Birla Estates, the real estate arm of Century Textiles and Industries Limited, will jointly develop a 52-acre land parcel in North Bengaluru with M S Ramaiah Realty LLP. The project has a revenue potential of ₹3000 crore and development potential of 4.0 mn sq. ft. housing both high and low-rise residential developments, along with retail and commercial elements. CEO, Birla Estates, KT Jithendran, informed that the location offers a lucrative real estate market opportunity for employment, excellent connectivity and a variety of housing amenities across various segments. Bengaluru is a focus market for Birla Estates and the company is all set to announce its 3rd project shortly.
The property is situated in North Bengaluru, which is the fastest-growing corridor and is in close proximity to Kempegowda International Airport and at a 2 km distance from the proposed Airport Metro Station for seamless connectivity into the city.