Birla Estates has just finalised five projects across Bengaluru, Mumbai, Pune, and Delhi, with a potential income of about Rs 9,000 crore, according to KT Jithendran, managing director and CEO of Birla Estates Private Limited.
Birla Estates intends to begin new projects and phases in major cities. These will include ultra-luxury projects in Mumbai, luxury projects in Bengaluru, and mid-segment projects in Pune and Delhi-NCR this financial year.
Plans For More Launches In Prime Cities
At least five new projects will be introduced by the firm this year. We intend to introduce two of our newest initiatives in Bengaluru. By the end of this financial year, we also hope to open the beautiful property in Walkeshwar.
A new phase of Birla Niyaara, Worli, South Mumbai may soon be introduced. Additionally, we want to introduce the new phase at Birla Navya in Gurugram. Therefore, the new releases both both new projects and new phases of existing projects.
Project Handovers
In three projects, one in Bengaluru, one in Kalyan Birla Vanya in the MMR, and one phase in the NCR, Birla intends to deliver close to 1,500 flats this year.
Jithendran spoke about the topic of redevelopment, stating that even if the business does not currently have a portfolio in the area, “we should be looking at it since that’s how Mumbai will be growing. Mumbai’s future will be primarily determined by redevelopment, particularly in the island city. However, all of these are new construction projects.
What’s Plan For Delhi-NCR?
The first phase of Project Birla Navya sector 63A was launched in 2021, will soon enter its fourth phase. “We have sold inventory worth close to Rs 1,350 crore across the three phases,” adding that the fourth phase would be introduced in the third quarter.
Additionally, the business is aggressively targeting Noida location. “We are in discussions with a few landowners, both in Gurgaon and Noida, and in Delhi as well,” adding that the business may think about developing a luxury property Delhi NCR area.
Source- Moneycontrol
