Birla Estates acquires 5.76 acres in Pune, plans 1.5-million-sq-ft residential development.

Birla Estates, the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries, has entered the Pune residential real estate market by acquiring 5.76 acres of land in Sangamwadi, a central business district in Pune.

The company plans to develop a premium residential project on the land parcel purchased from Sudarshan Chemical Industries Ltd. (SCIL). It has a total development potential of over 1.5 million sq ft and an estimated revenue potential of around Rs. 2,500 crores.

ET