Birla Estates to develop ₹1,650 crore residential project in Hinjewadi, Pune under JDA

What was announced

On 23 October 2026, Birla Estates Pvt. Ltd. announced a new residential development in Hinjewadi, Pune. The project is being undertaken through a Joint Development Agreement. The announcement was made in a regulatory filing submitted to the National Stock Exchange of India.

The filing puts the revenue potential at about ₹1,650 crore and describes a land parcel of 5.62 acres, or about 22,737.27 sq m. The total saleable area is about 1.25 million sq ft.

KT Jithendran, Managing Director and CEO of Birla Estates, said Pune “continues to be a focus market for our growth plans.” He said Hinjewadi is “one of Pune’s most active residential markets, with demand anchored by a large and growing professional workforce.”

Project details

The company plans premium residential homes along with a retail component. Jithendran described the intent as: “We intend to create a premium, thoughtfully planned community with an integrated retail offering.”

The project has been conceived with the IGBC Gold green building certification in mind at the concept design stage. Certification is a design intent at this stage, not an awarded rating.

The project does not yet have an official name in the announcements. It is referred to as Birla Estates’ new Hinjewadi residential project.

• Structure: Joint Development Agreement
• Land: 5.62 acres (about 22,737.27 sq m)
• Saleable area: about 1.25 million sq ft
• Product: premium residential homes with a retail component

As of 24 October 2026, the announcement carried no unit count, configurations, price list, booking terms or launch date.

About the developer

Birla Estates is a wholly owned subsidiary of Aditya Birla Real Estate Ltd, which is headquartered in Mumbai with regional offices in Mumbai, NCR and Bengaluru. The subsidiary has been active in real estate since 2016.

Before this announcement, the company had one ongoing project in Pune with a saleable area of 0.3 million sq ft and a gross development value of ₹4,440 million. That figure is from a third-party summary of company data as of June 2025, so it may have changed since. The company’s existing Pune projects named in the announcement are Birla Punya in Central Pune and Birla Evam in Manjri.

In its Q3 FY26 earnings call, the parent reported presales of ₹2,536 crore, up 276% year on year, and collections of ₹1,290 crore, up 157% year on year.

Location and connectivity

Hinjewadi is one of Pune’s established IT and employment hubs. The announcement says the site is near Rajiv Gandhi InfoTech Park, close to a large campus base of technology companies including Infosys, Wipro and Tata Technologies.

Road access is through the Mumbai-Pune Expressway and the Mumbai-Bengaluru Highway. The Hinjewadi-Shivajinagar Metro is described as upcoming and expected to strengthen connections to central Pune. The announcement also cites a metro station about 500 metres from the site and the Grand Highstreet Mall about 200 metres away, along with educational and healthcare facilities nearby.

What it means for buyers and investors

No price, unit count or booking terms have been announced, so there is no buyer-facing offer to compare yet. Buyers considering the project will need the price sheet, configurations and project registration details once they are published.

For investors, the main figure is the revenue potential of about ₹1,650 crore. The company says the project will be a sizeable addition to its development pipeline. Analysts quoted in coverage describe the move as a strategic step into Pune, given the city’s IT employment base and infrastructure works that are improving connectivity.

The Pune figures are a small base. The project’s saleable area of about 1.25 million sq ft is well above the 0.3 million sq ft of the single ongoing Pune project reported as of June 2025.

What comes next

The company’s stated next phase is project design and regulatory approvals. No dates have been given for design completion, approvals, project registration, launch or booking.

Until a launch is announced, the project remains at the JDA stage. Any sales would start only after the company publishes pricing and configurations.