Birla Estates Expands Pune Presence with 16.5 Acre Land Acquisition in Manjri
Pune, 24 June, 2024: Birla Estates Pvt. Ltd., a fully owned subsidiary of Century Textiles and Industries Limited and the real estate arm of the Aditya Birla Group, is set to expand its footprint in Pune with the acquisition of a 16.5-acre land parcel in Manjri. This development is projected to generate revenue potential of INR 2,500 crore, with approximately 32 lakh square feet of residential housing.
The project, part of an Integrated Township, will offer a variety of residential units and configurations. Located in the rapidly emerging Manjri micro-market, the development is strategically situated on the Pune-Solapur Highway, providing seamless connectivity to major IT hubs such as Kharadi, Magarpatta, and Phursungi, as well as the Hadapsar MIDC.
K. T. Jithendran, MD & CEO of Birla Estates, commented on this acquisition, stating, “Pune is a strategic market for us, and this acquisition aligns with our ambitious growth plans. The Pune-Solapur corridor is transforming rapidly, and we aim to enhance living standards in Manjri by delivering meticulously designed homes that seamlessly integrate contemporary architecture with thoughtfully chosen amenities.”
The project boasts excellent connectivity to educational institutions, healthcare facilities, and shopping centers, making it a lucrative investment opportunity. Additionally, the area is poised for substantial growth due to its proximity to the Pune Ring Road.
