Aditya Birla Real Estate Ltd, previously known as Century Textiles and Industries Ltd, has some exciting plans in store for the real estate sector. During a recent earnings call, the company’s subsidiary Birla Estates announced upcoming residential projects in Pune, Thane, and Bengaluru.
In Pune, a new project on Wellesley Road is set to be launched in the current quarter, with a development potential of ₹1,050 crore. Additionally, projects in Thane and Sarjapur are scheduled for Q4 of the financial year 2025. The Thane project, with an estimated value of ₹1,800 crore, will be launched on land acquired from sister company Hindalco. The Sarjapur Road project in Bengaluru is expected to have a development value of ₹2,700 crore.
The company reported strong financial performance in the last quarter, with a booking value of ₹1,412 crore, collections of ₹644 crore, and an EBITDA of ₹28 crore. Additionally, Aditya Birla Real Estate recently acquired a 10-acre land parcel in Worli, Mumbai, for ₹1,100 crore, with plans for a development worth ₹14,000-15,000 crore.
With a current land bank holding development potential exceeding ₹40,000 crore across various cities, the company is poised for significant growth. Future investment plans include securing land with a development potential of ₹21,000 crore through an investment of ₹1,500 crore.
The flagship project, Birla Niyaara in Worli, is progressing well, with the final phase set to be launched in FY26. The project has been seeing strong demand, with prices at ₹90,000 per square foot.
The recent name change to Aditya Birla Real Estate Ltd aligns the company with the Aditya Birla Group and emphasizes the importance of real estate in its future plans. Overall, Aditya Birla Real Estate’s strategic acquisitions and upcoming projects indicate a promising future in the real estate market.
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