Bengaluru, Nov. 24 -- Birla Estates, a subsidiary of Aditya Birla Real Estate, is venturing into Mumbai's booming redevelopment space. This accompanies a massive launch pipeline of Rs.13,900-14,000 crore in gross development value for 8-9 new projects across cities, in the coming months. The firm achieved a breakout performance in 2024-25, with sales bookings of Rs.8,087 crore, against Rs.3,985 crore a year ago. "Next major wave of growth for Mumbai will be driven by redevelopment, and we see this as a defining opportunity. We are in advanced discussions across south Mumbai, Bandra, Juhu, Khar and other neighbourhoods where societies are increasingly looking for credible, transparent, long-term partners," said K.T. Jithendran, managing director and chief executive officer of Birla Estates. Top developers have been tying up with Mumbai's old housing societies to rebuild them as swankier towers with more apartments. Birla is one of the fastest-growing residential developers, according to analysts, as India's housing market enters fifth consecutive year of strong sales and launches. While the company hasn't disclosed its sales guidance for FY26, given the robust launch pipeline, there is no reason not to surpass last year's sales, he added. The launch pipeline cumulatively offers around 7.8 million sq. ft of saleable area. Besides its residential projects, the firm is gearing up to launch its first plotted development, spanning approximately 75 acres, at Boisar, near Mumbai, this year. Birla Estates, formed in 2016, develops premium, luxury, and ultra-luxury projects, operating in the four top-performing cities: the Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Bengaluru, and Pune. It has a total project portfolio of roughly 35 million sq. ft, including 11 projects under construction. Alongside its core residential development business, Birla Estates plans to build a commercial property portfolio to create a steady stream of annuity income. From its current annual rental earnings of around Rs.150 crore, it plans to grow them to Rs.1,000 crore in the next 4-5 years. It is in talks with institutional investors to secure a financial partner for its commercial office business....