Birla Estates Announces First Redevelopment Project in Mumbai with a Luxury Residential Development in Khar (W)
Mumbai, March 27, 2026: Birla Estates Private Limited (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced its entry into the redevelopment market with its first project in Mumbai Metropolitan Region (MMR). The project, a redevelopment of Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, Mumbai, is being developed in a joint arrangement with Parinee Real Estate Builders.The project has a saleable area of 2.9 lakh sq.ft and an estimated revenue potential of INR 1,700 crore. The development will feature luxury residential apartments.
“Mumbai's redevelopment cycle presents a significant growth opportunity in a structurally land-constrained market," said Ananya Birla, Director, Aditya Birla Group. "At Birla Estates, our entry into this segment is a natural extension of our growth strategy."
K.T. Jithendran, MD & CEO, Birla Estates, stated: "Our entry into redevelopment marks a significant milestone in Birla Estates' growth journey and reflects our commitment to creating enduring value."
The site is strategically located near the planned Khar Metro Station (0.6 km), Khar Railway Station (1.3 km), and Mumbai International Airport (8.5 km).
This redevelopment marks a key addition to Birla Estates' expanding portfolio, supported by the Aditya Birla Group’s brand heritage and the company’s focus on design and execution excellence.
About Birla Estates
Birla Estates Private Limited is a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited). Birla Estates develops premium residential housing in key markets. The company is headquartered at Mumbai and has regional offices in NCR, Bengaluru and Pune.About Parinee Group
Parinee Group is a Mumbai-based real estate developer with a legacy of over six decades. The Group is led by Mr. Vipul Shah, Mr. Dhaval Shah and Mr. Jainil Shah.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.