Birla Estates purchases prime plot in South Mumbai's Malabar Hill
Real Estate

Birla Estates purchases prime plot in South Mumbai's Malabar Hill

In the upscale South Mumbai neighbourhood of Walkeshwar in Malabar Hill, Birla Estates, the Aditya Birla Group's real estate development division, has purchased a valuable land parcel. The Aditya Birla Group companies have purchased this second South Mumbai home in the previous two weeks.

For more than Rs 1.62 billion, the corporation bought the quarter-acre block of land with a building on it that is more than 12,500 square feet large and has three stories in addition to the ground level.

An affluent home Sunny Ville on South Mumbai's Carmichael Road was recently purchased by B G H Properties, one of the group firms, for more than Rs 2.2 billion, and the transaction was finalised on April 10.

The most recent transaction involving the 100 percent owned subsidiary of Century Textiles and Industries was recorded. As Birla Estates plans to build a sea-view luxury residential development on the plot with a potential revenue of over Rs 6 billion, the land it recently acquired will be redeveloped.

Birla Estates is preparing to enter the ultra luxury real estate market with the debut of boutique houses in one of Mumbai's most affluent locations, and the South Mumbai land parcel acquisition is part of this growth plans. This is in response to the recent strong response to its premium project in Worli.

Also read:
Greater Noida & Noida see reduction in unsold housing stocks
Haryana government to sell rented, leased properties


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

In the upscale South Mumbai neighbourhood of Walkeshwar in Malabar Hill, Birla Estates, the Aditya Birla Group's real estate development division, has purchased a valuable land parcel. The Aditya Birla Group companies have purchased this second South Mumbai home in the previous two weeks. For more than Rs 1.62 billion, the corporation bought the quarter-acre block of land with a building on it that is more than 12,500 square feet large and has three stories in addition to the ground level. An affluent home Sunny Ville on South Mumbai's Carmichael Road was recently purchased by B G H Properties, one of the group firms, for more than Rs 2.2 billion, and the transaction was finalised on April 10. The most recent transaction involving the 100 percent owned subsidiary of Century Textiles and Industries was recorded. As Birla Estates plans to build a sea-view luxury residential development on the plot with a potential revenue of over Rs 6 billion, the land it recently acquired will be redeveloped. Birla Estates is preparing to enter the ultra luxury real estate market with the debut of boutique houses in one of Mumbai's most affluent locations, and the South Mumbai land parcel acquisition is part of this growth plans. This is in response to the recent strong response to its premium project in Worli. Also read: Greater Noida & Noida see reduction in unsold housing stocks Haryana government to sell rented, leased properties

Next Story
Real Estate

Gujarat Struggles to Curb Illegal Constructions in Ahmedabad

The Gujarat Regulation of Unauthorised Development Act, 2022, presents a contradiction. While it ostensibly seeks to curb unauthorised development, it simultaneously legalises such constructions upon payment of a fee. Despite being introduced initially in the early 2000s, then again in 2011, and most recently enacted in 2022, the legislation has failed to halt the rise of illegal constructions or unapproved extensions to residential and commercial properties. The Ahmedabad Municipal Corporation's (AMC) practice of demolishing certain structures while regularising others for a fee has weakened..

Next Story
Real Estate

DTCP Issues Notices for Building Code Violations in Gurugram's DLF

Following a recent survey that identified illegal construction and unauthorized commercial activities at 4,183 properties in DLF Phases 1 to 5, the Department of Town and Country Planning (DTCP) informed the Punjab and Haryana High Court about the issuance of notices to property owners. DTCP indicated that 1,138 notices had already been served to homeowners in DLF Phase 3, with additional notices to be issued soon. Property owners have until January 31 to revert to the approved building designs and cease all illegal commercial operations. Failure to comply would result in demolition and seali..

Next Story
Infrastructure Urban

Gujarat HC Removes GST on Industrial Leases to Encourage Investment

The recent ruling is set to streamline transactions and potentially encourage increased investments in India’s industrial and commercial leasing sectors. The judgment addressed whether transferring leasehold rights for Gujarat Industrial Development Corporation (GIDC) plots constitutes a ‘supply’ under the GST Act. The court determined that these transactions involve the transfer of immovable property rather than a service, thereby placing them outside the purview of GST. This decision offers significant relief to industries such as manufacturing, logistics, and warehousing, where long..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000