Birla Estates Secures 5-acre Land in Gurugram to Develop Luxury Housing, Eyes Topline of Over Rs 1,400 cr
The Aditya Birla Group’s real estate company, Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, is poised to grow its presence in the national capital region (NCR) after acquiring a five-acre plot of land in Gurugram.
Birla Estates intends to develop a high-end residential building on the Gurugram sector 71 land block. The company hopes to make over Rs 1,400 crore in income from the project, which has a development potential of about 10 lakh square feet (sqft), it announced on July 15.
The project, which is located in Sector 71 on Southern Peripheral Road (SPR) Road, will provide access to the Dwarka Expressway, Sohna Road, and Golf Course Extension Road, which connect it to Delhi and other areas of Gurugram.
From the beginning, Gurgram has been a crucial market for us. This micromarket has enormous real estate potential, which only serves to highlight our laser-like focus on the Delhi-NCR area. We hope to serve purchasers looking for unique living experiences and exclusivity with this transaction. K. T. Jithendran, MD and CEO of Birla Estates, stated, “At Birla Estates, our commitment goes beyond luxury; our ethos is to embrace a vision of residences that embody a legacy of dedication and excellence.”
