Birla Estates Secures Prime 5 Acre Land Parcel in Sector 71, Gurugram

Birla Estates Pvt. Ltd., a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, is all set to expand its footprint in NCR region with a strategic land acquisition in Sector 71, Gurugram. This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over INR 1400+ crore with aesthetically designed residences.

Redefining the Gurugram skyline, the luxury high-rise residential towers will be complemented by elegantly designed clubhouse amenities and landscape. Situated on Southern Peripheral Road (SPR) Road in Sector 71, this prime location offers exceptional connectivity to Delhi and other parts of Gurugram via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road along with proximity to top educational institutions, hospitals, as well as F&B, retail, and commercial centers.

Commenting on this latest expansion, Mr. K. T. Jithendran, MD & CEO at Birla Estates said, "Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region. With this acquisition, we aim to cater to homebuyers seeking exclusivity and distinctive living experiences. At Birla Estates, our commitment transcends luxury; our ethos is to embrace a vision of residences that embody a legacy of dedication and excellence."

Birla Estates is rapidly expanding in NCR market with this new acquisition adding to its projects in Golf course extension road and Sector 31 in Gurugram and Mathura Road in Delhi.

Shares of Century Textiles & Industries Limited was last trading in BSE at Rs. 2141.25 as compared to the previous close of Rs. 2184.20. The total number of shares traded during the day was 6012 in over 1371 trades.

The stock hit an intraday high of Rs. 2215.55 and intraday low of 2130.00. The net turnover during the day was Rs. 13012417.00.

Source : Equity Bulls

Keywords

CenturyTextilesandIndustries INE055A01016 BirlaEstates LandParcel Acquisition Sector71 Gurugram