Birla Estates, a part of the Aditya Birla Group and a player in the real estate sector, has recently made an important acquisition. They have acquired a significant 28.6-acre piece of prime land in the Sarjapur Road area of Bengaluru. This strategic land purchase aligns with Birla Estates' commitment to broadening its presence in the real estate market. The Aditya Birla Group, known for its diverse business ventures, is venturing into the real estate sector to develop premium residential projects.
This acquisition in Sarjapur Road holds immense potential for Birla Estates. Bengaluru's real estate market is known for its dynamism and growth, making it an attractive destination for real estate investments. The Aditya Birla Group's foray into the real estate sector demonstrates its vision to diversify and contribute to the development of quality living spaces in one of India's most dynamic cities. As the real estate project unfolds on this prime land parcel, it is expected to offer premium housing options that meet Bengaluru's discerning residents' evolving needs and aspirations.
| Type | Apartments |
|---|---|
| Project Stage | New Launch |
| Location | Shettigere, Devanahalli, Bangalore |
| Builder | Birla Estates |
| Floor Plans | 1,2 & 3 BHK |
| Price | Rs. 50 Lakh* Onwards |
| Total Land Area | 50 Acres |
| Total Units | 2600 Units |
| Size Range | 650 - 3000 Sq Ft |
| Towers & BLocks | 2 Towers, 25 Floors |
| Approvals | RERA |
| RERA No | PR/300823/006200 |
| Launch Date | September 5th 2023 |
| Completion Date | October 31st 2028 |
| Possession Date | April 31st 2028 |
Birla Estates has ambitious plans for this newly acquired land in the thriving Sarjapur Road area of Bengaluru. They intend to develop a residential project with significant revenue potential, estimated at around Rs 3,000 crore. This project aligns with the rapidly growing micro-market dynamics, tapping into the city's burgeoning real estate demand.
In addition to the residential aspect, the development will incorporate convenience retail options. This holistic approach aims to create a self-sustaining and well-rounded community, catering to the needs and preferences of the residents. Including retail spaces further enhances the project's value proposition, making it an attractive destination for homeowners and investors in Bengaluru's dynamic real estate landscape.
K T Jithendran, the Managing Director and CEO of Birla Estates, conveyed confidence in the potential of this region, highlighting its capacity to evolve into the next IT hub. He emphasized that their Grade-A residential complex is designed to be a haven for modern professionals in the vicinity. This strategic development not only aligns with the growing IT industry in the area but also caters to the evolving lifestyle and housing needs of the professionals central to its growth.
Sarjapur is a rapidly growing area in Bengaluru that's well-connected by roads to important business areas. It's a top place for homes and businesses in India's IT hub, with excellent social amenities and entertainment options.
Back in September, Birla Estates made another notable land acquisition, securing a 10-acre plot in Raja Rajeshwari Nagar, located in South Bengaluru. This project has substantial development potential, with the capacity to build one million square feet of real estate, holding a revenue potential of approximately Rs 900 crore.
Birla Estates actively pursues its real estate ventures through outright land purchases and asset-light joint ventures. Their overarching goal is to create top-notch residential, commercial, and mixed-use properties, with a vision to establish themselves as one of India's premier real estate companies in the long term.
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