Birla Estates Acquires the 16.5 Acres Manjri Pune
Birla Estates, a subsidiary of Century Textiles and Industries, has acquired a 16.5-acre land parcel in Manjri, Pune. The land has a development potential of approximately 32 lakh square feet and an estimated revenue potential of Rs 2,500 crore.
by Damodharan N
Updated Jun 26, 2024
Birla Estates, a subsidiary of Century Textiles and Industries, has acquired a 16.5-acre land parcel in Manjri, Pune. The land has a development potential of approximately 32 lakh square feet and an estimated revenue potential of Rs 2,500 crore.
The proposed development will be part of an integrated township and will offer a variety of residential unit configurations. Located on the Pune-Solapur Highway, the project will have seamless connectivity to several information technology hubs, including Kharadi, Magarpatta, and Phursungi, as well as the Hadapsar MIDC.
K. T. Jithendran, MD & CEO at Birla Estates, stated that Pune is a strategic market for the company and this acquisition is a step towards their ambitious growth plans. He also mentioned that the Pune-Solapur corridor is transforming rapidly, and Birla Estates intends to enhance living standards in Manjri by delivering meticulously designed homes that integrate contemporary architecture with thoughtfully chosen amenities.
The project is conveniently connected to educational institutions, healthcare facilities, and shopping centers, making it a lucrative investment opportunity. The area is poised for substantial growth due to its excellent connectivity to the Pune Ring Road
Read the full press release Here
Birla Estates
Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries Limited, is making waves in the Indian real estate industry. As the real estate venture of the Aditya Birla Group, Birla Estates has quickly established itself as a brand of choice for premium residential housing in key markets across the country.
The company's focus on developing world-class residential, commercial, and mixed-use properties has positioned it as a rising force in the sector. Birla Estates acquires land parcels through outright purchases and asset-light joint ventures, in addition to developing its own land parcels.
Headquartered in Mumbai, Birla Estates currently has regional offices in NCR, Bengaluru, and Pune. The company's well-established commercial portfolio includes two Grade-A commercial buildings located in Worli, Mumbai, with approximately 6 lakh square feet of leasable area.
Birla Estates Acquires the 16.5 Acres Manjri Pune - FAQs
1. What is Birla Estates?
Birla Estates is a real estate company that is a subsidiary of Century Textiles and Industries Limited. It is the real estate venture of the Aditya Birla Group.
2. What kind of properties does Birla Estates develop?
Birla Estates develops premium residential, commercial, and mixed-use properties in key markets across India.
3. How does Birla Estates acquire land for its projects?
Birla Estates acquires land parcels through outright purchases as well as asset-light joint ventures, in addition to developing its own land parcels.
4. Where is Birla Estates headquartered?
Birla Estates is headquartered in Mumbai and has regional offices in NCR, Bengaluru, and Pune.
5. What is Birla Estates' commercial portfolio?
Birla Estates has a well-established commercial portfolio, including two Grade-A commercial buildings located in Worli, Mumbai, with approximately 6 lakh square feet of leasable area.
6. What is Birla Estates' focus in developing properties?
Birla Estates focuses on differentiating its properties through sustainability, execution excellence, customer centricity, and thoughtful design.
7. What is Birla Estates' goal in the long term?
Birla Estates aims to be among the top real estate companies in India by developing world-class residential, commercial, and mixed-use properties.
8. Why did Birla Estates acquire a 16.5-acre land parcel in Manjri, Pune?
Birla Estates acquired the land parcel in Manjri, Pune as part of its ambitious growth plans and to expand its presence in the strategic Pune market.
9. What are the details of the Manjri, Pune project?
The 16.5-acre land parcel in Manjri, Pune has a development potential of approximately 32 lakh square feet and an estimated revenue potential of Rs 2,500 crore.
10. How is the Manjri, Pune project connected?
The project in Manjri, Pune is located on the Pune-Solapur Highway, providing seamless connectivity to several IT hubs and the Hadapsar MIDC.