Birla Estates secures Rs 420 crore investment from IFC for two projects
By Aman Shukla Published on June 9, 2025, 14:15 IST
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 approximately USD 50 million (INR 420 crores) from the International Finance Corporation (IFC), a member of the World Bank Group.
This strategic investment highlights IFC's confidence in Birla Estates' commitment to sustainable and high-quality real estate developments across India. The funds will support two flagship projects — approximately INR 148 crores will go to the Manjri project in Pune, featuring 3.13 million sq. ft. of saleable area, while INR 272 crores will be allocated to the Thane project with a 6.43 million sq. ft. saleable area.
Both developments will be executed through two Special Purpose Vehicles (SPVs), with Birla Estates holding a 56% economic interest and IFC holding 44%.
This move further solidifies Birla Estates' position in key Indian real estate markets. In Q4 of FY25, the company recorded its strongest sales quarter yet, launching five projects across NCR, Bengaluru, and entering the Pune market for the first time.
With this partnership, Birla Estates aims to scale sustainable urban developments and redefine residential and mixed-use spaces in India.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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