REALTY DEVELOPMENT ON BIRLA MILLS LAND IN CITY

Kolkata: K K Birla Group firm Texmaco Ltd looks set for a windfall from its real estate in Delhi. Texmaco chairman Saroj Poddar told reporters, after the annual general meeting of the company, that it is hoping to develop over one million square feet in one of Delhi’s prime locations that belongs to Birla Mills. ‘‘We are likely to get a few thousand crore from this real estate development,” he said.
According to Poddar, it is likely to start the real estate development within a year. The Birla Mills land was caught in a legal wrangle, which was disposed of by the Supreme Court recently. ‘‘We will develop a shopping mall, residential complex and commercial complex in the area,” he added.
Courtesy TOI Dtd. 13-08-2010