Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Birla Estates to infuse Rs 550 cr to develop township in Gurugram

Thursday, 15 Oct 2020
Share this on :
Birla Estates, a real estate arm of B K Birla Group firm, will make an investment of Rs 550 crore to develop residential township in Gurugram, Haryana. 
 
The company will develop around 700 high-end independent floors as it looks to enter the NCR realty market. 
 
The company had tied up with Delhi-based realtor Anant Raj to develop residential township over a 73 acre land parcel in Gurugram. The project is being developed under Avarna Projects, a joint venture between Birla Estates and Anant Raj. 
 
The land belongs to Anant Raj and Birla Group will pay Rs 400 crore for the land parcel apart from investing in the township development. 
 
Birla Estates is also in talks with more land owners to develop residential projects in a joint venture in NCR. 
 
The company is expecting a revenue of Rs 4,000 crore from this project and is in talks with other parties to develop more such projects in NCR. 
 
In Phase-I, the company is developing independent floors in 47 acre, and in the remaining space, it is expected to develop high-rises. It will develop 300 independent floors in the first round and then another 400. 
 
Phase-I of the 47 acre township is spread across three pockets and offers 300 units of two-, three-, and four-BHK premium floor residences.
 
With a starting price of Rs 1.36 crore, the company is expecting a revenue of Rs 2,000-2,200 crore from Phase-I. 
 
Birla Estates has projects in Bengaluru, Karnataka and Kalyan, Maharashtra.
 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services