Birla Estates Acquires 30.8-Acre Land in Thane for Mixed-Use Development

Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, has finalized the acquisition of a 30.8-acre land parcel in Kalwa, Thane, Maharashtra. The deal, completed through Ekamaya Properties Private Limited, was concluded on September 4, 2024, with all necessary agreements signed and registered.

The land, located on Thane-Belapur Road just 2 kilometers from Thane Station, was purchased from Hindalco Industries Limited. It offers a development potential of approximately 5.4 million square feet and is earmarked for a mixed-use project.

As the real estate arm of the Aditya Birla Group, Birla Estates plans to capitalize on the site's strategic proximity to major infrastructure, including Viviana Mall, the Eastern Express Highway, and both the Mumbai and proposed Navi Mumbai airports. This acquisition aligns with the company's strategy of expanding its portfolio in key markets through outright purchases and joint ventures, focusing on premium residential developments.

HBL