Mumbai: Birla Estates Private Limited, the real estate arm of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), has announced a strategic investment of ₹420 crore (USD 50 million) from the International Finance Corporation (IFC), a member of the World Bank Group.
This infusion will support the development of two major residential projects in Manjri (Pune) and Thane, signaling Birla Estates’ continued focus on sustainable, high-quality urban development in India’s most promising real estate corridors.
The capital will be deployed via Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates.
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Birla Estates: Capital Deployment Via SPV Structure
The SPV structure allocates a 56% economic interest to Birla Estates and a 44% stake to IFC, aligning both parties towards a shared vision of affordable and sustainable housing for India’s growing urban population.
- ₹148 crore will be invested in the Manjri, Pune project, which covers 3.13 million sq. ft. of saleable area.
- ₹272 crore will go toward the Thane project, spanning 6.43 million sq. ft. of saleable space.
“We are proud to welcome IFC as a valuable investor in our mission to reshape urban living,” said K T Jithendran, MD & CEO, Birla Estates. “This investment validates our sustainable development philosophy and empowers us to scale responsibly across key markets.”
Imad N Fakhoury, Regional Director for South Asia at IFC, added, “Our partnership with Birla Estates supports India’s housing sector by enabling greater access to eco-conscious, high-quality homes – especially for first-time homebuyers. This investment will foster inclusive urban growth, create jobs, and contribute to India’s net-zero goals.”
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This partnership reinforces company’s position as a future-focused real estate developer committed to responsible growth. The company recorded its highest-ever sales in Q4 FY25 after launching five projects across key urban markets such as Delhi-NCR, Bengaluru, and Pune.
With IFC’s backing and its own established brand credibility, Birla Estates is poised to redefine urban housing with a focus on sustainability, affordability, and inclusive development.
