Birla Estates, a wholly-owned subsidiary of Aditya Birla Real Estate, is making a strategic entry into Mumbai’s redevelopment market with a landmark project in Khar West. Known for luxury-focused, design-led developments, the company is now bringing modern, community-oriented living to one of the city’s most sought-after neighborhoods.
The project involves the redevelopment of Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in a joint arrangement with Parinee Real Estate Builders. With a total saleable area of 2.9 lakh square feet, the development will feature premium 3BHK apartments along with 20 high-street retail units, combining residential comfort with vibrant urban convenience. The Rs 1,700 crore investment highlights Birla Estates’ commitment to creating well-planned, sustainable, and modern living spaces in Mumbai’s land-constrained environment.
Ananya Birla, director at Aditya Birla Group, said, “Redevelopment in Mumbai offers an opportunity to transform aging communities into modern homes while addressing the city’s land constraints. This project aligns with our vision of creating spaces that balance luxury, sustainability, and community living.”
K T Jithendran, MD & CEO of Birla Estates, added, “This is a milestone for Birla Estates. Through this redevelopment, we aim to unlock the potential of existing land and provide homes that offer quality, convenience, and a sense of belonging.”
Khar West continues to be a highly desirable location, with strong residential demand. In 2025, the area recorded 142 new sale transactions totaling Rs 773 crore, and property rates increased to around Rs 56,663 per sq. ft., reflecting strong investor confidence.
Residential units in the project are priced at Rs 24.5 million per apartment (approx. Rs 56,663 per sq. ft.), providing a rare combination of luxury, convenience, and long-term investment value. With this redevelopment, Birla Estates reinforces its vision of creating modern urban communities that elevate the lifestyle of residents while reshaping Mumbai’s real estate landscape.
Reference: Business Standard
