Barmalt India, 100% wholly-owned subsidiary of Century Textiles and Industries has joined hands with Birla Estates, a realty firm, to collaborate on a high-end residential undertaking in Gurugram.
This prestigious project is anticipated to generate a substantial revenue of Rs 5,000 crore. Birla Estates, a subsidiary of Century Textiles and Industries Ltd., is the esteemed real estate venture of the renowned Aditya Birla Group.
Gurugram, being a prime location in the National Capital Region (NCR), offers immense potential for real estate development. The city is known for its thriving corporate sector, excellent connectivity, and world-class infrastructure.
This project by Barmalt India and Birla Estates will further enhance the city's real estate landscape, adding to its allure as a preferred destination for luxury living.
The high-end residential project is expected to feature state-of-the-art amenities, luxurious living spaces, and meticulous attention to detail. It will cater to the needs of discerning homebuyers who seek a blend of comfort, style, and exclusivity. The project will also prioritize sustainability and eco-friendly practices, ensuring a greener and healthier living environment for its residents.
Century Textiles and Industries has recently announced in a regulatory filing that it has formed a partnership with Barmalt India Pvt Ltd. The purpose of this joint venture is to collaborate on a prestigious residential group housing project located in Sector 31, Gurugram.
The property spread across sprawling 13.27 acres and has a development capacity of around 2.4 million square feet, providing a revenue opportunity of about Rs. 5,000 crore.
The MD & CEO of Birla Estates, K T Jithendran mentioned, “As we expand our footprint in the Delhi-NCR region, we are pleased to announce the addition of this new project in one of Gurugram's most promising micro market".
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