Aditya Birla Real Estate Aims for Rs 15,000 Crore Bookings by FY28
Aditya Birla Real Estate (ABREL) is setting ambitious targets for the coming years, aiming to achieve Rs 15,000 crore in bookings by FY28. The company projects a compound annual growth rate (CAGR) of about 25%, driven by robust launches and strategic expansion.
Birla Estates, ABREL’s subsidiary, achieved bookings of Rs 8,000 crore in FY25. In Q1FY26, ABREL registered a 61% growth in bookings compared to the previous year. The company's strong performance is a testament to its strategic focus and market positioning.
ABREL plans to launch projects with a gross development value (GDV) of around Rs 13,900 crore in FY26. These launches are strategically located in key real estate hubs such as Thane, Mumbai Metropolitan Region, National Capital Region, Bengaluru, and Pune. The company's chairman, Kumar Mangalam Birla, highlighted in the FY25 annual report that ABREL aims to scale across India’s top real estate markets. This ambition is supported by ongoing investments in land acquisition, technology, brand building, and talent.
In comparison, Mumbai-based competitor Lodha Developers is targeting over Rs 46,000 crore in bookings in FY26 and FY27, representing a 43% increase from the previous two years. Despite this, ABREL's growth is impressive, with a 17x increase in residential booking value between FY20 and FY25. Bookings in FY25 doubled over FY24, reflecting a CAGR of 77% over this five-year period. This places Birla Estates among the fastest-growing developers in the country.
ABREL is also focusing on business development, targeting Rs 15,000-20,000 crore annually to further strengthen its portfolio. The company currently has a net debt of around Rs 3,950 crore and a net leverage ratio of 1.03x. Equirus Securities noted that proceeds from the pulp and paper business divestment to ITC, expected over the next 3-4 months, should reduce debt to around Rs 2,000 crore, with a cash surplus of Rs 1,200-1,300 crore, effectively resulting in a net debt-free balance sheet.
With a strong parentage, a credible brand, a healthy project pipeline, and a robust balance sheet, ABREL is well-positioned for long-term growth. During FY25, the company added projects with a combined GDV of more than Rs 25,000 crore. ABREL has also formed a joint venture with Mitsubishi Estate for the Birla Evara project in Bengaluru and signed agreements with the International Finance Corporation (IFC) for a $50 million (Rs 420 crore) investment in projects in Pune (Manjri) and Thane.
The company is also evaluating redevelopment opportunities in high-potential urban corridors and expanding its commercial portfolio to meet the growing demand for integrated, future-ready spaces. These strategic moves are expected to further solidify ABREL's position in the Indian real estate market and drive its ambitious growth targets.
