Birla Estates, the realty arm of the Aditya Birla Group, has acquired a land parcel in South Mumbai’s Walkeshwar at Malabar Hill. The company will develop a luxury project with boutique residences that will hold a revenue potential of over Rs 600 crore.
K T Jithendran, MD and CEO, Birla Estates, said, “Our acquisition of this prime plot of land in Walkeshwar is a significant milestone for Birla Estates as it aligns perfectly with our long-term growth strategy to create a niche in the luxury housing segment. We are excited about the opportunity to create bespoke boutique residences in one of the most sought-after locations in South Mumbai.”
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