Tuesday, April 25, 2023

Birla Estates Acquires Premium Land For A Luxury Residential Project At Walkeshwar, Malabar Hill

* The super luxury residences at Walkeshwar holds a revenue potential of over INR 600 Cr

Birla Estates Private Limited, the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries Limited, today announced that it has acquired prime land parcel in South Mumbai’s upmarket residential area of Walkeshwar at Malabar Hill. The luxury project will hold a revenue potential of over INR 600 Cr.

Following the recent success of Birla Niyaara in Worli, Birla Estates is all set to enter the super luxury real estate market with the launch of boutique residences in one of Mumbai’s most upscale areas. The latest project in South Mumbai offers effortless connectivity and ease of access to key entertainment, retail and businesses, and city hotspots.

Mr. 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. This project will undoubtedly set a new benchmark for luxury living in the city, and we are committed to delivering a world-class development that exceeds the expectations of our discerning clientele."

Birla Estates, a key growth engine of Century Textiles and Industries Ltd (CTIL), currently has many projects across key markets in the country. With this latest acquisition, the company is all set to provide modern homebuyers a one-of-a-kind experience of exquisite living with world-class amenities and unmatched sea views.

About Birla Estates:

Birla Estates Private Limited, a 100 per cent wholly owned subsidiary of Century Textiles and Industries Limited is the real estate venture of the Aditya Birla Group. In a short span of time Birla Estates has established itself as a brand of choice in the real estate industry.  Birla Estates develops premium residential housing in key markets. The company is developing land parcels both through outright purchases as well as asset light Joint Ventures apart from developing its own land parcels. In the long term, the company is focused on developing world class residential, commercial and mixed use properties and aims to be amongst the top real estate companies in India. The company’s focus is on differentiating through sustainability, execution excellence, customer centricity and thoughtful design. 

The company is headquartered at Mumbai and currently has regional offices in NCR and Bengaluru and also has a well- established commercial portfolio with 2 grade-A commercial buildings located in Worli, Mumbai with ~6 lakh square feet of leasable area. 

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