BUSINESS
The acquisition marks significant real estate expansions for Birla Estates in key locations
Birla Estates, a real estate arm of the Aditya Birla Group, has purchased around 24.5 acres of land from Hindalco Industries in the Mumbai Metropolitan Region (MMR) for Rs 537.42 crore. According to a report by PTI, which cited real estate consultant Square Yards, the land is located in Kalwa, along the Thane-Belapur Road in Mumbai. The land was bought by Ekamaya Property Pvt Ltd, a wholly-owned subsidiary of Birla Estates.
The registration documents reveal that Ekamaya Property Pvt Ltd acquired the 99,021.47 square metre plot. The deal, finalised in September 2024, also involved a stamp duty payment of Rs 37.61 crore and a registration fee of Rs 30,000.
According to reports, Hindalco Industries confirmed the sale in a regulatory filing on September 5, 2024. The company had earlier announced its board’s approval for the land sale on July 15, 2024. Hindalco added that the definitive agreements for the sale were signed and registered on September 4, 2024.
In addition to this purchase, earlier this month, Birla Estates also acquired 10 acres of leasehold land in Worli, Mumbai, from Nusli Wadia for Rs 1,100 crore.
Both acquisitions mark significant real estate expansions for Birla Estates in key locations across Mumbai.
Stark Visas: The Best Immigration Consultant in Delhi Sets Immigration Dreams High in Ahmedabad
KREEVA targets top 1% elite for its ultra-luxury homes in Delhi-NCR’s prime locations
Tata Group acquires another company for over Rs 18 crore days after Noel Tata joins board
WPL 2025 Retentions: Full list of players retained and released by all 5 franchises
ED raids main vendors of Amazon, Flipkart across multiple cities, including Delhi, Mumbai due to...
Anil Ambani suffers major setback, his company banned for 3 years due to...
Meet woman, a cuddler, professional hugger, earns Rs 7400 in 1 hour, she is...
Meet teen who started working from garage, now set to make Rs 25 crore at just 16 from...
Viral video: Slum children recreate Sabyasachi bridal wear, designer reacts; WATCH
Missing Home on Chhath Puja: Yearning and significance behind Bihar’s holy festival
Ricky Ponting wants Babar Azam to follow Virat Kohli's footsteps for THIS reason
Elon Musk's net worth surges by Rs 2193295096200 in a day after...
Meet India's richest female YouTuber, left teaching job, has Rs 43 crore net worth, now works as...
This fruit is called non-vegetarian, it is...
Meet man who was India's biggest con artist, he sold Taj Mahal, Rashtrapati Bhawan, Red Fort...
Nita Ambani reveals husband Mukesh Ambani follows a strict diet, here's what he eats
'Tu jhuti woh makkar': Influencer accuses 10-year-old of groping her; narrates ordeal in viral video
Richa Chadha, Ali Fazal name their daughter, Zuneyra Ida Fazal; it means...
After returning as President, what will happen to cases against Donald Trump? Know here
25-year-old turns temple thief, steals ornaments worth Rs 78 lakh for...
Why Mahindra XUV700 is perfect for road trips and off-road adventures
Mahindra Scorpio N: A legacy of toughness with a modern twist
'Capable of loving more women': Kamal Haasan's bold take on marriage and relationships goes viral
How reaction time and speed tests can give gamers a competitive edge
This is world’s most polluted city with AQI of 1165, it’s just 409 kms away from Delhi
Blow to Gautam Adani as his company's shares fell 7% due to...
Pune Porsche crash: Father of teen driver's friend surrenders before court
Geographic and political nature of drug trafficking sea routes to India
Delhi AQI Update: Air quality turns 'severe', AQI reaches...
Mukesh Ambani's SUPERHIT new plan for Jio users, offers 100 GB of free cloud storage for just Rs...
Delhi-Mumbai expressway to slash travel time to 25 minutes: Key stretch to open on...
'Modi govt is committed to building terror-free India': Union Minister Amit Shah
Chhath Puja 2024: What is the importance of bamboo basket in Chhath Puja?
SC to deliver verdict today on plea against NCLAT order transferring Jet Airways to winning bidder
Is it time for Virat Kohli, Rohit Sharma to step down from playing Test cricket?
Chhath Puja 2024: Are banks open or closed today? Check state-wise list here
DNA TV Show: How did Donald Trump win US elections despite his several controversies?
Sunil Mittal's Airtel joins hands with Indian Army, becomes only private company to...
Shah Rukh Khan's Mannat to Amitabh Bachchan's Jalsa: 5 most expensive celebrity homes in India
IPL 2025 auction: 42-year-old England legend registers for first time, his base price is...
Stranger Things season 5 teaser reveals episode titles, release date confirmed as...
Singer Rahul Vaidya buys 3110 sq ft luxury apartment worth Rs 90000000, it is located in...
Nimrat Kaur asks Abhishek Bachchan ‘would you distract Aaradhya’, he praises Aishwarya Rai in reply
JEE Advanced 2025: Candidates now allowed to give 3 attempts, check details inside
Watch: MS Dhoni's video of playing golf with Donald Trump goes viral after US Polls