Realty firm Birla Estates Pvt Ltd will invest around Rs 5,500 crore to develop a luxury housing project in South Mumbai as part of its expansion plan amid rising demand for residential properties, its CEO KT Jithendran said.
Birla Estates, which is a 100% wholly-owned subsidiary of B K Birla group's Century Textiles and Industries Ltd (CTIL), has started the development of a luxury housing project, having a total of around 1,200 housing units, in its 14-acre project Birla Niyaara, at Worli in South Mumbai.
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