Birla Estates concludes deal to acquire 24.5 acre land in Kalwa from Hindalco for over ₹537 cr
Aditya Birla Group entity Birla Estates has concluded the deal to acquire over 24.5-acre land parcel in Thane’s Kalwa locality from Hindalco Industries for over Rs 537 crore.
The board of directors of Hindalco Industries had approved this sale of land in July to Ekamaya Properties, a wholly owned subsidiary of Birla Estates.
The buyer has paid stamp duty worth Rs 37.62 crore for the deal’s registration that took place on September 4, showed the documents accessed through real estate data analytics firm Propstack.
The Aditya Birla Group declined to comment for the story.
Earlier this week, the group’s wholly owned company Century Textiles and Industries acquired the ownership rights of around 10-acre leasehold land parcel in Mumbai’s prime Worli locality from Wadia Group Chairman Nusli Wadia for Rs 1,100 crore.
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