InvestorQ : Is it true that Century Textiles is planning a massive real estate foray in India?
Dia Deshpande made post

Is it true that Century Textiles is planning a massive real estate foray in India?

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swati Bakhda answered.
3 weeks ago
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Yes, that is right. Birla group is planning a huge realty foray in India via Birla Estates, a unit of Century Textiles. In the last few years, Century has shifted from being a textiles business to a predominant paper play. Now Century plans to shift its focus from paper & pulp to real estate and has lined up Rs.1,000 crore for ongoing and new projects this fiscal.

In Mumbai, the super-premium Worli project is also part of that plan. Birla Estates was only launched in 2015 but has already laid out grand plans. Century wants to push Birla Estates among the top-5 realty players in India with annual revenues of Rs.10,000 crore. Now that is an ambitious growth target in a rather tough industry.

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