- Business
- Aditya Birla Real Estate Ltd (ABREL.NS) develops and leases premium residential, commercial and mixed-use real estate properties primarily in India through its wholly owned subsidiary Birla Estates Private Limited; its core offerings encompass high-end residential apartments, luxury townships, plotted developments, modern office spaces and sustainable leased investment properties. The company maintains a robust portfolio of owned land parcels and joint development projects across key markets including the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, with prominent developments such as Birla Anayu, Birla Niyaara, Birla Vanya, Birla Centurion, Birla Aurora, Birla Ojasvi, Birla Trimaya, Birla Tisya, Birla Alokya, Birla Navya, Birla Punya and Birla Arika. Founded in 1897 and headquartered in Mumbai, India, the company operates within the real estate segment alongside residual pulp and paper activities, targeting mid-to-high-income homebuyers, corporate tenants and institutional investors seeking eco-friendly, LifeDesigned premium lifestyles. In recent developments, ABREL rebranded from Century Textiles and Industries Limited in 2024 to sharpen its real estate focus following divestments of textiles, cement and other non-core units; Birla Estates achieved FY25 consolidated gross development value (GDV) of INR 70,000 crore with bookings of INR 8,087 crore, more than doubling FY24 figures, and added projects exceeding INR 25,000 crore GDV. The company secured strategic equity investments including INR 420 crore from the International Finance Corporation for residential projects in Pune and Thane, and INR 560 crore joint venture with Mitsubishi Estate for a Bengaluru development; it launched five new projects in Q4 FY25 across NCR and Bengaluru, acquired land parcels such as a 24.5-acre site near Mumbai from Hindalco for INR 537 crore in September 2024, and plans eight further launches in FY26 alongside business development targets of INR 10,000-15,000 crore GDV.