Mr. Sohanlal K. Jain has ceased to be Independent Director of Aditya Birla Real Estate on completion of his second term of five years.Powered by Capital Market - Live News

Net profit of Aditya Birla Real Estate reported to Rs 2.58 crore in the quarter ended September 2024 as against net loss of Rs 30.44 crore during the previous quarter ended September 2023. Sales rose 31.53% to Rs 1120.50 crore in the quarter ended September 2024 as against Rs 851.91 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1120.50851.91 32 OPM %7.855.77 - PBDT81.5649.57 65 PBT26.46-1.72 LP NP2.58-30.44 LP Powered by Capital Market - Live News

Aditya Birla Real Estate will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live News

Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries) today announced that Birla Trimaya Phase II - The Park, has sold almost 95% of its inventory within 24 hours of its launch achieving an approximate booking value of about Rs 600 crore. This sales success follows the record-breaking performance of Phase I of Birla Trimaya, which secured approximately Rs 500 crore in bookings within just 36 hours of its launch. Overall, the cumulative booking value achieved till date is approx. Rs 1,100 crore and the project is anticipated to generate a revenue potential of around Rs 3,000 crore across the entire 52 acre development. Set in the prime location of Shettigere Road, Devanahalli, Bengaluru North, the project is spread across an expansive 52 acres of land parcel. Building on the success of Phase I, Birla Trimaya Phase II - The Park, presents a thoughtfully curated collection of apartments, row houses and duplex homes, catering to the diverse needs of discerning homebuyers with customised home configurations. Its strategic location, coupled with the exceptional design, represents a significant opportunity for homebuyers looking to invest in North Bengaluru`s fast-growing real estate marketPowered by Capital Market - Live News

Century Textiles and Industries has acquired the ownership rights of approx. 10-acre leasehold land parcel in Worli, Mumbai from Nusli Wadia. With this transaction, the existing leasehold interest of CTIL is merged with the ownership rights. The amount paid for this transaction is Rs. 1,100 crore. This acquisition in the prime location of Worli, Mumbai, will be developed through its wholly owned subsidiary, Birla Estates. Worli as a location is in the forefront of the current bullish trend in luxury real estate. Worli today is seen as a hotspot for buyers in not just South Mumbai but also beyond, reaffirming the trend of consumers seeking a curated lifestyle in premium locations. This 10-acre land parcel adds an approximate booking value potential of Rs 14000 crore to the company. It also paves the way for a gross 30-acre contiguous landholding in this prime area, with an overall booking value potential of approximately Rs 28000 crore. This includes Birla Niyaara, the flagship project of Birla Estates, launched a few years ago, which achieved great success and is one of the fastest selling Uber luxury projects in MMR, with cumulative sales of over Rs 5700 crore since its launch. Powered by Capital Market - Live News