Birla Estates, a subsidiary of Aditya Birla Real Estate, has secured Rs 420 crore in equity funding from the International Finance Corporation (IFC) for two projects in Pune and Thane. The funding will be allotted through two special purpose vehicles (SPVs) to develop sustainable housing.
Aditya Birla Real EstateBirla EstatesIfcSustainable HousingReal Estate DevelopmentReal Estate PuneJun 09, 2025
Birla Estates has secured Rs 420 crore in equity funding from the International Finance Corporation (IFC).
The two projects are located in Manjri, Pune, and Thane in the Mumbai Metropolitan Region.
The Manjri project, located in Pune, is expected to have a saleable area of around 3.1 million square feet.
The Thane project has a saleable area potential of 6.4 million square feet.
Birla Estates will hold an economic interest of 56 percent in the special purpose vehicles, with IFC holding the remaining share.
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