Press Trust of India
Birla Estates, the real estate venture of the Aditya Birla Group, has bought around 24.5 acre land in Mumbai Metropolitan region (MMR) for Rs. 537.42 Crore, according to real estate consultant Square Yards.
The plot is located at Kalwa, along the Thane-Belapur road.
“The registration document, reviewed by Square Yards, indicates that Ekamaya Property Pvt Ltd, a wholly-owned subsidiary of Birla Estates Private Limited, acquired the 99,021.47 square meters (24.5 acres) land parcel,” the company said in a statement.
The transaction, finalized in September 2024, involved the purchase from Hindalco Industries Limited. The deal included a stamp duty of Rs.37.61 crore and a registration fee of Rs. 30,000 it added.
Earlier this month, Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, has informed that it acquired land from Hindalco Industries Limited. The company would develop a mixed use project on this plot.
Earlier in June, Realty firm Birla Estate has partnered with Barmalt India to develop a luxury project in Gurugram with an estimated revenue of Rs. 5,000 crore. Birla Estate is the real estate venture of the Aditya Birla Group and a 100 percent wholly-owned subsidiary of Century Textiles and Industries Ltd.
In a regularity filling, Century Textiles and Industries said it has entered into a joint venture with Barmalt India Pvt Ltd for a luxury residential group housing development in Sector 31, Gurugram.
