Birla Estates Acquires Prime Land in Mumbai for Major Development

Birla Estates, a subsidiary of the Aditya Birla Group, has purchased 24.5 acres of land in the Mumbai Metropolitan Region (MMR) for Rs 537.42 crore. The land is located at Kalwa along the Thane-Belapur Road and will be developed into a mixed-use project.

Birla Estates, the real estate arm of the Aditya Birla Group, has completed the acquisition of 24.5 acres of prime land in the Mumbai Metropolitan Region (MMR) for a sum of Rs 537.42 crore, as per real estate consultant Square Yards.

Situated at Kalwa on the Thane-Belapur Road, the plot was purchased by Ekamaya Property Pvt Ltd, a subsidiary of Birla Estates Private Limited. The transaction, concluded in September 2024, included a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000.

This acquisition from Hindalco Industries Limited will see Birla Estates Private Limited developing a mixed-use project on the land. The company, which is also a subsidiary of Century Textiles and Industries Limited, had earlier announced the purchase this month.

(With inputs from agencies.)