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BMC begins survey of Lower Parel land five months after SC rejects Century Textiles claim
Mumbai: Five months after the Supreme Court ruled in favour of the BMC — rejecting Century Textiles and Industries Ltd's petition to claim ownership —.
cityfalcon.com
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Mumbai News: BMC Asks Century Mills To Vacate 660 Crore Lower Parel Land After SC Ruling; 800 Tenants Await Rehabilitation
The BMC has asked Century Textiles & Industries Limited to vacate the six-acre land parcel in Lower Parel, before possession is transferred to the civic body. This land is home to 20 buildings, including shops and chawls, all of which will require proper rehabilitation.
cityfalcon.com
Mumbai: BMC Awaits Legal Opinion On Century Mills Land Possession And Housing For Tenants After Supreme Court Ruling
Following a recent legal victory, the civic authorities are now awaiting a formal opinion from their legal department on whether they should issue a notice to Century Textiles & Industries Limited for taking possession of the land in question.
cityfalcon.com
Aditya Birla Real Estate Q3 results: Revenue falls 16.7% to Rs 946.21 cr
Aditya Birla Real Estate (formerly Century Textiles and Industries Limited) on Tuesday reported a loss of Rs 42.37 crore in the third quarter of the financial year 2025 (Q3FY25). It had reported a profit of Rs 79.95 crore in the third quarter of previous year (Q3 FY24). The revenue in Q3FY25 declined by 16.7 per cent year on year (Y-o-Y) to Rs 946.21 crore. It was Rs 1,095.9 crore in Q3FY24. Its total expenses during the quarter stood at Rs 1,009.31 crore, up 8.10 per cent Y-o-Y. The expenses were mainly driven by the cost of materials consumed and the cost of land, construction, and other related real estate development costs. The company’s real estate arm, Birla Estates, clocked sales worth Rs 185.98 crore with an annual increase of 116.60 per cent. However, on a quarterly basis, the sales were down by 26.70 per cent. Aditya Birla Real Estate (ABRE) forayed into real estate with Birla Estates in 2016. During the first nine months of FY25 (9M FY25), the company’s real estate arm posted sales of Rs 777.71 crore, up 374.60 per cent Y-o-Y.
cityfalcon.com
Mumbai: BMC Initiates Process To Acquire Six-Acre Land In Lower Parel After SC Ruling
In a recent hearing, the apex court confirmed that the land belongs to the BMC and rejected the proposal to transfer it to Century Textiles & Industries Limited.
cityfalcon.com

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