Birla Estates clarifies old ₹3000 Cr JV news with M S Ramaiah Realty

Aditya Birla Real Estate Ltd (Birla Estates, a subsidiary of Century Textiles and Industries Limited) issued a clarification regarding a media report from April 16, 2026, which stated that Birla Estates entered a Joint Venture with M S Ramaiah Realty, targeting ₹3000 Cr revenue. The company clarified that this was old news, previously disclosed in March 2022. The original agreement involved jointly developing a 52-acre land parcel in North Bangalore with M S Ramaiah Realty LLP, with a revenue potential of ₹3000 Cr and a development potential of 4.0 Mn sq. ft. The project is an integrated mini-township. The company also noted a separate intimation from April 14, 2026, regarding ₹650 crores in bookings at Birla Trimaya phase 4 in Bengaluru.