Aditya Birla Real Estate Limited’s subsidiary, Birla Estates Private Limited, has announced a new premium residential project in Hinjewadi, Pune. The development, undertaken via a Joint Development Agreement, has a total revenue potential of approximately ₹1,650 crore and spans 5.62 acres. This project marks the company’s entry into a key growth cluster in Pune and includes a retail component.
New Premium Residential Development in Hinjewadi
Birla Estates Private Limited, a wholly-owned subsidiary of Aditya Birla Real Estate Limited, has announced a significant new development in Hinjewadi, Pune. This project, executed through a Joint Development Agreement (JDA), is set to boost the company’s presence in one of Pune’s high-growth areas. The development boasts a total revenue potential of approximately ₹1,650 crore.
Project Details and Location Advantage
The project will be situated on a land parcel of 5.62 acres and is expected to deliver a total saleable area of approximately 1.25 million sq. ft.. The development will feature premium residential homes along with a retail component. Hinjewadi is identified as a well-established IT and employment hub, offering proximity to key amenities such as the Rajiv Gandhi InfoTech Park, major technology companies, and robust social infrastructure including schools, colleges, and hospitals. Connectivity is enhanced by the Mumbai-Pune Expressway, Mumbai-Bengaluru Highway, and the upcoming Hinjewadi-Shivajinagar Metro.
Sustainability and Market Focus
In line with Birla Estates’ commitment to sustainability, the project is being conceived with IGBC Gold certification in mind. Mr. KT Jithendran, MD & CEO of Birla Estates, highlighted Pune as a key market for the company’s growth plans, emphasizing Hinjewadi’s demand driven by a large professional workforce. This development strengthens Birla Estates’ focus on high-growth micro-markets, aiming to create a thoughtfully planned community with integrated retail offerings.
About Birla Estates
Birla Estates Private Limited is a wholly-owned subsidiary of Aditya Birla Real Estate Limited. The company focuses on developing premium residential housing in key markets, utilizing methods such as outright purchases and asset-light joint ventures. Birla Estates aims to become a top real estate company in India by differentiating through sustainability, execution excellence, customer centricity, and thoughtful design. Headquartered in Mumbai, it has regional offices in NCR, Bengaluru, and Pune, and also possesses a commercial portfolio in Worli, Mumbai.
Source: BSE
