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1 REAL ESTATE
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2 Diversified Portfolio • Portfolio spread across India’s top 4 high-growth markets: MMR, Bengaluru, NCR, and Pune • Strong presence in premium residential; scaling up commercial portfolio strategically Trusted Partnerships • Financial Partnership with marquee global investors like Mitsubishi and IFC for projects at SPV level Efficient Sourcing Strategy • Strategic land sourcing through outright purchases and asset-light joint ventures • Portfolio developed on own land as well as JV/JDA partnerships with land-owners Customer Focus • Strong recall in premium and luxury segments • Trusted for quality, design excellence, and transparency • Poised to be among India’s most aspirational real estate brands Superior Design & Execution • Superior new age design capabilities in all our projects • Execution anchored in speed, scale, and precision • Positioned to lead in innovation, governance, and growth Legacy & Trust • 125-year-old legacy rooted in nation-building since 1897 • Part of the Aditya Birla Group, known for credibility and excellence • Entered real estate in 2016 under the ‘Birla Estates’ brand Legacy-Led. Execution-Driven. Future-Ready. Aditya Birla Real Estate ADITYA BIRLA REAL ESTATE
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3 Key Annual Performance Indicators Booking Value (₹ Mn) Gross Development Value (₹ Mn) Collection Value (₹ Mn) & Collection Efficiency (%) 4,642 6,210 19,125 21,831 39,849 80,875 FY20 FY21 FY22 FY23 FY24 FY25 52,240 184,040 215,550 226,130 450,000 698,690 FY20 FY21 FY22 FY23 FY24 FY25 840 1,542 3,509 8,612 13,228 27,063 83% 87% 93% 99% 97% 98% FY20 FY21 FY22 FY23 FY24 FY25 Units Sold (No.) & Area Sold (Mn Sq ft) 550 337 685 630 934 2,575 0.6 0.7 1.1 1.2 1.7 5.1 FY20 FY21 FY22 FY23 FY24 FY25 REAL ESTATE
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4Data source – Propequity. | Data is in units (Pan India) • The Indian real estate market continues to demonstrate resilience and steady growth, supported by a stable macroeconomic environment, rising urbanization, and evolving lifestyle aspirations. • Projects with the right product, right location, and trusted brand name are continuing to witness healthy traction. • There is a growing emphasis on sustainability and innovation. Green building practices, energy-efficient designs, and smart infrastructure are increasingly influencing both buyer preferences and regulatory frameworks. India's residential real estate market demonstrated positive activity throughout FY 2025, with a strong final quarter performance accentuated by seasonal festive demand. This surge propelled annual sales of 6,50,034 housing units. 6,50,034 Units sold in FY 2025 6,00,256 Units launched in FY 2025 1,42,225 Units sold in Q1 FY26 1,32,607 Units launched in Q1 FY26 City Wise Sales Growth MMR Pune Delhi-NCR Bengaluru Market Insights – Residential 25% share of the units sold in FY 2025 25% share in FY 2024 13% share of the units sold in FY 2025 15% share in FY 2024 9% share of the units sold in FY 2025 6% share in FY 2024 10% share of the units sold in FY 2025 9% share in FY 2024 ADITYA BIRLA REAL ESTATE t t
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5 Tier 1 Cities: Trends in New Supply vs Absorption (# Units) • Mumbai has seen a decrease in supply by 9% and absorption has exceeded supply by 20% • Thane witnessed a decrease in supply by 18% and absorption has exceeded supply by 17% • Pune witnessed a decrease in supply by 30% and absorption has exceeded supply by 29% • Navi Mumbai has seen a decrease in supply by 11% and absorption has exceeded supply by 5% • Bengaluru market has seen an increase in supply by 28% and absorption has fallen by 19% Cities New Supply FY 2025 (A) New Supply FY 2024 (B) % Change YoY Supply (A/B) Total Absorption FY 2025 (C) Absorption as a % of supply (C/A) Mumbai 37,885 41,800 -9% 45,504 20% Thane 72,722 89,107 -18% 85,332 17% Pune 67,967 97,334 -30% 87,510 29% NCR 90,993 29,179 212% 56,600 -38% Bengaluru 77,182 60,202 28% 62,440 -19% Navi Mumbai 29,679 33,494 -11% 31,016 5% Key Takeaways Source data: Propequity Tier-1 Cities: Favourable Supply & Absorption Dynamics ADITYA BIRLA REAL ESTATE
