Birla Estates' subsidiary buys FSI from Parinee entities for ₹159 crore
Birla Estates' subsidiary, Unnatam Properties, acquired nearly 90,000 sq ft of floor space index (FSI) from Parinee Real Estate Builders and Parinee Contour Construction for ₹159 crore. The FSI, generated through a Slum Rehabilitation Authority scheme in Kandivali, will be utilized for a redevelopment project in Khar (West), enhancing construction potential for two housing societies. This acquisition reflects Birla Estates' strategy to strengthen its redevelopment initiatives in Mumbai's premium western suburbs.