Century Textiles acquires 10 acres land in Mumbai's Worli for Rs 11 Bn
ECONOMY & POLICY

Century Textiles acquires 10 acres land in Mumbai's Worli for Rs 11 Bn

Century Textiles and Industries (CTIL) has acquired the ownership rights of a 10-acre leasehold land parcel for Rs 11 billion in Worli, Mumbai from Nusli Wadia.

With this transaction, the existing leasehold interest of CTIL is merged with the ownership rights. This land will be developed through its wholly owned subsidiary, Birla Estates and adds an approximate booking value potential of Rs 140 billion to the company.

This acquisition also paves the way for 30-acre landholding in this area, with an overall booking value potential of approximately Rs 280 billion, the company claimed.

Century Textiles and Industries (CTIL) has acquired the ownership rights of a 10-acre leasehold land parcel for Rs 11 billion in Worli, Mumbai from Nusli Wadia. With this transaction, the existing leasehold interest of CTIL is merged with the ownership rights. This land will be developed through its wholly owned subsidiary, Birla Estates and adds an approximate booking value potential of Rs 140 billion to the company. This acquisition also paves the way for 30-acre landholding in this area, with an overall booking value potential of approximately Rs 280 billion, the company claimed.

Next Story
Real Estate

We are executing data-centre projects in MMR region: Paradigm Realty

Certain areas of Mumbai showcase tremendous opportunity for redevelopment, as Parthh K Mehta, CMD, , explains. He speaks about his company’s plans for this region, adherence to quality, use of technology and its strategies and plans for data centres and further expansion going forward. Excerpts:According to a Knight Frank India report, there's been a noteworthy rise in property registrations in Central and South Mumbai and Bandra and Worli showcase the opportunity for redevelopment. Does the group have any plans for this region? We recognise that Mumbai as a city is continuall..

Next Story
Real Estate

Windows to world

India’s current crop of tall and super tall buildings has an advantage over predecessors: openable windows. Codal provisions and ensuing market developments are behind this change. “Until a decade or so ago, we lacked designs and products enabling openable windows for glass façades,” explains Rajan Govind, Director, Facade+Construction Tech Specialist, BES Consultants. “It is only more recently that the National Building Code 2016 has released detailed façade requirements, which make openable windows mandatory.”The National Building Code 2016 mandates 10 per cent openable..

Next Story
Real Estate

New Terminal Building – Kolhapur Airport

On 10 March 2024, Prime Minister Narendra Modi officially inaugurated the new terminal building at Kolhapur Airport. The terminal is part of a broader development initiative valued at about Rs 2.56 billion, which includes the construction of the terminal, runway extensions, new apron and parking bays. Designed by Gian P Mathur Architects & Planners (GPM), the terminal's architecture draws inspiration from Kolhapur’s heritage and has earned a four-star GRIHA rating.Design and featuresDiscussing the design brief, Anil Shinde, Kolhapur Airport Director, Airports Authority of India (AAI), sa..

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