New Delhi: According to Square Yards, Birla Estates, a real estate project by the Aditya Birla Group, has acquired approximately 24.5 acres of land in Mumbai Metropolitan Region (MMR) for Rs 537.42 crore. The location of the plot is situated in Kalwa, along the Thane-Belapur Road.
In a statement, the company mentioned that Square Yards inspected the registration document, which shows that Ekamaya Property Pvt Ltd, a fully-owned subsidiary of Birla Estates Private Limited, purchased the 99,021.47 square meter (~24.5 acres) land parcel. The deal, completed in September 2024, included the acquisition from Hindalco Industries Limited. The agreement involved a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000, as mentioned.
Earlier this month, Birla Estates Private Limited, a company that is fully owned by Century Textiles and Industries Limited, announced the acquisition of land from Hindalco Industries Limited. The company plans to create a mixed-use development on this site.
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