Birla Estates, Ramaiah Realty JV to develop ₹3,000 crore township in North Bengaluru

Birla Estates has entered into a strategic joint venture with Ramaiah Realty to develop a large-scale integrated township in Devanahalli, one of Bengaluru’s fastest-growing real estate corridors. The project, with an estimated revenue potential of ₹3,000 crore, will span across 52 acres and reflects growing developer confidence in North Bengaluru’s residential market.

The development, branded as Birla Trimaya, has already demonstrated strong traction among homebuyers. The latest phase of the project has recorded bookings worth around ₹650 crore, with over 85 percent of inventory sold. Nearly 460 units have been absorbed in this phase alone, indicating sustained demand for well-planned, premium residential communities in the region.

Cumulatively, the project has achieved bookings of approximately ₹2,459 crore across all launched phases. Earlier phases witnessed rapid sales, with Phase I selling out within 36 hours and Phase II clocking around ₹600 crore in sales within a day. This momentum highlights the increasing preference for integrated townships that offer a combination of lifestyle amenities, connectivity, and long-term value.

North Bengaluru, particularly Devanahalli, has emerged as a key growth hotspot driven by infrastructure development and proximity to Kempegowda International Airport. The region is witnessing steady appreciation in property values, supported by upcoming tech parks, improved connectivity, and expanding employment hubs. Industry estimates suggest that property prices in this corridor could grow between 6 to 12 percent annually.

Bengaluru’s overall housing market continues to remain strong, with record residential launches in recent years. Premium housing now accounts for a significant share of new supply, reflecting changing buyer preferences towards higher-quality living environments.

With this joint venture, Birla Estates is further strengthening its presence in Bengaluru’s competitive real estate market. The partnership with Ramaiah Realty is expected to deliver a high-quality development aligned with evolving urban living trends, reinforcing the city’s position as a leading residential investment destination.