PROJECT

Projects

Environmental & Social Review Summary

Project Number

49282

Company Name

Birla Estates Private Limited

Date ESRS Disclosed

Jun 9, 2025

Country

India

Region

South Asia

Last Updated Date

Oct 25, 2025

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Dec 13, 2024
Invested : Jul 1, 2025

Sector

other

Industry

other

Department

Regional Industry - MAS Asia & Pac

Project Description

Setup in 2016, Birla Estates Private Limited (“BEPL” or “Birla” or the “Company”) is a Mumbai based developer with presence across India. Company is a subsidiary of Aditya Birla Real Estate Ltd(Formerly know as Century Textiles and Industries Ltd)and part of the Aditya Birla Group (“the Group”). The Group is one of India's oldest and largest conglomerates with presence in metals, telecom, financial services, cement, fashion, retail, renewable energy, textiles, paper and real estate amongst other sectors. Company is primarily focused on the residential segment with some presence in office real estate. It has a pan India presence across North, West and South India with Mumbai as its primary market. In 8 years the Company has created an ongoing portfolio of 6.2million square feet and development pipeline of additional 23.7million square feet as on 30 June 2024.

 

The proposed Project involves IFC investment of up to INR 4,200 million (US$50 million equivalent) in wholly owned subsidiaries (“SPVs”) of BEPL for the development of two middle-income housing projects in India (“Project”). The first project is located in Kalwa, Thane and will primarily consist of middle-income housing with some office and retail spaces. The second project will be housing projects to be mutually identified by the Company and IFC. Any project that falls into the high E&S risk category A will not be selected, and any project that might trigger IFC PS5-8 and/or involve community concerns/complaints will require additional ESAP items. The projects will include an estimated development of 6,000 – 9,000 housing units.

BEPL's operations team oversees construction, while the facilities management team handles the final stages and customer handover. Once residents establish a Resident Welfare Society, BEPL transfers all responsibilities to the society, with no further involvement in operations or management..

Overview of IFC's Scope of Review

IFC conducted an environmental and social (E&S) due diligence for the project, which involved the following activities: i) desktop review of BEPL's E&S related documents and information;  ii) site visit to BEPL's corporate head office in Mumbai in April 2024; iii) site visit to the Thane land parcel; iv) site visit to under-construction project, Niyara, in Mumbai; v) site visit to the under-construction project, Vanya, in Mumbai; vi) site visit to the labor camp facility in Mumbai for the Niyara project; vii) conference calls with company management, including one with the third-party labor law compliance manager for the Vanya site; and viii) interviews with staff, including E&S team, construction workers, employee from different departments, housing keeping staff, security guards, first aid centre operators and labour camp staff 

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan