Birla Estates (BEPL), a subsidiary of Aditya Birla Real Estate, has partnered with Mitsubishi Estate (MEC) to invest Rs 560 crore in a premium residential development in Southeast Bengaluru.
The collaboration will operate through a special purpose vehicle (SPV), with BEPL holding a 51 percent stake and MEC's affiliate, MJR Investment Pte (MIPL), holding 49 percent. The project will span four million sq. ft. in one of Bengaluru’s key growth corridors.
This marks MEC’s first investment in India’s residential real estate. The partnership combines MEC’s global expertise with BEPL’s local market insights to create world-class, sustainable living spaces, setting new benchmarks in India’s housing sector.