Birla Estates to invest Rs 5,500 crore to develop residential project in Mumbai

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Birla Estates, a 100% wholly-owned subsidiary and real estate arm of CTIL, will invest Rs 5,500 crore to develop a residential project-Birla Niyaara in Worli, Mumbai.

Spread across 14 acres the landscape of the project is master planned and detailed by Sasaki and Coopers Hill respectively.

K.T Jithendran, CEO, Birla Estates, said, “The entire project has been underpinned on sound principles of sustainable living which also cater to the evolving consumer needs. As a company our focus has always been on customer centricity, design, technology, and execution excellence and with these at the core we have curated an aspirational and urban lifestyle for our customers.”

The company plans to develop overall 30 acres of land parcels in phases as integrated development with a potential booking value of Rs 20,000 crore.