Birla Real Estate and Mitsubishi Partner for Bengaluru Housing Project
Real Estate

Birla Real Estate and Mitsubishi Partner for Bengaluru Housing Project

Aditya Birla Real Estate’s subsidiary, Birla Estates (BEPL), has entered a joint venture with Japan-based Mitsubishi Estate Co. (MEC) to develop a premium residential project in Southeast Bengaluru.

The partnership involves an investment of Rs 5.6 billion through a special purpose vehicle (SPV), with BEPL holding a 51% economic interest and MEC’s affiliate, MJR Investment (MIPL), holding 49%.

The project, spanning 4 million square feet of built-up area, will be strategically located in Bengaluru’s rapidly growing Southeast corridor.

The collaboration marks a significant step in expanding high-quality residential developments in the city. (Business Standard)

Aditya Birla Real Estate’s subsidiary, Birla Estates (BEPL), has entered a joint venture with Japan-based Mitsubishi Estate Co. (MEC) to develop a premium residential project in Southeast Bengaluru. The partnership involves an investment of Rs 5.6 billion through a special purpose vehicle (SPV), with BEPL holding a 51% economic interest and MEC’s affiliate, MJR Investment (MIPL), holding 49%. The project, spanning 4 million square feet of built-up area, will be strategically located in Bengaluru’s rapidly growing Southeast corridor. The collaboration marks a significant step in expanding high-quality residential developments in the city. (Business Standard)

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