your password has been reset successfully, Please login again.

Birla Estates Prepares for an Aggressive Expansion in the Realty Sector

Birla Estates, the real estate firm, aims to accelerate the company in the Indian realty sector.
BY BEx Bureau
BusinessEx
Mar 27, 2019

Birla Estates, the real estate firm, aims to accelerate the company in the Indian realty sector. Banking on the strong land bank in its possession and expecting consolidation of the realty sector triggered by regulatory and macroeconomic reforms, Birla Estates is looking to aggressively pursue realty development to emerge among the top three real estate companies in India, said the top executive of Birla Estates to the Indian daily news.

Birla Estates, a subsidiary of BK Birla Group, CTIL (Century Textiles and Industries), possesses almost 200 acres in Mumbai, Bengaluru and Pune. The realty firm will employ a light, capital effectual model to obtain joint venture deals and grow the company, as reported by the Indian daily news.

Our initial focus is to create a strong brand in real estate through the development of premium and higher mid-income residential housing in identified land parcel owned by the group as well as through joint ventures with landowners," said KT Jithendran, Chief Executive at Birla Estates.

Birla Estates, the realty development company plans for a wide expansion of its current bank. For the decided expansion, the company is endowing money up to INR 2,000 to 2,500 crore for growing the procured parcels, said KT Jithedran. He further added the firm anticipates to develop the bank entirely in a span of ten years.

Please add your Comment
SIMILAR News
April 22, 2020
In unfavourable conditions, Indian companies are taking panicked decisions and opting for bridge rou ...More
By Jaspreet Kaur
April 04, 2020
Aavishkaar has wholly exited from Sara Plast, which is a portable sanitation services company ...More
By Jaspreet Kaur
March 10, 2020
The startup essentially concentrates on hosting online events; its funding round was led by Accel In ...More
By Jaspreet Kaur
March 07, 2020
Singularity Automation is concentrated on firms working in the shared accommodation industry to hand ...More
By Jaspreet Kaur
February 28, 2020
MinionLabs essentially gives real-time understanding of energy consumption in electric appliances ...More
By Jaspreet Kaur
February 18, 2020
JSW Energy has got into a share procurement concord with GMR Energy Ltd to buy 100 per cent share in ...More
By Jaspreet Kaur
February 17, 2020
The Bengaluru-based company, NestAway Technologies Pvt. Ltd has bought apartment management and sec ...More
By Jaspreet Kaur
February 01, 2020
As per the agreement, Indiabulls will offer its share to t Embassy's stakeholders considering a swap ...More
By Jaspreet Kaur
January 27, 2020
As per the concord, the Germany-based company will buy nearly 99 per cent of the equity share capita ...More
By Jaspreet Kaur
January 25, 2020
The Noida-based payment solutions firm, Pine Labs Pvt. Ltd has secured undisclosed funding from the ...More
By Jaspreet Kaur
January 24, 2020
Jaipuria Group-backed PepsiCo bottler has lately invested INR 10 crore in pre-Series A funding round ...More
By Jaspreet Kaur
January 23, 2020
It is the second transaction between Subash Chandra-led Essel Group and Adani Group; The deal happen ...More
By Jaspreet Kaur