Birla Estates announced sales of Rs 2,500 crore for Silas at Birla Niyaara. According to a business release on May 2, Silas will give 148 magnificent 4BHK-5BHK villas, continuing the sumptuous legacy of the previous tower. Birla Estates revealed a project pipeline valued at Rs 45,000 crore (GDV) for the second half of FY24.
Birla Estates, a member of the Aditya Birla Group and a wholly owned subsidiary of Century Textiles and Industries Limited, reported record sales for Silas at Birla Niyaara, which reached Rs 2,500 crore at launch. Birla Niyaara has achieved such success that its entire revenue currently surpasses Rs 5,400 crore.
“Silas at Birla Niyaara will redefine luxury living in Mumbai,” stated K. T. Jithendran, Birla Estates’ MD and CEO. “With its spectacular architecture and first-rate amenities, it offers residents an unforgettable living experience. Furthermore, as India’s first LEED pre-certified platinum residential building, we demonstrate our commitment to sustainable real estate development.
The business also stated that it will add an extra Rs 10,000 crore to its project pipeline this year, and maybe another Rs 20,000 crore the next year.
Birla Estates bought property for a high-end residential development in South Mumbai’s Walkeshwar region of Malabar Hill in April 2023, with a potential revenue of more than Rs 600 crore.
