Business Update5 Jun 2024, 10:59 pm
Birla Estates Inks Joint Venture with Barmalt India for Luxury Residential Project in Gurugram with INR 5000 Cr Revenue Potential
AI Summary
Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries Limited, has entered into a joint venture with Barmalt India Pvt Ltd. for a luxury residential group housing development in Sector 31, Gurugram. The 13.27-acre land parcel has a development potential of approx. 2.4 million square feet, offering a revenue potential of approx. INR 5000 crore. The project is strategically located near Cyber City, Golf Course Road, Sohna Road, and NH-48, and is expected to set a new benchmark in the Gurugram real estate market.
Key Highlights
- Birla Estates has entered into a joint venture with Barmalt India Pvt Ltd. for a luxury residential group housing development in Gurugram.
- The 13.27-acre land parcel has a development potential of approx. 2.4 million square feet, offering a revenue potential of approx. INR 5000 crore.
- The project is strategically located near Cyber City, Golf Course Road, Sohna Road, and NH-48.
- The project is expected to set a new benchmark in the Gurugram real estate market.
- Birla Estates is a subsidiary of Century Textiles and Industries Limited and is focused on developing world-class residential, commercial, and mixed-use properties.