Birla Estates, the real estate arm of Century Textiles and Industries (CTIL), has entered into an agreement to jointly develop a prime 52-acre land parcel in North Bengaluru, Karnataka with M S Ramaiah Realty.
The project has a revenue potential of Rs 3,000 crore and development potential four million sq ft and will comprise both high and low-rise residential developments, along with retail and commercial elements.
It will be an integrated mini township project with large green spaces, lifestyle amenities and curated homes.
At present, Birla Estates has two projects in Bengaluru, Birla Alokya at Whitefield, a villament project offering villa like luxury with the vibrancy of apartment neighbourhoods and Birla Tisya, a luxury residential project in Rajajinagar.