Birla Estates Secures INR 420 Crores Investment from IFC for Two Real Estate Projects in Pune and Thane

Birla Estates Private Limited, a subsidiary of Aditya Birla Real Estate Limited, has signed agreements with International Finance Corporation (IFC) for an investment of INR 420 crores. The investment will be directed towards two of Birla Estates’ key developments in Pune and Thane, with a total saleable area of approximately 9.56 million square feet. IFC's investment will be made into Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates, which will serve as the development platform for both projects. Birla Estates will hold a 56% economic interest, whereas IFC will hold a 44% economic interest in the SPVs. This investment validates Birla Estates’ development philosophy and strengthens its ability to scale responsibly, aligning with India’s net-zero ambitions and expanding availability of sustainable, high-quality housing for the country’s growing population.