Aditya Birla Real Estate Fund

Birla Estates targets Rs 2,700 cr revenue from housing project in Pune

Birla Estates, a subsidiary of Aditya Birla Real Estate Ltd, is expecting a revenue of Rs 2,700 crore from its first housing project in Pune. In a regulatory filing, Aditya Birla Real Estate informed that its subsidiary Birla Estates has launched its first project in Pune 'Birla Punya' with an estimated revenue potential value of Rs 2,700 crore. The project is spread over 5.76 acres and will feature 1.6 million (16 lakh) sq ft of saleable area including 1,000 flats. The project will be developed in phases, with Phase 1 offering two towers and 500 units. K T Jithendran, MD & CEO of Birla Estates, said, "As Pune's real estate market continues to be on the rise, driven by its thriving IT ecosystem and strong infrastructure development, we see that there is a growing demand for premium homes." Birla Estates has projects in Mumbai, Pune, Delhi-NCR and Bengaluru.

Birla, Mitsubishi Estate ink JV to invest Rs 560 cr in new housing project

Aditya Birla Real Estate Ltd arm Birla Estates has entered into a joint venture with Mitsubishi Estate Co Ltd (MEC) and will invest Rs 560 crore to develop a housing project in Bengaluru. Birla Estates Pvt Ltd has entered a joint venture with Mitsubishi Estate Co Ltd for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV). Under the partnership, Birla Estates and MJR Investment Pte Ltd (MIPL), an affiliate of MEC, will share 51:49 economic interest, respectively, in the SPV. The SPV will lead the development of the premium residential project, which spans 40 lakh square feet of built-up area. KT Jithendran, MD & CEO of Birla Estates, said, "We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project". Birla Estates develops premium residential housing in key markets. The company

Aditya Birla Real Estate falls 8% after posting loss in Q3; know more

Aditya Birla Real Estate share price slumped 7.84 per cent at Rs 1,820.05 a piece on the BSE in Wednesday's intraday trade

Aditya Birla Real Estate Q3 results: Revenue falls 16.7% to Rs 946.21 cr

The company incurred a loss of Rs 42.37 crore in Q3 FY25

Ahead of index inclusion, top Indian fund managers look to boost inflow

The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut

Abu Dhabi fund invests $500 mn in Kotak Investment's 13th real estate fund

With this new fund, KIAL has raised, managed or advised more than $3.3 billion under its real estate fund series

Brookfield in talks with Aditya Birla to buy its Real Estate Fund 1 assets

Bankers have approached the private equity firm, others to take over seven investments of the fund

Piramal's real estate fund seeks extension of one more year from investors

Piramal Fund Management said the fund was launched in 2013 with a primary tenure of six years, extendable by up to two additional one-year periods, by the trustee

Aditya Birla realty fund CEO Maneesh Yadav quits after 2 years at the helm

Yadav has spent over a decade in Adiya Birla Capital and he was the head for mortgage and real estate business at the firm before becoming the CEO of the real estate fund