Birla Estates Pvt Ltd, a wholly-owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, on May 2 announced record sales of its tower Silas at Birla Niyaara that clocked Rs 2,500 crore at launch.
According to the company, this has propelled Birla Niyaara’s cumulative sales thus far to over Rs 5,400 crore. Silas at Birla Niyaara features 148 4BHK-5BHK palatial residences, continuing the legacy of luxury set by the first tower, the company said in the statement.
“Silas at Birla Niyaara will set new standards for luxury living in Mumbai. With its exquisite design and premium amenities, it promises residents an unparalleled lifestyle experience. Additionally, being India's first LEED pre-certified platinum residential project underscores our commitment to sustainability in real estate development," K. T. Jithendran, MD & CEO at Birla Estates said.
“Today's luxury homebuyers seek privacy, exclusivity, and unique experiences. At Birla Estates, our commitment extends beyond luxury to embrace a vision of residences that not only epitomize opulence but also champion a greener, more sustainable tomorrow," he added.
The company had in second half of FY24 announced that it has a project pipeline worth Rs 45,000 crore in gross development value (GDV).
Also read: Birla Estates has a project pipeline with a gross development value of Rs 45,000 crore: CEO
"We have a very strong pipeline of about Rs 45,000 crore of GDV. We are looking at adding another Rs 10,000 crore this year, maybe another Rs 20,000 crore next year," Jithendran had said last year.
Meanwhile, the company in April 2023 announced the acquisition of a land parcel for a luxury residential project in the Walkeshwar area of Malabar Hill in South Mumbai. The super-luxury residences at Walkeshwar hold a revenue potential of over Rs 600 crore, the company had said in April.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
