Birla Estates Boisar Secures Major Land Parcel in Boisar, Maharashtra for Township Development

Birla Estates, a subsidiary of Aditya Birla Real Estate, has made a significant move in Boisar, Maharashtra, by acquiring a sprawling 70.92-acre land parcel. This acquisition, valued at INR 104.3 crore, highlights the company’s growing presence in key real estate markets.

Strategic Plans for a Township

The newly acquired land is expected to be the site of a modern township project. Boisar, located in Palghar district approximately 100 kilometers from Mumbai, is witnessing rapid infrastructural development. Among the transformative projects is the 508-km Mumbai-Ahmedabad bullet train route, which will pass through Boisar, further enhancing its connectivity and appeal.

Track Record of Key Acquisitions

This acquisition follows a series of strategic land purchases by Birla Estates. In September, the company secured a 24.5-acre land parcel in Thane's Kalwa locality from Hindalco Industries through Ekamaya Properties, a wholly owned subsidiary. Earlier, it acquired a prime 10-acre leasehold land parcel in Worli, Mumbai, from Wadia Group Chairman Nusli Wadia for a substantial INR 1,100 crore.

Spotlight on Boisar’s Potential

Boisar is emerging as a hotspot for real estate investments due to its expanding infrastructure and strategic location. The township project by Birla Estates could redefine the region’s urban landscape, providing a blend of modern living spaces and superior connectivity.

Highlights

• Acquisition Size: 70.92 acres in Boisar, Maharashtra.
• Transaction Value: INR 104.3 crore.
• Location: Boisar in Palghar district, 100 km from Mumbai.
• Upcoming Connectivity: Mumbai-Ahmedabad bullet train will pass through Boisar.
• Previous Acquisitions:
  • 24.5-acre land in Kalwa, Thane.
  • 10-acre leasehold land in Worli, Mumbai, for INR 1,100 crore.
• Planned Development: Township project to leverage Boisar’s infrastructural growth.

This landmark acquisition cements Birla Estates’ commitment to shaping the future of real estate in Maharashtra. The upcoming township in Boisar is set to capitalize on the area’s potential, aligning with the company’s vision for innovative urban development.

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