Birla Estates secured rights to redevelop 3-acre housing society in Vashi

MUMBAI: Birla Estates has secured rights to redevelop a housing society spread over a 3.06-acre land parcel in Navi Mumbai’s Vashi area along with an affiliate of local developer.

The project has a total revenue potential of approximately Rs 2,600 crores and marks the company’s entry into the Navi Mumbai redevelopment market, the developer said in a release.

The redevelopment of Shiv Sai Co-operative Housing Society will comprise premium and luxury residences.


“Our entry into Navi Mumbai reflects Birla Estates’ approach to growth by identifying markets with long-term potential and building with discipline, scale and a sense of responsibility,” said Ananya Birla, Director at The Aditya Birla Group.

According to her, this project is an important step in strengthening our presence across the Mumbai region.

“Vashi represents a strategic entry point for us into Navi Mumbai’s redevelopment landscape,” said KT Jithendran, MD & CEO Birla Estates.

The wholly owned subsidiary of Aditya Birla Real Estate, recently forayed into the redevelopment market with its first project spread over 1.3 acres in Khar through a joint venture with Parini Group.