IFC Invests $50 Million in Birla Estates Projects

11 Jun 2025 CW Team

According to the company, Rs 1.48 billion of the investment will support the development of a 3.13 million square foot project in Pune, while Rs 2.72 billion will be channelled into a 6.43 million square foot project in Thane. Both developments will be executed through Special Purpose Vehicles (SPVs), which will be owned and controlled by Birla Estates.

Under the investment structure, Birla Estates will retain a 56 per cent economic interest in the SPVs, while IFC will hold the remaining 44 per cent. The collaboration is expected to establish a robust platform for delivering large-scale residential developments, with a focus on sustainability and quality.

Commenting on the development, K. T. Jithendran, Managing Director and CEO of Birla Estates, said, “This investment validates our development philosophy and strengthens our ability to scale responsibly. With IFC’s global expertise in sustainable investments and our deep-rooted market insights, we aim to set new benchmarks in Indian real estate.”

IFC’s South Asia Regional Director, Imad N. Fakhoury, highlighted the broader impact of the partnership: “Housing is a powerful driver of jobs, resilience, economic growth—and a key priority for IFC. Our partnership with Birla Estates will bridge the gap in India’s housing sector by expanding the availability of and access to sustainable, high-quality housing, particularly for first-time homeowners.”

IFC has maintained a steady presence in India’s real estate sector and continues to support developments that align with its sustainable growth agenda. In the last quarter of FY25, Birla Estates launched five projects across its core markets in the National Capital Region and Bengaluru, while also marking its debut in the Pune market—resulting in the company’s strongest quarter for sales to date.

The International Finance Corporation (IFC) will invest $50 million (approximately Rs 4.2 billion) into two residential projects developed by Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Ltd. Together, these projects cover a total saleable area exceeding 9 million square feet.According to the company, Rs 1.48 billion of the investment will support the development of a 3.13 million square foot project in Pune, while Rs 2.72 billion will be channelled into a 6.43 million square foot project in Thane. Both developments will be executed through Special Purpose Vehicles (SPVs), which will be owned and controlled by Birla Estates.Under the investment structure, Birla Estates will retain a 56 per cent economic interest in the SPVs, while IFC will hold the remaining 44 per cent. The collaboration is expected to establish a robust platform for delivering large-scale residential developments, with a focus on sustainability and quality.Commenting on the development, K. T. Jithendran, Managing Director and CEO of Birla Estates, said, “This investment validates our development philosophy and strengthens our ability to scale responsibly. With IFC’s global expertise in sustainable investments and our deep-rooted market insights, we aim to set new benchmarks in Indian real estate.”IFC’s South Asia Regional Director, Imad N. Fakhoury, highlighted the broader impact of the partnership: “Housing is a powerful driver of jobs, resilience, economic growth—and a key priority for IFC. Our partnership with Birla Estates will bridge the gap in India’s housing sector by expanding the availability of and access to sustainable, high-quality housing, particularly for first-time homeowners.”IFC has maintained a steady presence in India’s real estate sector and continues to support developments that align with its sustainable growth agenda. In the last quarter of FY25, Birla Estates launched five projects across its core markets in the National Capital Region and Bengaluru, while also marking its debut in the Pune market—resulting in the company’s strongest quarter for sales to date.

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