Live Breaking News & Updates on Nnounced Its Acquisition Ofa 10 Acre Land Parcel At Raja Rajeshwari Nagar

Bengaluru (Karnataka) [India], September 28 (ANI/BusinessWire India): Birla Estates Pvt. Limited, a 100 per cent wholly owned subsidiary and the real estate arm of Century Textiles and Industries Limited (CTIL), announced its acquisition of a 10-acre land parcel at Raja Rajeshwari Nagar, South Bengaluru. The project has a development potential of 1 Mn sq. ft. with a revenue potential of Rs 900 Crores. The land parcel is located in a well-developed neighbourhood that is easily accessible from the Outer Ring Road as well as the 10-lane Bengaluru-Mysore Highway. It is one of the largest land parcels available for vertical development in the vicinity, dominated by plots and individual houses and Birla Estates plans to launch a premium residential development. This is in line with other land parcels developed by Birla Estates across the company's key markets. Commenting on the company's new project, K.T Jithendran, CEO, Birla Estates said, "We are delighted to announce our four ....

Raja Rajeshwari Nagar , Birla Tisya , Industries Limited , National Capital Region , Businesswire India , Birla Estates , Century Textiles , Outer Ring Road , Raja Rajeshwari , Mumbai Metropolitan Region , Bengaluru Karnataka India , Eptember 28 Ani Businesswire India Birla Estates Pvt Limited , A 100 Per Cent Wholly Owned Subsidiary And The Real Estate Arm Of Century Textiles Industries Limited Ctil , Nnounced Its Acquisition Ofa 10 Acre Land Parcel At Raja Rajeshwari Nagar , Outh Bengaluru The Project Hasa Development Potential Of 1 Mn Sq Ft Witha Revenue Rs 900 Crores Land Parcel Is Located Ina Well Developed Neighbourhood That Easily Accessible From Outer Ring Road As 10 Lane Mysore Highway It One Largest Parcels Available For Vertical In Vicinity , Ominated By Plots And Individual Houses Birla Estates Plans To Launcha Premium Residential Development This Is In Line With Other Land Parcels Developed Across The Company 39s Key Markets Commenting On New Project , Kt Jithendran , Irla Estates Said , Uot We Are Delighted To Announce Our Fourth Project In Bengaluru At Raja Rajeshwari Nagar Being One Of The Largest Land Parcels This Location , T Isa Perfect Fit For Our Vision To Create Lifedesignedc Urban Premium Options Residents Of South Bengaluru This Outright Acquisition Is In Line With Aggressive Expansion Plans Across Key Markets , Une And Ncr Regions Quot To Date , Irla Estates Has Launched Two Projects In Bengaluru Birla Alokya At Whitefield And Tisya Rajajinagar The Third Project , Nnounced In Early 2022 Is An Integrated Mini Township Project North Bengaluru Both The Projects Are Expected To Be Launched Next Financial Year Currently , Irla Estates Has Five Ongoing Residential Developments Spread Across The Mumbai Metropolitan Region Mmr , Nd The National Capital Region Ncr With New Projects Planned In Each Of These Markets This Story Is Provided By Businesswire India Ani Will Not Be Responsible Any Way For Content Article ,