Birla Estates Private Limited (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced signing of agreements for an investment from International Finance Corporation (IFC), a member of the World Bank Group.
- T. Jithendran, MD & CEO of Birla Estates, said, "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. 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."
This investment underscores Birla Estates’ commitment to delivering sustainable and superior real estate developments across India. The investment, approximately USD 50 million (INR 420 crores), will be directed towards two of Birla Estates’ key developments: with approx. INR 148 crores in Birla Estates’ Manjri project (Pune) having approx. 3.13mn sq. ft saleable area and approx. INR 272 crores in Birla Estates’ Thane project with approx. 6.43mn 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% economic interest, whereas IFC will hold a 44% economic interest in the SPVs.
Imad N. Fakhoury, Regional Director for 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 India’s 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. 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.”
Birla Estates continues to expand its presence in India’s most sought-after real estate markets. In the last quarter of FY25, the company launched 5 projects across its key markets of NCR, Bengaluru and forayed into the Pune market recording its biggest quarter sales.
