Prominent real estate firm Birla Estates Private Ltd announced the acquisition of a prime five-acre land parcel in Sector 71, Gurugram. This move signifies a notable expansion of Birla Estates' presence in the National Capital Region (NCR).
The newly acquired land offers a development potential of approximately one million square feet and is projected to generate revenue exceeding Rs.1,400 crore. The project will include luxury high-rise residential towers, along with a range of upscale amenities such as an elegantly designed clubhouse and landscaped surroundings.
The company plans to develop a luxury high-rise residential tower that will include clubhouse amenities and landscaped surroundings.
Located on the Southern Peripheral Road (SPR) in Sector 71, the site benefits from excellent connectivity to Delhi and other parts of Gurugram via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road.
K. T. Jithendran, MD and CEO of Birla Estates, stated, "From the beginning, Gurugram has been a key market for us. The real estate opportunities here are significant and highlight our commitment to the Delhi-NCR region. This acquisition is designed to meet the demands of homebuyers looking for exclusive and unique living experiences."
Birla Estates is quickly expanding its presence in the NCR market with this new acquisition, which complements its existing projects on Golf Course Extension Road and Sector 31 in Gurugram, as well as Mathura Road in Delhi.
Birla Estates is a wholly-owned subsidiary of Century Textiles and Industries Ltd and serves as the real estate arm of the Aditya Birla Group.
Shares of Century Textiles and Industries Ltd closed at Rs.2,108.80 on the BSE, down by Rs.32.45, or 1.52%.
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