Birla Estates rolls out Phase 1 of Birla Trimaya

Birla Estates Private Limited, the real estate arm of the Aditya Birla Group, has launched Phase 1 of Birla Trimaya, Devanahalli. 

The initial phase has quickly gained the interest of homebuyers and investors. Additionally, the project is expected to have a revenue potential of approximately Rs 3,000 crore for the entire project, the company said in a statement.

 “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. North Bengaluru has become one of the fastest growing business hubs with several R&D, aerospace, automobiles 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,” said KT Jithendran, MD & CEO of Birla Estates.

Birla Trimaya will include a range of one, two, and three BHK apartments and luxurious duplexes across eight towers. The company claims that the project is strategically located near the upcoming BIAL IT Investment Region. 

MR Seetharam, designated partner of MS Ramaiah Realty LLP 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.” 

Birla Estates Private Limited, a 100 per cent wholly owned subsidiary of Century Textiles and Industries Limited is the real estate venture of the Aditya Birla Group. The company is developing land parcels both through outright purchases as well as asset light Joint Ventures apart from developing its own land parcels. In the long term, the company is focused on developing world class residential, commercial and mixed use properties and aims to be amongst the top real estate companies in India.

The company is headquartered at Mumbai and currently has regional offices in NCR and Bengaluru and also has a well- established commercial portfolio with two grade-A commercial buildings located in Worli, Mumbai with approximately 6 lakh square feet of leasable area. 

The stocks of Century Textiles settled 0.09 per cent lower at Rs 1,085 per share, when the market closed on Monday, September 25, according to BSE.