Birla Estates Expands Bengaluru Real Estate Portfolio with Mitsubishi Venture

Birla Estates, the real estate division of Aditya Birla Group, is intensifying its focus on Bengaluru through a significant joint venture with Japan's Mitsubishi Estate. This strategic partnership aims to expand Birla's residential and commercial real estate portfolio, targeting nearly ₹14,000 crore in new residential projects by FY26, with Bengaluru playing a major role.\n\nOn the commercial front, Birla Estates plans to generate annuity income of ₹1,000 crore within five to seven years by leveraging Bengaluru's robust office market. The company highlights commercial real estate as a source of stable income but acknowledges the necessity of substantial upfront capital, emphasizing partnerships for risk and growth management.\n\nBirla Estates holds a land bank with a development potential of ₹70,000 crore, of which ₹25,000 crore has been launched and 80% sold. With a 77% CAGR in bookings since FY20 and FY25 sales of ₹8,087.5 crore, the company aims to exceed ₹15,000 crore in annual sales, focusing on premium and luxury housing demand in Bengaluru to reinforce its market leadership.