Latest Breaking News On - Birla vanya - Page 2 : comparemela.com
Tycoons Residency in Kalyan West, Thane: Price, Brochure, Floor Plan, Reviews
magicbricks.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from magicbricks.com Daily Mail and Mail on Sunday newspapers.
New Nityanand Chhaya CHS in Kalyan West, Thane: Price, Brochure, Floor Plan, Reviews
magicbricks.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from magicbricks.com Daily Mail and Mail on Sunday newspapers.
Tulsi Puja in Kalyan West, Thane: Price, Brochure, Floor Plan, Reviews
magicbricks.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from magicbricks.com Daily Mail and Mail on Sunday newspapers.
Birla Estates to launch Worli project by October
SECTIONS
Last Updated: May 26, 2021, 04:02 PM IST
Share
Synopsis
Sitting on a large land bank in Mumbai, Delhi and Pune already, the group is betting big on the realty space and has lined up Rs 1,000 crore in capex this fiscal, and plans to be among the top five developers over the next three-five years with annual sales of around Rs 7,000 crore.
Agencies
A second project will come up in the Whitefield area on 8 acres and will have a revenue potential of Rs 400 crore.
Birla Estates, the realty arm of AV Birla Group s
Century Textiles, will be launching a super premium project at Worli in the megapolis that will have a revenue potential north of Rs 10,000 crore, according to a top company official.
Century Textiles & Industries, which runs three business verticals paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing and upcoming projects, including the super premium Worli project. At this level, the capex is nine times the other two businesses are getting, a top official of the AV Birla Group firm has said. Birla Estates was launched as the real estate business vertical of Century Textiles in 2016, and has large land bank cushioning the price impact thus making it more attractive considering the massive cost of land in the cities it is focusing on Mumbai and its suburbs, Delhi-NCR, Bengaluru and Pune.