Birla Estates launches luxury project in Pune, targeting Rs 2,700 crore

Birla Estates has launched its first residential project, 'Birla Punya', in Pune, aiming for a revenue potential of Rs 2,700 crore. The project will cover 5.76 acres and offer 1,000 apartments in four towers. The first phase will include 500 units, with prices starting at Rs 1.75 crore for 2 BHK apartments. The project promises good connectivity to key areas and features sustainable living practices. Birla Estates is also developing land in the Manjri suburb, expanding its presence in the Pune market. The company's shares closed slightly lower following the announcement.