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6 Real Estate: Q1 FY26 Highlights Birla Anayu, Mumbai (Artist’s Impression)
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7 1,129 948 553 Q1 FY25 Q4 FY25 Q1 FY26 -51% 4,881 10,729 5,453 Q1 FY25 Q4 FY25 Q1 FY26 Net Total Income (₹ Mn) Collection (₹ Mn) 12% 288 297 275 Q1 FY25 Q4 FY25 Q1 FY26 -4% Net Leasing Income (₹ Mn) 2,621 57,377 4,225 Q1 FY25 Q4 FY25 Q1 FY26 61% Booking Value (₹ Mn) Area Sold (Mn Sq ft) Quarterly Financial & Operational Highlights 0.1 3.3 0.3 Q1 FY25 Q4 FY25 Q1 FY26 327% Net Total Income = Net Leasing Income + Net RE Income + Other Income ADITYA BIRLA REAL ESTATE
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88 • Booking Value of ₹4,225 Mn in 1QFY26 (up 61% YoY versus ₹2,621 Mn in 1QFY25). • Collections of ₹5,453 Mn against ₹4,881 Mn (up 12% YoY). • Birla Estates concluded a ~USD 50 Mn (₹4,200 Mn) investment with International Finance Corporation (IFC), a member of the World Bank Group. ➢ Investments made in Manjri project (Pune) with ~ 3.13 Mn Sq ft saleable area and Thane project with ~ 6.43 Mn Sq ft saleable area. • Increased investments in strengthening our brand and fostering deeper connections with our customers. ➢ Elevated our IPL association by becoming the Principal Sponsor of the Royal Challengers Bangalore, significantly boosting brand visibility and making Birla Estates one of the most recalled real estate brands during the season. • ESG remains a core focus area as we strive to build responsibly and sustainably. ➢ We have achieved the Bureau of Energy Efficiency (BEE) certification for both Birla Aurora and Birla Centurion, in recognition of our efforts to create energy-efficient, environmentally conscious developments that set new benchmarks in sustainable real estate. Q1 FY26 Highlights: Real Estate Birla Arika, Gurugram (Artist’s Impression)
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9 Real Estate: Projects Overview Birla Niyaara, Worli (Artist’s Impression) ----- ---
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10 Projects with a revenue potential of ~₹ 700 Billion Mumbai Metropolitan Region (9 projects) Birla Centurion, Worli (C) Birla Aurora, Worli (C) Birla Vanya, Kalyan Birla Niyaara, Worli Birla Anayu, Mumbai Thane, MMR Worli New Plot, MMR Boisar, MMR Worli West, MMR Pune (2 projects) Birla Punya, Wellesley Road Birla Evam, Manjiri NCR (5 projects) Birla Navya, Golf Course Ext. Rd. (Ph 1) Birla Navya, Golf Course Ext. Rd. (Ph 2 - 4) Birla Arika, Sector 31, Gurugram Mathura road, Delhi Sector 71, Gurugram Bengaluru (5 projects) Birla Alokya, Whitefield Birla Tisya, Magadi road Birla Trimaya, Devanhalli Birla Ojasvi, RR Nagar Birla Evara, Sarjapur (c) Commercial Projects Completed Projects Ongoing Projects Unlaunched Projects Pan India Footprint The above images are artist’s impressions ADITYA BIRLA REAL ESTATE l • •
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11 Ongoing Upcoming Particulars Saleable Area (Mn Sq ft) GDV (₹ Mn) No. of Projects Saleable Area (Mn Sq ft) GDV (₹ Mn) No. of Projects MMR 3.2 1,04,689 3 11.6 3,25,755 4 Bengaluru 7.5 70,604 5 1.3 12,567 0 NCR 3.0 56,802 2 3.8 73,798 2 Pune 0.3 4,440 1 4.4 50,035 1 Total 14.0 2,36,535 11 21.1 4,62,155 7 14.0 3.2 7.5 3.0 0.3 10.7 2.6 5.1 2.7 0.3 Pan India MMR Bengaluru NCR Pune Launched Sold upto June 2025 83% 67% 92% 82% 76% City-wise Launch and Sales (Mn Sq ft) 17% 42% 30% 11% Region Wise Booking Value contribution (Q1FY26) MMR Bengaluru NCR Pune Region Wise Performance ADITYA BIRLA REAL ESTATE ■ ■ ■ ■ ■ ■
