Birla Estates' Luxury Project In Mumbai Sells 72 Flats For Rs 2,500 Crore

Birla Estates, the real estate venture of the Aditya Birla Group, on Thursday said it has sold 72 apartments for Rs 2,500 crore in a residential tower of its luxury project in the city.

The residential tower, Silas, is part of the luxury residential project Birla Niyaara and the company has booked total sales of Rs 5,400 crore from the project in central Mumbai, according to a statement.

Birla Estates is a fully owned subsidiary of Century Textiles and Industries and the real estate venture of the conglomerate.

Silas at Birla Niyaara has 148 four- and five-bed hall kitchen residences. According to sources, of these 148 units, the company sold 72 apartments at its launch in the price range of Rs 30-45 crore per unit.

The project is conveniently located with major infrastructure projects and business districts in close proximity.

"Silas at Birla Niyaara will set new standards for luxury living in Mumbai. With its exquisite design and premium amenities, it promises residents an unparalleled lifestyle experience," the company's managing director and chief executive officer K T Jithendran said.