Birla Estates launches Bengaluru Real Estate Project
15 Sep 2023
2 Min Read
CW Team
On September 12, Birla Estates, a subsidiary of Century Textiles and Industries, a publicly traded company, unveiled plans for a lucrative real estate venture in the Devanahalli region of Bengaluru. The real estate firm disclosed this information in an official statement, asserting that the project has the potential to generate revenue of Rs 30 billion.
The initial phase of the project, named Birla Trimaya, has been officially launched, offering a range of 1, 2, and 3BHK apartments as well as duplex units within eight towers. Positioned in proximity to the forthcoming BIAL IT Investment Region, the development is expected to draw a diverse array of investors, including high-net-worth individuals and non-resident investors, as highlighted in the company's statement.
KT Jithendran, the Managing Director and CEO of Birla Estates, expressed his enthusiasm about the project, stating, "Following the remarkable success of Birla Alokya and Birla Tisya, which collectively secured bookings valued at approximately Rs 10 billion in the Bengaluru market, we are thrilled to introduce our third project in this rapidly evolving city. With the launch of Birla Trimaya Phase 1, we anticipate potential bookings reaching approximately Rs 5 billion."
He further elaborated, "North Bengaluru has emerged as one of the fastest-growing business hubs, attracting numerous R&D, aerospace, automobile, and pharmaceutical enterprises. Consequently, this has led to a substantial influx of skilled professionals pursuing high-value career opportunities, all of whom aspire to enjoy a luxurious lifestyle."
According to the company, this project is a joint venture in collaboration with Ramaiah Realty LLP. MR Seetharam, designated partner at M S Ramaiah Realty, emphasised the commitment to delivering residences that enhance the quality of life, stating, "Our partnership with Birla Estates underscores our dedication to elevating the standard of residential living. Through this collaboration, we are well-positioned to expand our presence in the high-end residential real estate sector and explore new avenues for growth in this domain."
In May 2023, Birla Estates acquired a 28.6-acre land parcel in eastern Bengaluru, projecting a potential revenue of Rs 30 billion from this strategic investment
On September 12, Birla Estates, a subsidiary of Century Textiles and Industries, a publicly traded company, unveiled plans for a lucrative real estate venture in the Devanahalli region of Bengaluru. The real estate firm disclosed this information in an official statement, asserting that the project has the potential to generate revenue of Rs 30 billion.
The initial phase of the project, named Birla Trimaya, has been officially launched, offering a range of 1, 2, and 3BHK apartments as well as duplex units within eight towers. Positioned in proximity to the forthcoming BIAL IT Investment Region, the development is expected to draw a diverse array of investors, including high-net-worth individuals and non-resident investors, as highlighted in the company's statement.
KT Jithendran, the Managing Director and CEO of Birla Estates, expressed his enthusiasm about the project, stating, Following the remarkable success of Birla Alokya and Birla Tisya, which collectively secured bookings valued at approximately Rs 10 billion in the Bengaluru market, we are thrilled to introduce our third project in this rapidly evolving city. With the launch of Birla Trimaya Phase 1, we anticipate potential bookings reaching approximately Rs 5 billion.
He further elaborated, North Bengaluru has emerged as one of the fastest-growing business hubs, attracting numerous R&D, aerospace, automobile, and pharmaceutical enterprises. Consequently, this has led to a substantial influx of skilled professionals pursuing high-value career opportunities, all of whom aspire to enjoy a luxurious lifestyle.
According to the company, this project is a joint venture in collaboration with Ramaiah Realty LLP. MR Seetharam, designated partner at M S Ramaiah Realty, emphasised the commitment to delivering residences that enhance the quality of life, stating, Our partnership with Birla Estates underscores our dedication to elevating the standard of residential living. Through this collaboration, we are well-positioned to expand our presence in the high-end residential real estate sector and explore new avenues for growth in this domain.
In May 2023, Birla Estates acquired a 28.6-acre land parcel in eastern Bengaluru, projecting a potential revenue of Rs 30 billion from this strategic investment
Next Story
We鈥檙e building robots that flow, not just move
Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company鈥檚 origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why 鈥楩lo鈥� and not 鈥楩low鈥�?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, 鈥榤obility鈥� naturally became part of the name. We wanted to co..
Next Story
We鈥檙e committed to setting benchmarks in sustainable luxury living
From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned庐 philosophy. K T Jithendran, Managing Director & CEO, outlines the company鈥檚 premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..
Next Story
Mumbai鈥檚 land crunch and ageing homes call for structured renewal
Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai鈥檚 urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..