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12 Projects Location Project Structure** GDV Total Saleable Area Area Sold Booking value Collection Balance inventory Average Rate Per Sqft. Date of Completion* ₹ Mn Mn Sq ft Sq ft ₹ Mn % of Booking ₹ Mn ₹ Birla Vanya Kalyan Own Land Parcel 11,500 1.33 1.17 9,357 92% 2,144 8,025 OC Received Birla Niyaara (Ph-1) Worli Own Land Parcel 36,254 0.91 0.84 30,433 46% 5,821 36,168 March 2028 Birla Niyaara (Ph-2) 51,212 0.89 0.59 33,963 22% 17,249 57,355 March 2029 Birla Anayu Walkeshwar Outright 5,722 0.06 0.03 2,834 23% 2,888 87,668 March 2029 Total 1,04,689 3.18 2.63 76,587 28,102 Birla Vanya (kalyan, MMR) Birla Niyaara (Worli, Mumbai) Birla Anayu (Walkeshwar, MMR) *Date of Completion as per RERA **Land Owner – Profit Share, Revenue Share, and PE Profit Share Ongoing Residential Projects - MMR The above images are artist’s impressions ADITYA BIRLA REAL ESTATE
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13 Worli, Mumbai - Portfolio Towers Area (Mn Sq ft) Status A 0.9 Launched B 0. 9 Launched C 0.7 Yet to be Launched Total ~2.5 Worli New Plot ~2.6 Yet to be Launched Commercial Development ~1.3 Yet to be Launched Worli West ~0.4 Yet to be Launched Grand Total ~6.8 The masterplan of the project is designed and planned by globally recognized architects and designers as follows: ➢ Foster + Partners, UK ➢ Sasaki Associates, USA ➢ LERA, USA B A – Tower A | B – Tower B | C – Tower C | D – New Plot | E - Centurion A C E D ➢ Coopers Hill, Singapore ➢ BPI Design, Singapore ➢ Priedmann, UAE ADITYA BIRLA REAL ESTATE
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14 Birla Alokya (Whitefield) Projects Location Project Structure** GDV Total Saleable Area Area Sold Booking value Collection Balance inventory Average Rate Per Sqft. Date of Completion* ₹ Mn Mn Sq ft Sq ft ₹ Mn % of Booking ₹ Mn ₹ Birla Alokya Whitefield Outright 3,976 0.55 0.54 3,961 100% 15 7,271 OC Received Birla Tisya Rajajinagar Profit Share (BE – 40%) 6,515 0.65 0.65 6,491 74% 24 9,981 Dec-26 Birla Trimaya (Ph-1) Devanahalli Profit Share (BE – 47%) 4,861 0.72 0.72 4,861 44% 0 6,765 Oct-28 Birla Trimaya (Ph-2) 6,329 0.74 0.72 6,168 24% 161 8,550 Jun-29 Birla Trimaya (Ph-3) 7,753 0.88 0.68 6,128 15% 1,624 9,052 Aug-30 Birla Ojasvi RR Nagar Outright 10,579 1.01 0.83 8,297 20% 2,282 10,057 Jan-31 Birla Evara Sarjapur Outright 30,592 2.94 0.91 9,356 14% 21,236 10,243 Dec-31 Total 70,604 7.49 5.05 45,262 25,343 Birla Tisya (Rajajinagar) Birla Trimaya (Devanahalli) Birla Ojasvi (RR Nagar) Birla Evara (Sarjapur) *Date of Completion as per RERA **Land Owner – Profit Share, Revenue Share Ongoing Residential Projects - Bengaluru The above images are artist’s impressions ADITYA BIRLA REAL ESTATE
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15 Birla Navya (Golf Course Ext, NCR) Birla Arika (Sector 31, NCR) Projects Location Project Structure** GDV Total Saleable Area Area Sold Booking value Collection Balance inventory Average Rate Per Sqft. Date of Completion* ₹ Mn Mn Sq ft Sq ft ₹ Mn % of Booking ₹ Mn ₹ Birla Navya (Ph 1) Golf Course extension Profit Share (BE – 50%) 4,834 0.44 0.44 4,834 100% 0 10,954 OC Received Birla Navya (Ph 2) 7,093 0.50 0.50 7,093 44% 0 14,210 December 2025 Birla Navya (Ph 3) 3,972 0.23 0.23 3,972 35% 0 17,603 April 2027 Birla Navya (Ph 4) 7,927 0.42 0.16 3,137 10% 4,791 19,198 April 2030 Birla Arika (Ph-1) Sector 31 Revenue Share (BE – 58%) 32,976 1.41 1.41 32,275 10% 701 22,932 December 2031 Total 56,802 2.99 2.74 51,310 5,492 *Date of Completion as per RERA **Land Owner – Profit Share, Revenue Share, Ongoing Residential Projects - NCR The above images are artist’s impressions REAL ESTATE
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16 Projects Location Project Structure** GDV Total Saleable Area Area Sold Booking value Collection Balance inventory Average Rate Per Sqft. Date of Completion* ₹ Mn In Mn Sq ft Sq ft ₹ Mn % of Booking ₹ Mn ₹ Birla Punya (Ph-1) Wellesley Road Outright 4,440 0.31 0.25 3,597 10% 843 14,318 Sep-31 Total 4,440 0.31 0.25 3,597 843 Birla Punya (Wellesley Road, Pune) *Date of Completion as per RERA **Land Owner – Profit Share, Revenue Share, and PE Profit Share Ongoing Residential Projects - Pune The above images are artist’s impressions REAL ESTATE
