# Birla Estates arm buys Mumbai FSI for Rs 159 crore 2026-08-09T09:56:31+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Birla Estates's wholly owned subsidiary Unnatam Properties has bought nearly 90,000 sq ft of floor space index (FSI) from Parinee Real Estate Builders and Parinee Contour Construction for over Rs 159 crore. The FSI was generated through a Slum Rehabilitation Authority (SRA) scheme on land in Kandivali, a western suburb of Mumbai. The transaction, registered this week, attracted stamp duty of Rs 4.77 crore, according to documents accessed by realty data platform CRE Matrix. The development rights will not be used in Kandivali but will be transferred to a larger property in Khar (West), where Unnatam Properties is redeveloping two old housing societies. Birla Estates CEO K. T. Jithendran said the acquisition strengthens the firm's society redevelopment project in Khar and reflects its focus on strategic FSI buys. The Rs 159 crore consideration works out to about Rs 1.95 lakh per sq metre of FSI. ## Coverage - realty.economictimes.indiatimes.com Tags: Birla Estates, FSI, Khar, Mumbai real estate, redevelopment, SRA Canonical: https://indianopinion.org/birla-estates-arm-buys-mumbai-fsi-for-rs-159-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/birla-estates-arm-buys-mumbai-fsi-for-rs-159-crore/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.