Birla buys 71-acre land parcel near Mumbai for over Rs 1.04 billion
01 Jan 2025 Editorial Team
Birla Estates, a wholly-owned subsidiary of Aditya Birla Real Estate, acquired a 70.92-acre land parcel in Boisar, near Mumbai, for Rs 1.04 billion, according to a stock exchange filing on December 17. Boisar, located in the Palghar district of Maharashtra, is the largest industrial suburb in the Mumbai Metropolitan Region. This acquisition is part of Birla Estates' strategy to expand its real estate portfolio in and around Mumbai. In 2024, the company also purchased a 24.5-acre plot in September from Hindalco for Rs 5.37 million, and a 16.5-acre land in Pune for a Rs 25 billion housing project. Birla Estates is focusing on key markets like Mumbai, Pune, Bengaluru, and NCR.