Aditya Birla Real Estate Expands with Major Launches in Pune, Thane, and Bengaluru

Aditya Birla Real Estate, a prominent player in India's real estate sector, is set to expand its portfolio with new projects in key locations. The company has announced plans to launch a residential project in Pune’s Wellesley Road this quarter, while additional projects in Thane and Bengaluru’s Sarjapur Road are scheduled for the final quarter of the financial year.

Aditya Birla Real Estate Announces Major Project Launches in Pune

The Wellesley Road project has an estimated development potential of ₹1,050 crore, while the Sarjapur Road venture is projected to be around ₹2,700 crore. The Thane project, developed on land acquired from Hindalco, has a potential value of ₹1,800 crore, according to management insights shared during the company's post-earnings call on October 22, 2024.

Aditya Birla Real Estate operates primarily through its subsidiary, Birla Estates. During the July-September quarter, the company reported a strong financial performance with booking values reaching ₹1,412 crore, collections totaling ₹644 crore, and an EBITDA of ₹28 crore.

Additionally, the company made a significant land acquisition in Worli, Mumbai, purchasing a ten-acre parcel from businessman Nusli Wadia for ₹1,100 crore. The project on this land has a development potential of ₹14,000-15,000 crore, with the first phase launch expected soon.

Aditya Birla Real Estate holds land assets with a development potential exceeding ₹40,000 crore across various cities. The company has secured future land investments worth ₹21,000 crore, with an estimated investment of ₹1,500 crore, further solidifying its position in the Indian real estate market.

As the company continues to expand, the management highlighted the importance of synergy with the broader Aditya Birla Group, following the company's recent name change from Century Textiles and Industries Ltd. This move reflects the growing prominence of the real estate division within the group's future growth strategy. Despite these shifts, the company does not plan to demerge its other businesses, including textiles and pulp and paper.

These strategic launches are expected to bolster Aditya Birla Real Estate’s presence in key metropolitan markets, enhancing its reputation as a leader in the Indian real estate industry.