Birla Estates Enters Mumbai Redevelopment with ₹1,700 Crore Project
Filing Summary
Birla Estates Private Limited, a wholly-owned subsidiary of Aditya Birla Real Estate Limited, has announced its first redevelopment project in Mumbai. The project, a joint venture with Parinee Group, involves the redevelopment of Anmol and Bhartiya Bhavan Co-operative Housing Societies in Khar West. The project spans 1.3 acres and has an estimated revenue potential of ₹1,700 crore. With a saleable area of 2.9 lakh sq.ft, the development will feature luxury residential apartments. This marks a significant expansion of Birla Estates’ presence in Mumbai’s real estate market.
Birla Estates Private Limited, a wholly-owned subsidiary of Aditya Birla Real Estate Limited, has announced its entry into the redevelopment market with a new project in the Mumbai Metropolitan Region. The project involves the redevelopment of Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, a prominent residential area in Mumbai. This initiative is being undertaken in collaboration with Parinee Real Estate Builders.
The project is estimated to have a revenue potential of ₹1,700 crore. It will cover a saleable area of 2.9 lakh square feet. The development will consist of luxury residential apartments. The joint venture with Parinee Group aims to unlock the potential of the 1.3-acre site, which is approximately 5261 square meters. This project is part of Birla Estates’ strategy to expand its footprint in Mumbai, where it already has a presence through premium developments and commercial properties.
The scope of the project includes the transformation of existing residential communities into modern living spaces. The redevelopment will focus on luxury residential apartments designed to cater to the evolving lifestyle needs of urban homebuyers. The project is strategically located in Khar West, offering connectivity to key infrastructure such as the planned Khar Metro Station, Khar Railway Station, and Mumbai International Airport. The location is also supported by nearby hospitals, schools, colleges, and lifestyle destinations.
Redevelopment is a significant aspect of Mumbai’s real estate landscape due to limited land availability and high demand for quality housing. This project represents a key addition to Birla Estates’ portfolio as the company continues to grow through new developments, joint ventures, and redevelopment opportunities. The project aligns with the company’s focus on premium design and execution excellence.
The redevelopment project is a joint venture with Parinee Group, a Mumbai-based real estate developer with over six decades of experience. Parinee Group has a history of contributing to Mumbai’s skyline through residential and commercial developments. The group focuses on society redevelopment, combining technical expertise and regulatory understanding to deliver enhanced living spaces.
Birla Estates Private Limited is a wholly-owned subsidiary of Aditya Birla Real Estate Limited. The company develops premium residential housing in key markets and is focused on differentiating through sustainability, execution excellence, customer centricity, and thoughtful design. Birla Estates is headquartered in Mumbai and has regional offices in NCR, Bengaluru, and Pune. The company also has a commercial portfolio with two grade-A commercial buildings in Worli, Mumbai.