Birla Estates Acquires 24.5 Acre Land in Mumbai for Rs 537.42 Cr

New Delhi, Sep 12 (PTI) Birla Estates, the real estate venture of the Aditya Birla Group, has bought around 24.5 acre land in Mumbai Metropolitan Region (MMR) for Rs 537.42 crore, according to real estate consultant Square Yards.

The plot is located at Kalwa, along the Thane-Belapur Road.

"The registration document, reviewed by Square Yards, indicates that Ekamaya Property Pvt Ltd, a wholly-owned subsidiary of Birla Estates Private Limited, acquired the 99,021.47 square meter (~24.5 acres) land parcel," the company said in a statement.

The transaction, finalized in September 2024, involved the purchase from Hindalco Industries Limited. The deal included a stamp duty of Rs 37.61 crore and a registration fee of Rs 30,000, it added.

Earlier this month, Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, had informed that it has acquired land from Hindalco Industries Limited. The company would develop a mixed use project on this plot.