Century Textiles & Industries’ wholly-owned subsidiary and the real estate arm -- Birla Estates has acquired a 10 acre land parcel at Raja Rajeshwari Nagar, South Bengaluru. The project has a development potential of 1 mn sq. ft. with a revenue potential of Rs 900 crore.
The land parcel is located in a well-developed neighbourhood that is easily accessible from the Outer Ring Road as well as the 10-lane Bengaluru-Mysore Highway. It is one of the largest land parcels available for vertical development in the vicinity, dominated by plots and individual houses and Birla Estates plans to launch a premium residential development. This is in line with other land parcels developed by Birla Estates across the company’s key markets.
To date, Birla Estates has launched two projects in Bengaluru namely Birla Alokya at Whitefield and Birla Tisya in Rajajinagar. The third project, announced in early 2022 is an integrated mini-township project in North Bengaluru. Both the projects are expected to be launched in the next financial year.
Currently, Birla Estates has five ongoing residential developments spread across the Mumbai Metropolitan Region (MMR), Bengaluru, and the National Capital Region (NCR) - with new projects planned in each of these markets.
Century Textiles & Industries is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.
