Birla Estates Strikes A Deal For 52-Acre Property Plot in North Bengaluru

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Birla Estates, the real estate arm of Century Textiles and Industries (CTIL), has entered into a deal to jointly develop a magnificent 52-acre land block in North Bengaluru with MS Ramaiah Realty LLP.

The project has a revenue potential of Rs 3000 cr and development potential 4.0 million sq-ft and will feature both high and low-rise residential complexes, along with retail and commercial aspects.

It will be an integrated micro township project with huge green areas, lifestyle facilities and handpicked housing.

KT Jithendran, CEO, Birla Estates, stated, The location provides a significant real estate market potential for employment, good connectivity and range of housing facilities across all sectors.

Bengaluru is a focal market for Birla Estates and we are thrilled to be unveiling our 3rd project in a short space of time.“

MR Seetharam, designated partner, MS Ramaiah Realty, stated, “It has been a wonderful honour for us to join with Birla Estates for a high-end residential township. Together, we will provide world class living space.”

The property is located in North Bengaluru, which is the fastest expanding corridor and is in close proximity to Kempegowda International Airport.

Currently, Birla Estates has two projects in Bengaluru, Birla Alokya in Whitefield, a villament project offering villa like elegance with the vitality of apartment neighbourhoods and Birla Tisya, a premium residential project in Rajajinagar.

Birla Estates would adopt a capital efficient, asset light approach to seek joint venture, preferably in Mumbai, MMR, Pune, Bengaluru and NCR – which account for about 70 percent of the pan India residential market – and grow one of the biggest real estate development brands in India further.