Birla Estates Secures ₹420 Cr Investment From IFC For 2 Projects

Mumbai, June 9, 2025: Birla Estates Private Limited (BEPL), a wholly-owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), has secured an investment of INR 420 crore from the International Finance Corporation (IFC), a member of the World Bank Group.

The investment underscores BEPL’s commitment to delivering sustainable and superior real estate development across the country. The investment will be directed towards two of Birla Estates’ key development projects: around INR 148 crore in the Manjri project (Pune), having approx. 3.13 mn sq ft saleable area, and about INR 272 crore in the Thane project, with 6.43 mn sq ft saleable area.
 
The projects will be developed through two special purpose vehicles (SPVs) owned and controlled by Birla Estates. IFC’s investment will be made into these SPVs, which will serve as the development platform for both projects.

Under the structure, Birla Estates will hold a 56 per cent economic interest whereas IFC will hold a 44 per cent economic interest in the SPVs.

“We are proud to welcome IFC as a valuable investor in our mission to reshape urban living through sustainable and high-quality real estate development,” said KT Jithendran, MD and CEO, BEPL.

“This investment validates our development philosophy and strengthens our ability to scale responsibly. With IFC’s global expertise in sustainable investments and our deep-rooted market insights, we aim to set new benchmarks in Indian real estate.”

Imad N Fakhoury, Regional Director, South Asia, IFC, said, “Housing is a powerful driver of jobs, resilience, economic growth—and a key priority for IFC. Our partnership with Birla Estates will bridge the gap in the housing sector by expanding availability of and access to sustainable, high-quality housing for the country’s growing population with a focus on first-time homeowners.”

He added, “The investment will create jobs, support inclusive urban development aligned with India’s net-zero ambitions and deepen private sector participation in this critical sector.”
 
BEPL continues to expand in the most sought-after real estate markets. In the last quarter of FY25, the company launched five projects across its key markets of NCR and Bengaluru and forayed into the Pune market recording its biggest quarter sales.