June 24, 2024: Birla Estates, a 100% wholly owned subsidiary of Century Textiles and Industries and the real estate venture of the Aditya Birla Group has acquired 16.5 acre land in Manjri, Pune. The development potential of the land is approximately 32 lakh sqft and it has an estimated revenue potential of Rs 2,500 crore. With this acquisition, the company is all set to expand its presence in Pune.
A part of an integrated township, the proposed development will offer a variety of residential unit configurations. Located in Manjri, Pune, the project is situated on the Pune-Solapur Highway offering seamless connectivity to several IT hubs, including Kharadi, Magarpatta and Phursungi, as well as the Hadapsar MIDC.
K T Jithendran, MD and CEO at Birla Estates said, “Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans. The Pune Solapur corridor is transforming at a rapid pace and we intend to enhance living standards in Manjri by delivering meticulously designed homes that seamlessly integrate contemporary architecture with thoughtfully chosen amenities.” The area is poised for substantial growth due to its excellent connectivity to the Pune Ring Road.
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