Reported By:
Last Updated:
Birla Estates has a solid geographical impact, with property and industrial growths throughout Mumbai MMR, Pune, Bengaluru, and Delhi NCR. (Representational photo through PTI)
The purposefully situated story acquired by Birla Estates remains in Kalwa, along the Thane-Belapur Road, a location experiencing fast development because of its distance to essential centers and enhancing framework.
Ekamaya Property Private Limited, a subsidiary of Birla Estates, the property endeavor of the Aditya Birla Group, has actually acquired a land parcel in the Mumbai Metropolitan Region (MMR), valued at Rs 537.42 crore, according toSquare Yards The purposefully situated story remains in Kalwa, along the Thane-Belapur Road, a location experiencing fast development because of its distance to essential centers and enhancing framework.
The enrollment record, accessed with Square Yards, suggests that Ekamaya Property Private Limited, a wholly-owned subsidiary of Birla Estates Private Limited, obtained the 99,021.47 square meter (almost 24.5 acres) land parcel. The purchase, settled in September 2024, entailed the buy fromHindalco Industries Limited The offer consisted of a stamp obligation of Rs 37.61 crore and an enrollment cost of Rs 30,000.
Kalwa has actually become an eye-catching property location, taking advantage of its close link to Thane, among India’s most energetic property markets, and Navi Mumbai, an expanding work center. These variables make it specifically interesting functioning specialists looking for practical real estate alternatives.
Anand Moorthy, Co- creator and CBO, Capital Market & & Services, Square Yards claimed, “We are witnessing leading developers strategically positioning themselves across key markets, acquiring significant land parcels. This aligns with the growing demand for office spaces as well as residential apartments in gated communities as homebuyer preference have shifted towards projects that offer a range of amenities and open spaces. These high-value deals in the market clearly signal profitable opportunities for developers in both residential and commercial sectors. Additionally, global firms and tech-giants are increasingly expanding their presence in India. The digitisation of land records and enhanced transparency have played a key role in boosting stakeholder confidence in the Indian real estate sector.”
Birla Estates has a solid geographical impact, with property and industrial growths throughout Mumbai MMR, Pune, Bengaluru, and Delhi NCR. As per Square Yards information understandings Birla Estates, rated 3rd in the Mumbai MMR among designers with the greatest signed up home sales worths throughout the April-June quarter of 2024, videotaping deals worthRs 1,126 crore. According to Birla Estate’s Q4 FY2024 record, the company has an excellent pipe of 18 million square feet location throughout jobs with an approximated gross growth worth ofRs 32,000 crore.
