NEW DELHI: Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries has acquired land parcel spread across 16.5 acres in Manjri, Pune.
The land parcel has a development potential of approximately 32 lakh sq ft and an estimated revenue potential of Rs 2,500 crore.
K. T. Jithendran, MD & CEO of the company said, “Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans.”
The company had recently incorporated a wholly-owned subsidiary Ekamaya Properties. Consequent to the incorporation, Ekamaya Properties has become a step-down wholly-owned subsidiary of Century Textiles and Industries.
