Birla Estates Enters Mumbai Redevelopment Segment

27 Mar 2026 CW Team

The redevelopment covers Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society, spanning approximately 1.3 acres with a saleable area of 2.9 lakh sq ft. The project has an estimated revenue potential of Rs 17 billion.

The development will comprise luxury residences aimed at urban homebuyers, reinforcing Birla Estates’ presence in Mumbai’s premium housing segment. Redevelopment continues to be a key growth driver in the city due to limited land availability and sustained demand.

Commenting on the development, Ananya Birla, Director, Aditya Birla Group, said: “Mumbai’s redevelopment cycle presents a significant growth opportunity in a structurally land-constrained market, reshaping the city’s real estate landscape and creating a scalable avenue for well-capitalised, design-led developers. At Birla Estates, our entry into this segment is a natural extension of our growth strategy, leveraging our proven track record in luxury developments. Our ongoing focus remains on design excellence, execution capability, and a long-term vision to create iconic developments that elevate living while delivering value to all stakeholders.”

K.T. Jithendran, MD & CEO, Birla Estates, added: “Our entry into redevelopment marks a significant milestone in Birla Estates’ growth journey and reflects our commitment to creating enduring value in India’s leading markets. In a supply-constrained city like Mumbai, redevelopment is key to unlocking land potential and enabling modern living environments. Through this project in Khar West, we aim to deliver a future-ready development guided by our design-led approach.”

Located in Khar West, the project offers connectivity to key infrastructure including the upcoming Khar Metro Station, Khar Railway Station and Mumbai International Airport, along with proximity to established social and lifestyle amenities.

Birla Estates has announced its entry into Mumbai’s redevelopment segment with a luxury residential project in Khar West. The project will be developed in a joint venture with Parinee Real Estate Builders. The redevelopment covers Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society, spanning approximately 1.3 acres with a saleable area of 2.9 lakh sq ft. The project has an estimated revenue potential of Rs 17 billion. The development will comprise luxury residences aimed at urban homebuyers, reinforcing Birla Estates’ presence in Mumbai’s premium housing segment. Redevelopment continues to be a key growth driver in the city due to limited land availability and sustained demand. Commenting on the development, Ananya Birla, Director, Aditya Birla Group, said: “Mumbai’s redevelopment cycle presents a significant growth opportunity in a structurally land-constrained market, reshaping the city’s real estate landscape and creating a scalable avenue for well-capitalised, design-led developers. At Birla Estates, our entry into this segment is a natural extension of our growth strategy, leveraging our proven track record in luxury developments. Our ongoing focus remains on design excellence, execution capability, and a long-term vision to create iconic developments that elevate living while delivering value to all stakeholders.” K.T. Jithendran, MD & CEO, Birla Estates, added: “Our entry into redevelopment marks a significant milestone in Birla Estates’ growth journey and reflects our commitment to creating enduring value in India’s leading markets. In a supply-constrained city like Mumbai, redevelopment is key to unlocking land potential and enabling modern living environments. Through this project in Khar West, we aim to deliver a future-ready development guided by our design-led approach.” Located in Khar West, the project offers connectivity to key infrastructure including the upcoming Khar Metro Station, Khar Railway Station and Mumbai International Airport, along with proximity to established social and lifestyle amenities.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..