Mumbai-based Aditya Birla Real Estate Ltd plans to develop a new residential project in Hinjewadi Pune, with an estimated revenue potential of ₹1,650 crore. The company operates in India’s real estate sector and focuses on developing residential and commercial properties across key markets. Its subsidiary, Birla Estates, will lead the new development through a Joint Development Agreement (JDA), according to a regulatory filing dated October 23, 2026.
This project will occupy an area of 5.62 acres with approximately 1.25 million square feet of saleable area. Under the JDA model, the landowner contributes the land while the developer handles construction and sales. Both parties share the revenue or built-up area according to their agreement.
This new project will help increase Birla Estates’ visibility in Pune. The company already has residential projects such as Birla Punya in Central Pune and Birla Evam in Manjri. Hinjewadi also offers access to Pune’s established information technology and employment hub.
Aditya Birla Real Estate has adopted a light asset model of business, which involves joint venture development. Pre-sales for Aditya Birla Real Estate reached ₹8,136 crore in FY26. Yet, in Q1FY27, its pre-sales declined by 22% to ₹329 crore. In addition, pre-sales from Pune were around ₹119 crore.
The company has not announced the new project’s launch date or disclosed the landowner’s identity. The development will add to its planned project pipeline as it continues to expand its residential portfolio across key Indian markets.
