Birla Estates, Barmalt India in JV to Develop Over 13 acre Land Parcel for a Luxury Residential Project in Gurugram

Gurugram, June 5, 2024: Birla Estates Pvt Ltd, the real estate venture of the Aditya Birla Group and a 100% wholly owned subsidiary of Century Textiles and Industries Limited, has entered into a joint venture with Barmalt India Pvt Ltd. for a luxury residential group housing development in Sector 31, Gurugram. The land parcel is spread across 13.27 acres with a development potential of approx. 2.4 million square feet offering a revenue potential of approx. Rs 5000 crore, says a press release issued by the company. 

K. T. Jithendran, MD & CEO of Birla Estates, stated, “As we expand our footprint in the Delhi-NCR region, we’re pleased to announce the addition of this new project in one of Gurugram’ s most promising micro market. This project reflects our commitment to offering modern homebuyers world-class living spaces in strategically chosen locations, complemented by exceptional amenities. We are confident this project will set a new benchmark in the Gurugram real estate market.”

Akshi Jindal, CEO of Barmalt India Pvt Ltd said, “We are thrilled to partner with Birla Estates for this project and look forward to this association. This collaboration signifies our shared commitment to crafting exceptional living spaces that merge luxury with a purpose. Having deep roots in Gurugram, Barmalt shares a strong relationship and connection with the city. Our collective market expertise and vision will undoubtedly redefine the residential landscape in Gurugram, offering homebuyers an unparalleled lifestyle experience”