Birla Estates' Growth Accelerated with $50M IFC Partnership

Birla Estates Pvt. Ltd. (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate, has signed agreements with the International Finance Corporation (IFC), a member of the World Bank Group, for an investment of approximately USD 50 million (Rs 420 crore). The funding will be directed to two key residential projects through Special Purpose Vehicles (SPVs) managed by Birla Estates.

The Manjri project in Pune will receive Rs 148 crore for the development of ~3.13 million sq. ft of saleable area, while the Thane project will be supported with Rs 272 crore to deliver ~6.43 million sq. ft. Birla Estates will retain a 56% economic interest in both SPVs, with IFC holding the remaining 44%.

“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 & CEO, Birla Estates.

In Q4 FY25, Birla Estates recorded its highest-ever quarterly sales, launching five new projects across NCR, Bengaluru, and Pune. This partnership with IFC strengthens the company’s leadership in green, high-quality real estate and aligns with its vision for sustainable urban growth.

News by Rahul Yelligetti.