Aditya Birla Real Estate to Launch Major Projects in Pune, Thane, and Bengaluru Soon

Aditya Birla Real Estate Ltd, formerly known as Century Textiles and Industries Ltd, has exciting plans ahead! In a recent earnings call on October 22, the company revealed that it will launch a new residential project in Pune this quarter. More big launches are scheduled for the January-March quarter, including projects in Sarjapur Road, Bengaluru, and a newly acquired plot in Thane from its sister company, Hindalco.

Most of Aditya Birla Real Estate’s projects are handled by its subsidiary, Birla Estates. The company reported great results, with a booking value of ₹1,412 crore and collections of ₹644 crore in the last quarter. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹28 crore.

The Pune project on Wellesley Road has a potential value of ₹1,050 crore, while the Bengaluru and Thane projects could bring in ₹2,700 crore and ₹1,800 crore, respectively.

Another big move by the company was the purchase of a 10-acre land in Worli, Mumbai, for ₹1,100 crore. This land could be developed into a project worth ₹14,000-₹15,000 crore, with the first phase expected to launch soon. Altogether, Aditya Birla Real Estate has land across various cities with a total development potential of over ₹40,000 crore!

In terms of future investments, the company has secured land worth ₹21,000 crore for development with an investment of ₹1,500 crore. They also plan to continue expanding through more land purchases or joint development agreements.

One of the company’s flagship projects, Birla Niyaara in Worli, will see its final phase launch in FY26. Current sales in the earlier phases are doing well, with prices estimated at ₹90,000 per square foot and possibly rising further.

The company recently changed its name to Aditya Birla Real Estate Ltd to align better with the overall Aditya Birla Group and emphasize the importance of its real estate business. However, there are no immediate plans to separate its other businesses, such as textiles and pulp and paper.

Sources: Internet Sources & Twitter X 

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