Birla Estates Acquires 24.5 Acres in Mumbai

Birla Estates, the real estate arm of the Aditya Birla Group, has secured a substantial land acquisition in the Mumbai Metropolitan Region (MMR), purchasing approximately 24.5 acres for ₹537.42 crore. The transaction, completed in September 2024, underscores the group’s strategic expansion in the burgeoning Mumbai real estate market.

The land, situated in Kalwa along the Thane-Belapur Road, was acquired from Hindalco Industries Limited. The deal, facilitated through Ekamaya Property Pvt Ltd—a wholly-owned subsidiary of Birla Estates—was finalised with a stamp duty of ₹37.61 crore and a nominal registration fee of ₹30,000, according to real estate consultancy Square Yards.

This acquisition is part of Birla Estates’ broader strategy to bolster its presence in the Mumbai real estate sector. The company plans to develop a mixed-use project on the newly acquired plot, reflecting a growing trend among developers to integrate residential, commercial, and recreational facilities into single developments. The acquisition of this prime land parcel highlights the Aditya Birla Group’s ongoing commitment to expanding its real estate footprint. This move follows Birla Estates’ earlier land purchases, including a recent deal with Hindalco Industries, further solidifying its position in the market.

The Mumbai Metropolitan Region, known for its vibrant real estate activity, presents a lucrative opportunity for large-scale developments. By acquiring this strategic location, Birla Estates aims to leverage the area’s growth potential, contributing to the evolving landscape of Mumbai’s urban development. In summary, Birla Estates’ latest acquisition not only demonstrates its aggressive expansion strategy but also marks a significant investment in Mumbai’s real estate sector, promising to enhance the group’s portfolio with a high-value, strategically positioned asset.