Birla Estates Strikes A Deal For 52-Acre Property Plot in North Bengaluru

Birla Estates, the real estate arm of Century Textiles and Industries (CTIL), has entered into a deal to jointly develop a magnificent 52-acre land block in North Bengaluru with MS Ramaiah Realty LLP.

The project has a revenue potential of Rs 3000 cr and development potential 4.0 million sq-ft and will feature both high and low-rise residential complexes, along with retail and commercial aspects. 

MR Seetharam, designated partner, MS Ramaiah Realty, stated, “It has been a wonderful honour for us to join with Birla Estates for a high-end residential township. Together, we will provide world class living space.”

Currently, Birla Estates has two projects in Bengaluru, Birla Alokya in Whitefield, a villament project offering villa like elegance with the vitality of apartment neighbourhoods and Birla Tisya, a premium residential project in Rajajinagar. 

Birla Estates would adopt a capital efficient, asset light approach to seek joint venture, preferably in Mumbai, MMR, Pune, Bengaluru and NCR – which account for about 70 percent of the pan India residential market – and grow one of the biggest real estate development brands in India further.