Listen To The Article Century Textiles and Industries Ltd. (CTIL) announced on Wednesday, June 5, that its wholly-owned subsidiary Birla Estates Private Ltd. and Barmalt India Private Ltd. had formed a joint venture to create a posh group housing estate in Sector 31 in Gurugram. According to a stock exchange filing, the 13.27-acre property piece has a development potential of over 2.4 million...
Listen To The Article According to Anarock data, builders and other organizations made at least 29 land acquisitions totaling 721 acres between January and March of this year in order to grow their operations in response to a spike in demand, particularly for housing. According to property consultancy Anarock, during the fiscal year 2023–2024, developers and other organizations finalized 101...
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...
Real estate developers have purchased over 2,200-acre land parcels for around Rs 26,000 crore since January last year, primarily to create residential developments as per JLL India. The developers have bought around 2,181 acres of land area in the last 17 months (January 2022-May 2023) valued at over Rs 26,000 crore, with an estimated development potential of approximately 209 million square feet...
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