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17 FY26 Project Launch Pipeline Projects Location Ownership Economic Interest % Total Estimated GDV ₹ Mn GDV launch in FY26 ₹ Mn Saleable Area Mn Sq ft MMR Birla Niyaara - C Worli Own 100% 131,801 44,335 0.7 Thane Project Thane Outright 56% 98,730 16,294 1.3 Plotted Development Boisar Outright 100% 4,744 2,790 0.9 NCR Birla Navya Golf Course extension Profit Share 50% 30,248 6,422 0.3 Sector 71 Gurgaon Outright 100% 14,093 6,712 0.5 Birla Arika Gurgaon Revenue Share 58% 58,582 25,606 1.0 Bengaluru Birla Trimaya Devanahalli Profit Share 47% 31,509 6,650 0.7 Pune Birla Punya Wellesley Road Outright 100% 27,303 22,863 1.3 Birla Evam Manjri Outright 56% 27,172 7,651 1.0 Total 424,182 139,323 7.8 ADITYA BIRLA REAL ESTATE
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18 Total Project Portfolio Projects Ownership Economic Interest % Land Area Acres Estimated GDV ₹ Mn Total Saleable Area Mn Sq ft Ongoing Projects (A) 204 236,535 14.0 FY26 Pipeline (B) 123 139,323 7.8 Mumbai Thane-Kalwa Outright 56% - 82,436 5.1 Worli – New Plot Own 100% 10 148,702 2.6 Worli West Own 100% 4 29,246 0.4 Boisar Outright 100% - 1,953 0.6 Bengaluru Birla Trimaya Profit Share 47% - 5,917 0.6 NCR Sector 71 Outright 100% - 7,381 0.5 Mathura Road Revenue Share 64% 7 27,676 1.4 Pune Manjri Outright 56% - 19,522 2.1 Future Pipeline (C) 21 322,833 13.3 Total Portfolio (A+B+C) 348 698,690 35.0 ADITYA BIRLA REAL ESTATE
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19 19 Birla Aurora Birla Centurion Location Prabhadevi, Mumbai Leasable Area (in sqft) 0.26 Mn Annual Gross Lease Rental FY 2024-25 ₹ 672 Mn. Occupancy 100% Location Worli, Mumbai Leasable Area (in sqft) 0.32 Mn Annual Gross Lease Rental FY 2024-25 ₹ 649 Mn. Occupancy 100% Existing Commercial Projects
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20 Strategic Alliances & Actions Birla Punya, Pune (Artist’s Impression)
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21 About IFC: The International Finance Corporation (IFC), part of the World Bank Group, is the premier global development institution exclusively focused on the private sector in emerging markets. Operating in over 100 countries, IFC deploys its capital, expertise, and influence to foster markets and opportunities About the Partnership: Birla Estates secured a ₹4,200 Million investment from IFC for residential projects in Pune and Thane, covering ~9.5 million sq. ft. The projects will be developed via SPVs, with Birla Estates having economic interest of 56% and IFC 44%. Strategic Alliance with IFC IFC lniternationa l Finance Corpo :ration WORLD BANIK GROUP ADITYA BIRLA REAL ESTATE
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22 About Mitsubishi: Mitsubishi Estate is a leading Japanese real estate developer, renowned for its extensive portfolio including office buildings (especially in Tokyo's Marunouchi district), residential properties, retail, hotels, and logistics. They operate globally, with significant presence in the US, Europe, and Asia. The company emphasizes long- term urban development, sustainability, and innovation through new business creation. Their diverse activities make them a major player in the international real estate market. About the Partnership: Birla Estates has entered a ₹5,600 Mn joint venture with Mitsubishi Estate Co. Ltd. for a premium residential project in Southeast Bengaluru. The 4 million sq. ft. project will be developed via a 51:49 SPV structure. This marks Mitsubishi’s first investment in India’s real estate sector. Strategic Alliance with Mitsubishi Estate ADITYA BIRLA REAL ESTATE J.. MITSUBISHI ESTATE MITSUBISHI ESTATE CO., LTD.
