In a regulatory filing, Century Textiles and Industries Ltd informed that its subsidiary Birla Estates has acquired prime land parcel in South Mumbai's upmarket residential area of Walkeshwar at Malabar Hill. "The luxury project will hold a revenue potential of over Rs 600 crore," it said. K T Jithendran, MD and CEO, Birla Estates said, "Our acquisition of this prime plot of land in Walkeshwar is a significant milestone for Birla Estates, as it aligns perfectly with our long-term growth strategy to create a niche in the luxury housing segment." "We are excited about the opportunity to create bespoke boutique residences in one of the most sought-after locations in South Mumbai," he said.