The Aditya Birla Real Estate acquires 71 acre land parcel near Mumbai for over Rs 104 crore

According to a company filing on stock exchanges on December 17, Aditya Birla Real Estate (formerly Century Textiles) has acquired a 70.92 acre land parcel in Boisar, near Mumbai, for Rs 104.3 crore. Boisar is the largest industrial suburb in the Mumbai Metropolitan Region, falling under the Palghar district of Maharashtra.

It is learnt that in the year 2024, AB Real Eatate has been acquiring land parcels in and around Mumbai with the sole purpose to ramp up project launches. In September, they purchased a 24.5-acre land near Mumbai from Hindalco for a sum of Rs 537 crore, and in June, the company had bought 16.5 acre land in Pune for a Rs 2,500 crore housing project

During the July-September quarter, AB Real Estate acquired ownership rights of 10 acres of land parcel in Mumbai's prime area of Worli, with a GDV of Rs 14,000 crore, along with a 5-acre land parcel in Gurugram with a GDV of Rs 1,400 crore.

Source: Moneycontrol