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2323 Transaction Overview • Divestment of Century Pulp & Paper (CPP) to ITC Ltd. • Structured as a slump sale for ₹34.98 Bn (subject to adjustments) • Agreement signed on 31st March 2025 • Part of strategic shift to focus on core real estate business Rationale Behind the Transaction • Strategic portfolio realignment to focus on real estate • Enhances capital allocation and operational clarity • Unlock long-term shareholder value Strategic Divestment: Century Pulp and Paper
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24 Social Safety Excellence: ▪ International Recognition: ROSPA Silver Award (July 2024) ▪ British Safety Council: 5-Star Rating awarded to Birla Niyaara • Birla Estates has successfully achieved 49 million safe man- hours without any Lost Time Injury (LTI) across all ongoing projects and operational sites. • Launched annual wellness calendar as part of our ongoing commitment to employee wellbeing at BEPL Environment GRESB performance: • Standing Investments: GRESB score increased from 80 (2023) to 90 (2024) • Developments: GRESB score improved from 91 (2023) to 96 (2024) Energy efficiency: • Birla Aurora and Birla Centurion received Energy Star Rating Certification from the Bureau of Energy Efficiency (BEE), Government of India. • Comprehensive climate risk assessment studies conducted for Birla Anayu, Birla Punya, and Birla Trimaya. Governance ISO Certification: • The company has been officially awarded Integrated Management System (IMS) certification for the implementation of: ▪ ISO 9001:2015 – Quality Management ▪ ISO 14001:2015 – Environmental Management ▪ ISO 45001:2018 – Occupational Health & Safety Management Environment, Social and Governance (ESG) ADITYA BIRLA REAL ESTATE
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25 Financial Overview Birla Trimaya, Bangalore (Artist’s Impression)
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26 Particulars (₹ Mn) Gross Debt 50,646 Less: Cash and Bank balance 2,859 Less: Mutual Funds 2,910 Less: RERA balances 5,417 Net Debt 39,459 Facilities/Instruments Rating Non-convertible debentures CARE AA; Stable Commercial paper CARE A1+ Credit Rating Net Debt 2,710 8,100 4,110 9,034 10,918 23,450 32,400 37,850 33,800 33,5332,900 6,910 8,240 7,213 6,194 June'24 Sep'24 Dec'24 Mar'25 June'25 Outstanding Debt (₹ Mn) Short Term Loan Long Term Loan Construction Finance 29,060 47,410 50,200 50,050 Debt Profile 50,646 ADITYA BIRLA REAL ESTATE ■ ■ ■
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27 60,248 116,508 59,779 462,155 Collected Outstanding Collections Unsold Unlaunched Projects Monetization Progress & Unlaunched Potential (₹ Mn) Launched Total Booking Value Cash Flow Potential Launched Projects (₹ Mn) Pending Collection from Sold Inventories 116,508 Estimated Value of unsold inventory 59,779 Remaining Estimated Project Cost 102,773 Estimated Surplus Cash flow Potential 73,515 Data is as on 30 June 2025 ADITYA BIRLA REAL ESTATE ■ ■ ■ ■
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28 (₹ In Million) Profit & Loss : Q1 FY26 – Consolidated Particulars Q1 FY26 Q4 FY25 Q1 FY25 Continuing Operations Total Sales 1,456 3,948 3,533 Other Income 118 130 119 Total Income 1,574 4,078 3,652 Total EBITDA -280 -120 575 Finance cost 71 115 110 Depreciation 155 158 161 PBT before share of loss of JV -506 -393 303 Share of loss of joint venture -25 -56 -79 PBT (Excl. Exceptional item) -531 -449 224 Exceptional Items 0 -1,240 0 PBT -531 -1,689 224 Tax (Asset - / Liability +) -58 -419 125 PAT -473 -1,270 100 Discontinuing Operations Profit / (Loss) from discontinuing operations 202 -82 74 PAT (After discontinuing operations) -271 -1,352 174 ADITYA BIRLA REAL ESTATE
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29 Aditya Birla Real Estate Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Aditya Birla Real Estate Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please feel free to contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: century@valoremadvisors.com Investor Kit Link: http://www.valoremadvisors.com/aditya Disclaimer
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30 30 Thank You