Aditya Birla Real Estate’s wholly owned subsidiary -- Birla Estates has entered into the Navi Mumbai market with the redevelopment of Shiv Sai Co-operative Housing Society in Vashi, undertaken jointly with an affiliate of Priyanka Group, a reputed developer in Navi Mumbai. The project carries a total revenue potential of around Rs 2,600 crore.
The project spans a land parcel of 3.06 acres (around 12382 sq.mts) comprising premium and luxury residences. Strategically positioned in prime neighbourhood in Vashi, the project benefits from direct connectivity to the Sion-Panvel Highway and proximity to Vashi railway station. The upcoming Gold Line metro, proposed to connect Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Navi Mumbai International Airport (NMIA) via Vashi, is expected to further strengthen the location's connectivity profile. The luxury residences will offer exceptional views of the sea, gardens, and surrounding mangroves. The project will be developed in line with Birla Estates broader sustainability commitments across its portfolio.
Aditya Birla Real Estate (formerly Century Textiles and Industries) is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.
