Birla Estates Launches New Real Estate Project in Bengaluru with Potential Revenue of Rs 3,000 Crore
Birla Estates Private Limited, a subsidiary of listed company Century Textiles and Industries Limited, has announced the launch of a new real estate project in the Devanahalli area of Bengaluru. The project, named Birla Trimaya, has the potential to earn a revenue of Rs 3,000 crore.
The first phase of the project offers 1, 2, and 3BHK apartments along with duplexes across eight towers. The project is located near the upcoming BIAL IT Investment Region and is expected to attract a diverse range of individuals, including high-net-worth and non-resident investors.
KT Jithendran, MD and CEO of Birla Estates, said, “After the success of Birla Alokya and Birla Tisya crossing a booking value of approximately Rs 1,000 crore in the Bengaluru market, we are delighted to launch our third project in the rapidly developing city. With the launch of Birla Trimaya Phase 1, we estimate our potential booking value at approximately Rs 500 crore.”
He added, “North Bengaluru has become one of the fastest growing business hubs with several R&D, aerospace, automobile and pharmaceutical establishments setting up operations in the area. Consequently, this has created a significant influx of skilled professionals, drawn by high-value career opportunities, who aspire to a lifestyle of opulence.”
The project is in a joint venture with Ramaiah Realty LLP. MR Seetharam, designated partner, M S Ramaiah Realty, said, “Our joint venture with Birla Estates exemplifies our dedication to providing residences that enhance the quality of living. By partnering with them we are well-positioned to extend our reach within the high-end residential real estate sector and explore new growth avenues in this sector.”
In May 2023, Birla Estates purchased a 28.6-acre land parcel in eastern Bengaluru with a potential revenue of Rs 3,000 crore.
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