Birla Estates enters residential real estate sector in Pune

The Aditya Birla Group's real estate division, Birla Estates, which is headquartered under Century Textiles and Industries, stated that it has purchased 5.76 acre of property in Sangamwadi, one of Pune's key business districts, to enter the residential real estate market. The real estate company announced that Sudarshan Chemical Industries (SCIL) was the seller of the land. This land parcel has a potential revenue of almost Rs 25 billion and is situated in one of Pune's most prestigious neighbourhoods. In keeping with its goal to build thoughtful LifeDesigned rooms with carefully chosen features that establish new standards for contemporary living, the company intends to develop a high-end residential complex. Birla Estates is entering an exciting new phase with our expansion into Pune after being established in the MMR (Mumbai Metropolitan Region), Bengaluru, and NCR (National Capital Region) markets. In keeping with our LifeDesigned concept, we want to develop an urban environment that meets customer needs and improves quality of life. The Pune foray is essential to our expansion strategy and our desire to rank among the nation's top developers. Also read: Housing launches increased by 86% Y-o-Y at a record highMaharashtra government to buy Air India's building for Rs 1,600 crore