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Birla Estates to invest over Rs 500 crore to develop its maiden project in Gurugram

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4 years ago

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Birla Estates to invest over Rs 500 crore to develop its maiden project in Gurugram

Mumbai-based BK Birla Group’s realty firm Birla Estates has forayed into the Delhi-NCR market and is planning to invest over Rs 500 crore to develop about 700 floor-rises in Gurugram.

The project, Birla Navya, located along Gurgaon’s Golf Course Extension Road, Sector 63 A, is spread across 10 acres of the total 47 acres comprising about 6 lakh sq ft of space.

“The company will invest Rs 550 crore for the Gurugram project. It has already committed about Rs 400 crore to its JV partner in Delhi-NCR for the entire 73 acre land parcel,” the company said.

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Birla Estates has tied up with Delhi-based realty firm Anant Raj Group to develop the housing project in Gurugram. The starting price of the units is Rs 1.36 crore. These will be up for possession around 2024, the company said.
The first phase of the 47-acre township is spread across three pockets and offers 300 units of 2, 3, and 4 BHK premium floor residences.

The gated community will be developed over three phases, wherein the company has already recorded Rs 100 crore worth of bookings within a few months of launching Phase I, out of the estimated Rs 600 crore, it said.
The company aims to secure bookings value worth Rs 2000 crore with the completion of the last phase of Birla Navya, it said.

“After witnessing an overwhelming response from our earlier residential projects in key cities like Mumbai and Bengaluru, we are now looking forward to building a wholesome community in Gurugram,” said K. T. Jithendran, CEO, Birla Estates.
The launch will play a critical role in the overall growth of the company given the increased talent pool settling in the region and demanding a good lifestyle that has fast tracked the growth trajectory of the micro market. The pandemic has also played a unique role in infusing a strong sentiment regarding the value of owning a house within today’s new age homebuyer who is constantly looking for quality, secure and de-cluttered living, he said.
The company had told Moneycontrol earlier this year that it intends to invest close to Rs 2000 crore over the next two years on projects in Delhi-NCR, Bengaluru and Pune to enhance its residential footprint.

“While we will continue to develop the land parcels that we own, we will also prefer the asset-light joint venture model. Consolidation and joint ventures will be the focus going forward,” Jithendran had said.
The company’s portfolio of 200 acres includes 40 acres of textile mill lands in Worli, 45 acres in Pune, 125 acres in Kalyan, 2 acres of land along the beach in Prabha Devi in Mumbai and land owned by subsidiary Century Rayon.
“Only about 31 acres has been launched so far which is approximately 2 million sq ft of residential space. The entire exploitation of the 200 acres will take 8 to 10 years,” he had told Moneycontrol.

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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