HomeBrand UpdatesFoster and Partners to design to design Birla Niyaara

Foster and Partners to design to design Birla Niyaara

Birla Niyaara the maiden premium and luxury residential venture of the Birla Estates, a subsidiary of Century Textiles and Industries Limited (CTIL), will be conceptualised and designed by the world-renowned architectural firm, Foster and Partners. The landscape is master planned and detailed by Sasaki and Coopers Hill, respectively. It is India’s only LEED pre-certified platinum residential project.

Birla Niyaara, a premium 75-storey tower in Worli, Mumbai, will comprise 400 units. The project will have its first phase with three towers spread across 14 acres and has a revenue potential of Rs 10,500 crore. The investment on Birla Niyaara is Rs 1,500 crore and the development cost for the three towers is Rs 5,500 crore. The development cost for the three towers is expected to be largely funded by customers’ receipts.

The total development potential of 30 acres is 3.6 billion sq ft, of which 2.5 million is residential, 1 million sq m commercial and 1 million sq ft is high street retail. The company plans to develop the overall 30 acres of the land parcel in Worli in phases, which has a potential booking value of Rs. 20,000 crore.

Birla Estates was launched as the real estate business vertical of Century Textiles in 2016 and is currently focusing on cities such as Mumbai, Delhi-NCR, Bengaluru and Pune. Birla Estates has also developed a couple of commercial office spaces in Mumbai, as a real estate division of CTIL.

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