Century Textiles Acquires 10 Acres in Mumbai’s Worli for Rs 1,100 Crore

Century Textiles and Industries (CTIL) has secured ownership rights for a 10-acre leasehold land parcel in Worli, Mumbai, for Rs 1,100 crore from Nusli Wadia. This transaction merges CTIL’s existing leasehold interest with full ownership rights.

The land will be developed by Birla Estates, CTIL’s wholly owned subsidiary, adding an estimated Rs 14,000 crore in potential booking value to the company. With this acquisition, CTIL’s total landholding in the area expands to 30 acres, boosting the potential booking value to Rs 28,000 crore, according to the company.

This strategic acquisition reinforces CTIL's plans for large-scale developments in Mumbai’s prime real estate market.