Birla Estates Enters the Pune Property Market by Acquiring Land in Sangamwadi
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- 9th Apr 2023
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Birla Estates Acquires Land in Sangamwadi, Pune
Birla Estates, the real estate division of the Aditya Birla Group and a subsidiary of Century Textiles and Industries, has entered the Pune residential real estate market by purchasing 5.76 acres of land in Sangamwadi, Pune's central business district.
On the land parcel acquired from Sudarshan Chemical Industries, the corporation intends to build a luxury residential community (SCIL). It has an estimated revenue potential of approximately 2,500 crores and a total development potential of over 1.5 million square feet.
"After establishing itself in the MMR (Mumbai Metropolitan Region), Bengaluru, and NCR (National Capital Region) markets, Birla Estates is embarking on a thrilling new phase with its expansion into Pune. Pune is one of the largest residential markets in the nation, and this land with high revenue potential is situated in the city's core"
According to him, entering the Pune real estate market is essential to the company's development strategy and aspiration to become one of India's leading real estate developers.
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