Birla Estates says sold apartments worth Rs 1,000 cr at project in Mumbai's Worli

Birla Estates, a wholly-owned subsidiary and the real estate arm of Century Textiles and Industries Limited (CTIL), has clocked bookings for apartments worth Rs 1,000 crore at its recently launched 14-acre integrated development at Worli in Central Mumbai.

The company has sold a total 150 apartments so far in the first phase of the proposed development, Century Textiles said in a regulatory filing.

Birla Estates is planning to develop this 3.6-million-sq-ft integrated project as part of the proposed development of its total 30-acre land parcel in phases.

Of the total proposed development on 14 acres, 2.5 million sq ft will be residential, 1 million sq ft will be offices and around 1 lakh sq ft will be retail development. The entire project including the residential component will be developed by December 2030.

Currently, Birla Estates has five residential developments spread across Mumbai Metropolitan Region (MMR), Bengaluru, and the National Capital Region (NCR); and the company is looking to launch new projects in each of these markets.