Birla Estates acquires 16.5 acres land in Pune, Real Estate News, ET RealEstate

June 24, 2024

NEW DELHI: Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries has acquired land parcel spread across 16.5 acres in Manjri, Pune.

The land parcel has a development potential of approximately 32 lakh sq ft and an estimated revenue potential of Rs 2,500 crore.

K. T. Jithendran, MD & CEO of the company said, “Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans.”

The company had recently incorporated a wholly-owned subsidiary Ekamaya Properties. Consequent to the incorporation, Ekamaya Properties has become a step-down wholly-owned subsidiary of Century Textiles and Industries.

  • Published On Jun 24, 2024 at 02:00 PM IST

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