had sold about 150 apartments to data in the first phase of the proposed development phase.

Birla Estates is now planning to develop a 3.6 million sq ft integrated project as part of the proposed real estate development of its total 30 acres land parcel in phases, in Mumbai.

From the total proposed realty development on 14 acres of land, 2.5 million sq ft will be residential, one million sq ft will be office spaces, and around 1 lakh sq ft will be a retail development project. The overall project, including the residential component, will be developed by December 2030.

Birla Estates has five residential developments spread across Mumbai Metropolitan Region (MMR), Bengaluru, and the National Capital Region (NCR). The company plans to launch new projects in each of these target markets.

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Also read: Birla Estates announces launch of flagship project in Mumbai

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