Birla Estates Buys 5 Acre Land in Gurugram Sector 71, Development potential of 1MSF

New Delhi, July 15, 2024: Birla Estates Pvt. Ltd., a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, has announced its acquisition of a 5-acre land parcel in in Sector 71, Gurugram. A press release issued by the company says that the land parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over Rs 1400+ crore with aesthetically designed residences. 

KT Jithendran, MD & CEO at Birla Estates said, “Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region. With this acquisition, we aim to cater to homebuyers seeking exclusivity and distinctive living experiences. At Birla Estates, our commitment transcends luxury; our ethos is to embrace a vision of residences that embody a legacy of dedication and excellence.”