IFC to invest $50 million in two projects of Birla Estates
The projects will be developed through two Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates.
The International Finance Corporation will be investing $50 million (around ₹420 crore) in two projects of Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Ltd , the projects having a total saleable area of over 9 million square feet, the company said in a release.
Around ₹148 crore will be used to develop Birla Estates’ project in Pune having 3.13 msf saleable area and ₹272 crores in a project in Thane with 6.43 msf saleable area.
The projects will be developed through two Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates. IFC’s investment will be made into these SPVs, which will serve as the development platform for both projects, the release said.
Under the structure, Birla Estates will hold a 56 per cent economic interest, while IFC will hold a 44 per cent economic interest in the SPVs.
“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,” said K. T. Jithendran, MD & CEO of Birla Estates.
Steady investor
IFC has been a steady investor in many real estate projects in India.
“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 for the country’s growing population, with a focus on first-time homeowners,” said Imad N. Fakhoury, Regional Director for South Asia, IFC.
In the last quarter of FY25, Birla Estates launched 5 projects across its key markets of NCR, Bengaluru and forayed into the Pune market recording its biggest quarter sales.
Published on June 9, 2025
