Birla Estates, the real estate arm of Aditya Birla Group has announced the purchase of a 28.6-acre land parcel along the Surajpur Road in Bangalore. The company plans to build residential-cum-retail options here, eyeing a revenue stream of around Rs 3,000 crore.
The company plans to use this land for developing residences for IT professionals working in the IT corridor of Sarjapur, Outer Ring Road, Whitefield and Electronics City.
K T Jithendran, MD and CEO, Birla Estates, said, “This region has immense potential to become the next IT hub, and our Grade-A residential complex will serve as a haven for modern professionals in the area.”
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