Earlier this month, Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, announced its acquisition of a land parcel from Hindalco Industries Limited. This transaction, finalised in September 2024, involves a plot located in the Mumbai Metropolitan Region. The company plans to develop a mixed-use project on the site, which spans approximately 24.5 acres. The deal, which included a stamp duty of INR 37.61 crore and a registration fee of INR 30,000, signifies a strategic expansion in Birla Estates' real estate portfolio, aiming to leverage the growing potential of the area.
Birla Estates, which is the real estate division of the prominent Aditya Birla Group, has made a significant acquisition of around 24.5 acres of land within the Mumbai Metropolitan Region (MMR). This transaction, valued at INR 537.42 crore, was reported by real estate consultant Square Yards. The land is strategically located in Kalwa, an area positioned along the Thane-Belapur Road, which is a key route in the MMR. This location is known for its growing infrastructure and connectivity, making it a desirable area for real estate investments. The acquisition underscores Birla Estates' continued expansion and investment in high-potential real estate markets within the Mumbai Metropolitan Region, reflecting their commitment to enhancing their portfolio and capitalising on the area's development prospects.
According to information reviewed by Square Yards, the registration document indicates that Ekamaya Property Pvt Ltd, a fully-owned subsidiary of Birla Estates Private Limited, has successfully acquired a land parcel. This parcel spans 99,021.47 square metres, which is approximately equivalent to 24.5 acres. The details provided in the document confirm that this acquisition is part of Birla Estates' strategic expansion efforts within the Mumbai Metropolitan Region.
The transaction, which was finalised in September 2024, involved the acquisition of the land from Hindalco Industries Limited. As part of the deal, a stamp duty amounting to INR 37.61 crore was required, along with a registration fee of INR 30,000. This comprehensive financial commitment reflects the scale and importance of the property acquisition within the real estate market.
Earlier this month, Birla Estates Private Limited, which is a wholly-owned subsidiary of Century Textiles and Industries Limited, disclosed that it had purchased land from Hindalco Industries Limited. The company intends to develop a mixed-use project on this property, marking a significant step in broadening and enhancing its real estate ventures.
Birla Estates' recent acquisition of a significant land parcel from Hindalco Industries Limited marks a notable expansion in its real estate portfolio. The strategic location in the Mumbai Metropolitan Region and the planned development of a mixed-use project highlight the company's commitment to capitalising on emerging opportunities in the area. The financial details of the deal, including a substantial stamp duty and registration fee, underscore the importance of this investment. As Birla Estates moves forward with its development plans, this acquisition is poised to enhance its market presence and contribute to the region's growth.
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