Birla Estates, Aditya Birla Group’s real estate business, has purchased a premium land lot in South Mumbai’s posh residential enclave of Walkeshwar near Malabar Hill. Century Textiles and Industries’ fully owned subsidiary aims to create a premium residential complex with a revenue potential of Rs 600 crore.
Following the success of Birla Niyaara in Worli, Birla Estates is preparing to enter the super-luxury real estate market. It plans to build boutique houses in one of Mumbai’s most affluent neighborhoods.The most recent project in South Mumbai is in an area with easy access to main entertainment, shopping, and business areas, as well as city landmarks.
This project will definitely set a new standard for luxury living in the city, and we are committed to producing a world-class complex that exceeds our discerning clientele’s expectations.
The organization is now working on a number of projects in important markets throughout the country. According to the corporation, this acquisition would give world-class amenities and unrivaled sea views.
Apart from developing its own land parcels, the Aditya Birla Group company develops land parcels through outright purchases and asset light joint ventures. Birla Estates is headquartered in Mumbai and has regional offices in the National Capital Region and Bengaluru.
