Setup in 2016, Company is a Mumbai based developer with presence across India. Company is a subsidiary of Aditya Birla Real Estate Ltd (formerly known 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. The 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 a relatively short span of 8 years the Company has created an ongoing portfolio of 13.96 million square feet and development pipeline of additional 21.10 million square feet as on 31 March 2025.                                

The overall project cost is US$1,096mn. IFC investment will be in the form of INR denominated non-convertible debentures (“NCDs”).                                                      

The Project is expected to be located across various cities in India. The identified projects are located in Kalwa, Thane and Manjri, Pune.                             

The Project has been categorized as Category B according to IFC's Policy on Environmental and Social Sustainability (2012) as it is expected to include limited adverse environmental or social risks and impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. The key environmental and social (E&S) risks ad issues include: (i) adequacy of E&S management systems (ESMS), in line with IFC Performance Standard (PS) requirements, to identify and mitigate the E&S risks and impacts, in addition to company's organizational capability to implement the ESMS, (ii) assurance of fair, safe, and healthy working conditions, including potential risks related to gender based violence and harassment, including for third-party contractors, (iii) emergency response and preparedness measures including life and fire safety (LFS), and (iv) community security, health and safety.