Birla Estates Acquires 24.5 Acres in Kalwa from Hindalco for Rs 537 Crore

Birla Estates, a part of the Aditya Birla Group, has finalized a significant real estate acquisition in Thane’s Kalwa locality. The group has purchased a 24.5-acre land parcel from Hindalco Industries for over Rs 537 crore. This transaction was approved by Hindalco’s board in July and is part of a broader strategy by Birla Estates to expand its property portfolio.

 

The sale, which was registered on September 4, involved a stamp duty payment of Rs 37.62 crore, according to records from Propstack, a real estate data analytics firm. The deal was executed through Ekamaya Properties, a wholly owned subsidiary of Birla Estates.

 

In a related move, Century Textiles and Industries, another Aditya Birla Group entity, recently acquired ownership rights to a 10-acre leasehold land parcel in Mumbai’s prime Worli locality from Wadia Group Chairman Nusli Wadia for Rs 1,100 crore. This acquisition merges the leasehold interest with ownership rights and will also be developed by Birla Estates.

 

The Aditya Birla Group has chosen not to comment further on these transactions.