Birla Estates to develop housing project in Gurugram with revenue of ₹5,000 cr

 

The project marks Birla Estates’ further expansion into the Delhi-National Capital Region

Birla Estates, the realty arm of Aditya Birla Group’s Century Textiles and Industries, will develop a 13.27-acre land parcel in Gurugram into a luxury housing project with a revenue potential of ₹5,000 crore. It has signed a joint venture agreement with Barmalt India for this. The development potential of the land is 2.4 million square feet, it said in a release.

Birla Estates-Barmalt to build 13 acres luxury housing project in Gurugram

Realty firm Birla Projects Noida  has partnered with Barmalt India to develop a luxury housing project in Gurugram with an estimated revenue of Rs 5,000 crore.

Birla Estate is the real estate venture of the Aditya Birla Group and a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd.

In a regulatory filing, Century Textiles and Industries said it has entered into a joint venture with Barmalt India Pvt Ltd for a luxury residential group housing development in Sector 31, Gurugram.