Birla Estates Acquires Premium Land in Prestigious Malabar Hill Area

In a significant move, the Aditya Birla Group has made its second high-profile acquisition in less than two weeks. On April 10, BGH Properties Ltd, a company closely affiliated with the group's directors, finalized the purchase of the Sunny Ville, a sprawling 19,883 sq ft bungalow located on Carmichael Road in Mumbai. This strategic investment underscores the group's continued interest in prime real estate assets and its commitment to expanding its presence in the city's affluent neighborhoods.

MUMBAI: Birla Estates Pvt Ltd, the real estate subsidiary of the Aditya Birla Group, has successfully acquired a prime 9,000 sq ft plot of land on Walkeshwar Road in the prestigious Malabar Hill neighborhood for a significant sum of ₹162.30 crore. The company has ambitious plans to develop a luxury residential project on this coveted real estate, marking its commitment to creating exclusive living spaces in one of Mumbai's most sought-after areas.

Birla Trimaya Project Highlights
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 Pvt Ltd, a prominent player in the real estate sector under the Aditya Birla Group, recently made a significant investment by acquiring a valuable 9,000 sq ft plot of land situated on Walkeshwar Road in the prestigious Malabar Hill district. The land parcel includes a building with three floors and a generous carpet area measuring 12,500 sq ft. This strategic acquisition took place on April 21, as the Aditya Birla Group continues to expand its footprint in the real estate market.

According to available documents, the purchasers of this prime property, the Premkumar Agarwal family, incurred a stamp duty of ₹9.73 crore for this transaction, as reported by CRE Matrix, a well- known real estate analytics firm.

Notably, this marks the second significant purchase by Aditya Birla Group companies within just two weeks. On April 10, BGH Properties Ltd, a company closely associated with the group's directors, acquired the Sunny Ville bungalow, 19,883 sq ft, on Carmichael Road in South Mumbai. This acquisition was made from an estate belonging to a Parsi woman for a substantial amount of ₹220 crore.

Birla Estates, renowned for its development of the luxurious Birla Niyaara project in Worli, has revealed its intention to enter the super luxury real estate segment. They plan to accomplish this by creating boutique residences in one of the upscale areas of South Mumbai. This move reflects their commitment to delivering exceptional living spaces in the city's most sought-after locales.

K T Jithendran, the MD and CEO of Birla Estates, expressed great enthusiasm regarding the recent acquisition of the prestigious land in Walkeshwar. He emphasized that this acquisition is a significant milestone for Birla Estates, perfectly aligning with their long-term growth strategy to establish a prominent presence in the luxury housing segment.

Jithendran highlighted the excitement within the company about the opportunity to craft bespoke boutique residences in one of South Mumbai's most coveted locations. He affirmed their commitment to setting a new standard for luxury living in the city, emphasizing their dedication to delivering a world- class development that surpasses the expectations of their discerning clientele.

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