The projects are located in Bengaluru, Mumbai, Pune and Delhi. The company plans to launch more projects and new phases in the ultra luxury, luxury and mid segments across India.
Birla Estates has finalized five projects with a revenue potential of around Rs 9,000 crore in the last few months in Bengaluru, Mumbai, Pune and Delhi, KT Jitendran, Managing Director and CEO of Birla Estates Pvt Ltd told Moneycontrol.
“These projects are located in RR Nagar and Sarjapur in Bengaluru; Wellesley Road in Pune; Walkeshwar in Mumbai and Mathura Road in Delhi,” he said.
The company plans to launch more projects and new phases across India. Jithendran said these would include ultra-luxury projects in Mumbai, luxury projects in Bengaluru and the mid segment in Pune and Delhi-NCR with a revenue potential of about Rs 5,900 crore in this financial year.
5,900 crore includes initiation of some new projects and new phases of existing projects signed.
“One of them is at a very prime location in South Mumbai, which is Walkeshwar. We have also managed to enter a prime location in Pune. Overall, we have added a portfolio with a revenue potential of around Rs 5,900 crore. Some of that may happen in quarter three, and the rest may happen between quarters three and four,” he said.
The company had finalized bookings worth Rs 2,183 crore last year. Jeetendran told Moneycontrol that as the development continues, it is looking for more land parcels.
More launches are planned
The company is planning to launch at least five projects this year. “We are planning to launch our two new projects in Bengaluru. We are also planning to launch our prime property we have purchased at Walkeshwar by the last quarter of this financial year. We are looking at starting a new phase at Birla Nyara (in Worli, South Mumbai). And, we are planning to start a new phase at Birla Navya, Gurugram. Therefore, the launches planned this year will be in new projects and new phases of existing projects,” he said.
