July 15, 2024: Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries and the real estate venture of the Aditya Birla Group, is all set to expand its footprint in the NCR region with a land acquisition in Sector 71, Gurgaon. This 5-acre land parcel offers a development potential of around 10 lakh square foot (sqft) and is expected to generate revenue of over Rs 1,400 crore.
Birla Estate is planning to utilise this land for the development of high-rise residential towers featuring clubhouse amenities. Situated on Southern Peripheral Road (SPR) Road in Sector 71, the land parcel enjoys easy connectivity to Delhi and other parts of Gurgaon via the Dwarka Expressway, Sohna Road and Golf Course Extension Road. It is also located in close proximity to several educational institutions, hospitals, as well as F&B, retail and commercial centres.
K.T. Jithendran, MD and CEO at Birla Estates, said, “Gurgaon has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region. With this acquisition, we aim to cater to homebuyers seeking exclusivity and distinctive living experiences. At Birla Estates, our commitment transcends luxury; our ethos is to embrace a vision of residences that embody a legacy of dedication and excellence.”
Birla Estates is rapidly expanding in the NCR market with this new acquisition, adding to its projects in Golf Course Extension Road and Sector 31 in Gurgaon and Mathura Road in Delhi.
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