Shares of Aditya Birla Real Estate Ltd gained 4% to ₹1,830.25 on March 18, following the announcement that its subsidiary Birla Estates has launched its first housing project in Pune, named ‘Birla Punya’, with a revenue potential of ₹2,700 crore.
According to a regulatory filing, the project spans 5.76 acres, offering 1.6 million sq ft of saleable area, including 1,000 flats. The project will be executed in phases, with Phase 1 comprising two towers and 500 units.
K T Jithendran, MD & CEO of Birla Estates, stated, “As Pune’s real estate market continues to be on the rise, driven by its thriving IT ecosystem and strong infrastructure development, we see a growing demand for premium homes.”
Stock Market Performance
- Current Share Price: ₹1,830.25
- Intraday High: ₹1,844.20
- Previous Close: ₹1,759.85
- Year Range: ₹1,384.95 – ₹3,140.00
- Market Cap: ₹203.55 billion
- Dividend Yield: 0.27%
- Trading Volume: 225.86K
Birla Estates, which has projects in Mumbai, Pune, Delhi-NCR, and Bengaluru, sees Pune as a strategic location due to its rapid urbanization and strong demand for premium housing. The stock saw an upward movement as investors responded positively to the company’s expansion plans.
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