The Birlas are developing several new sites in the Central Mumbai and are in a process to change Central Mumbai’s landscape.
The BK Birla Group firm, Century Textiles has hired Shapoorji Pallonji constructions to develop a 20-acre property at the site of a textile mill in Worli in Central Mumbai. An IT park, a five-star hotel and a few commercial buildings with group’s offices as well as other offices will come up at the 20-acre mill land.
Shapoorji Pallonji has begun with soil testing work in order to build residential towers in another 10-acre property of Birlas at Prabhadevi near Mahindra towers. Yet another realty project , a 25-storey commercial tower behind Century Bhawan in Worli, named Century International is also being developed by the birlas. The group is planning to develop another multi-storey building at a location adjacent to its corporate headquarters in Worli, on a land bought from a multinational pharma company in 2003.
A property management team has been created to complete the construction works in 12-15 months.L&T has completed the piling work at the mill premises and Shapoorji group has just started the construction.
With these upcoming projects a stock of about 15,000 apartments along with many commercial properties shall be generated. This will make a huge difference to the urban landscape of Central Mumbai.
within a course of time, the centre of gravity is expected to shift from Nariman Point to Central Mumbai.