Latest News | Birla Estates Forms JV with Barmalt to Develop Rs 5,000 Cr Luxury Housing Proj in Gurugram
Get latest articles and stories on Latest News at LatestLY. Realty firm Birla Estates has partnered with Barmalt India to develop a luxury housing project in Gurugram with an estimated revenue of Rs 5,000 crore.
New Delhi, Jun 5 (PTI) Realty firm Birla Estates has partnered with Barmalt India to develop a luxury housing project in Gurugram with an estimated revenue of Rs 5,000 crore.
Birla Estate is the real estate venture of the Aditya Birla Group and a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd.
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In a regulatory filing, Century Textiles and Industries said it has entered into a joint venture with Barmalt India Pvt Ltd for a luxury residential group housing development in Sector 31, Gurugram.
The land parcel is spread across 13.27 acres with a development potential of approximately 2.4 million square feet, offering a revenue potential of approximately Rs 5,000 crore, it added.
K T Jithendran, MD & CEO of Birla Estates, said, "As we expand our footprint in the Delhi-NCR region, we are pleased to announce the addition of this new project in one of Gurugram's most promising micro market".
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)