Birla Real Estate Targets Rs 150 Billion Bookings by FY28

01 Aug 2025 CW Team

Aditya Birla Real Estate Ltd (ABREL) is targeting bookings worth Rs 150 billion by FY28, projecting a compound annual growth rate of 25 per cent. In FY25, its subsidiary Birla Estates recorded bookings of Rs 80 billion, while ABREL posted a 61 per cent year-on-year increase in bookings for Q1FY26.

For FY26, ABREL plans to launch projects with a gross development value (GDV) of around Rs 139 billion across Thane, the Mumbai Metropolitan Region, National Capital Region, Bengaluru, and Pune, as stated in its Q1 earnings presentation.

Chairman Kumar Mangalam Birla noted in the FY25 annual report that the company intends to scale across India’s major real estate hubs, supported by investments in land acquisition, technology, branding, and talent.

Between FY20 and FY25, Birla Estates saw a 17-fold increase in residential booking value, with FY25 bookings doubling over FY24. This represents a CAGR of 77 per cent, placing it among the country’s fastest-growing developers.

ABREL targets business development of Rs 150–200 billion annually, according to Equirus Securities. The company currently holds net debt of approximately Rs 39.5 billion, with a leverage ratio of 1.03x. Proceeds from its pulp and paper business divestment to ITC, expected within 3–4 months, could reduce debt to around Rs 20 billion and generate a cash surplus of Rs 12–13 billion — effectively creating a net debt-free balance sheet.

In FY25, ABREL added projects with a total GDV of more than Rs 250 billion. It also entered a joint venture with Mitsubishi Estate for the Birla Evara project in Bengaluru and signed agreements with the International Finance Corporation (IFC) for a Rs 4.2 billion investment in Pune (Manjri) and Thane.

ABREL has begun evaluating redevelopment opportunities in high-potential urban corridors and is expanding its commercial portfolio to meet rising demand for integrated, future-ready real estate offerings.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..