Birla Estates Pvt Ltd to pump in Rs 5500 cr for Mumbai project
Real Estate

Birla Estates Pvt Ltd to pump in Rs 5500 cr for Mumbai project

A 100% wholly-owned subsidiary and the realty arm of Century Textiles and Industries Limited (CTIL), Birla Estates Private Limited, has swooped into the premium and luxury realty market in Worli.

The firm plans to build a total of 30 acres of land parcels in Worli in phases with a possible booking value of Rs 20,000 crore.

The maiden start of Birla Niyaara is a premium flagship project in this micro-market. This remarkable product, spread across 14 acre, is one of the biggest integrated developments in Mumbai’s most sought-after location, Worli. The development values for Birla Niyaara are Rs 5,500 crore.

CEO of Birla Estates, K T Jithendran, told the media that Century Mills has been among Mumbai’s iconic landmarks and a notable part of the Birla group’s history. Their goal is to form a new landmark in the Mumbai skyline with Birla Niyaara. While it is their flagship and maiden plan in Mumbai, it has the potential to propel Birla Estates into the leading developers’ league.

Conceptualised and developed by architects Foster and Partners, the development is a blend of contemporary and modern high rise living areas, high-end retail and office buildings. The landscape is master-planned and detailed by Coopers Hill and Sasaki, respectively.

Image Source

Also read: Birla Group lines up Rs 1,000 cr capex for housing projects in FY22                                                                                                                                                Also read: Birla Corporation plans 30 mt cement capacity in next five years

A 100% wholly-owned subsidiary and the realty arm of Century Textiles and Industries Limited (CTIL), Birla Estates Private Limited, has swooped into the premium and luxury realty market in Worli. The firm plans to build a total of 30 acres of land parcels in Worli in phases with a possible booking value of Rs 20,000 crore. The maiden start of Birla Niyaara is a premium flagship project in this micro-market. This remarkable product, spread across 14 acre, is one of the biggest integrated developments in Mumbai’s most sought-after location, Worli. The development values for Birla Niyaara are Rs 5,500 crore. CEO of Birla Estates, K T Jithendran, told the media that Century Mills has been among Mumbai’s iconic landmarks and a notable part of the Birla group’s history. Their goal is to form a new landmark in the Mumbai skyline with Birla Niyaara. While it is their flagship and maiden plan in Mumbai, it has the potential to propel Birla Estates into the leading developers’ league. Conceptualised and developed by architects Foster and Partners, the development is a blend of contemporary and modern high rise living areas, high-end retail and office buildings. The landscape is master-planned and detailed by Coopers Hill and Sasaki, respectively. Image Source Also read: Birla Group lines up Rs 1,000 cr capex for housing projects in FY22                                                                                                                                                Also read: Birla Corporation plans 30 mt cement capacity in next five years

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?