Birla Estates and Arvind SmartSpaces Launch Mumbai Housing Projects
NEW DELHI: Birla Estates and Arvind SmartSpaces are entering Mumbai’s society redevelopment market with distinct residential projects in Khar West and Santacruz, as both companies aim to seize redevelopment opportunities in the city’s limited land market. Birla Estates (BEPL), a subsidiary of Aditya Birla Real Estate, is set to redevelop the Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, in collaboration with Parinee Real Estate Builders. The project encompasses a saleable area of approximately 2.9 lakh sq ft, with a projected revenue potential of around ₹1,700 crore, marking the company’s debut in Mumbai’s redevelopment sector.…