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Aditya Birla Real Estate (ABREL) is targeting sales bookings of INR 15,000 crore by fiscal year 2028, reflecting its aggressive growth plans following a strategic restructuring. The company, which recently divested its pulp and paper business, aims to develop new projects primarily through joint ventures and joint development agreements to minimize capital expenditure. ABREL is also working towards a net debt-free balance sheet to ensure financial health. This renewed focus on real estate, coupled with an emphasis on partnerships and a strong balance sheet, positions the company for significant expansion in India's dynamic property market.
Aditya Birla Real Estate (ABREL), previously known as Century Textiles and Industries, is aiming for ambitious sales bookings of INR 15,000 crore by fiscal year 2028. This target is part of the company's growth plan following a recent strategic restructuring. Advertisement
ABREL recently divested its pulp and paper business, signaling a clear focus on its real estate ventures. The company plans to develop new projects mainly through joint ventures and joint development agreements. This strategy aims to keep capital expenditure to a minimum, allowing for more flexible growth.
A core part of ABREL's strategy is to achieve a net debt-free balance sheet. This move is designed to ensure the company's financial strength and provide a solid base for its expansion. This renewed focus on real estate, along with an emphasis on partnerships and a strong financial position, places ABREL for considerable growth in India's active property market.
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