MD & CEO of Birla Estates, K T Jithendran, says "We have a very well-built pipeline of about Rs. 45,000 crore of Gross Development Value (GDV) and further we seem to add an additional Rs.10, 000 crore in this year, perhaps a new Rs. 20,000 crore for next year. And we have enough and more propellants for that”. He also states in venture’s latest earning call, “In the forthcoming quarter, the group planning to start-on the second phase of its flagship project which was named as Birla Niyaara in the Mumbai’s Worli area” Also he adds that Birla Estates has added projects worth Rs. 16 crore in this fiscal.
A top executive of the company says, “The real estate arm of the Aditya Birla Group, Birla dwelled under Century Textiles and Industries Ltd, which has a pipeline project that worth Rs. 45,000 crore in gross development value (GDV)”.
The real estate giant Birla Estates Private Limited is a 100 per cent wholly owned subsidiary of Century Textiles and Industries Limited that comes in real estate, textiles and pulp & paper is the real estate arm of the Aditya Birla Group.
By way of over 125 years of birthright, Century Textiles & Industries Limited forayed into real estate with Birla Estates in the year 2016. In a littleperiod of time Birla Estates has documented itself as a go-to brand of choice in the real estate industry. The company develops premium to higher, mid-income residential housing. In the long term, the company is focused on rising top-notch residential, commercial and mixed-use properties and aims to be amid the top 5 real estate groups in India. Birla Estates spotlights on competence in design, customer centricity, and sustainability and performing excellence will distinguish its hand-outs from those of its challengers and players.
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