Birla Estates enters residential real estate sector in Pune

11 Apr 2023 CW Team

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 high
Maharashtra government to buy Air India's building for Rs 1,600 crore

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..