worli real estate: Birla Estates says sold apartments worth Rs 1,000 cr at project in Mumbai’s Worli

Birla Estates, a wholly owned subsidiary and real estate arm of Century Textiles and Industries Limited (CTIL), has booked apartments worth Rs 1,000 crore in its recently launched 14-acre integrated development in Worli, central Mumbai.

Century Textiles said in a regulatory filing that the company has so far sold a total of 150 apartments in the first phase of the proposed development.

Birla Estates is planning to develop this 3.6 million sq ft integrated project in phases as part of the proposed development of its total 30-acre land parcel.

Out of the total proposed development in 14 acres, 2.5 million square feet will be residential, 10 lakh square feet office and about 1 lakh square feet retail development. The entire project including the residential component will be developed by December 2030.

At present, Birla Estates has five residential developments spread across the Mumbai Metropolitan Region (MMR), Bengaluru and the National Capital Region (NCR); And the company is looking to launch new projects in each of these markets.

Originally published at Pen 18