Motilal Oswal has issued a buy rating on Aditya Birla Real Estate with a target price of ₹1,988, as reported in their research report dated January 29, 2026. The brokerage firm's recommendation implies a 55% upside potential from current market levels. According to the research report, the recommendation is based on the company's strong fundamentals and growth prospects in the real estate sector.
Aditya Birla Real Estate delivered robust presales performance in the third quarter of FY26, with presales reaching ₹25.4 billion, representing a significant 276% year-on-year growth and 185% quarter-on-quarter increase. As reported by Motilal Oswal, in the nine-month period of FY26, presales stood at ₹38 billion, up 64% year-on-year. The company launched only two projects out of four initially guided during Q3 with a gross development value (GDV) of ₹26.2 billion.
The company has reduced its FY26 launch guidance from ₹139 billion to ₹88 billion, according to Motilal Oswal's report. Birla Niyaara Tower C and Birla Navya projects have been spilled over to FY27, impacting the current year's launch pipeline. Despite the guidance reduction, the company maintains strong project execution capabilities with its two successfully launched projects in Q3 demonstrating operational efficiency.
Motilal Oswal has reiterated its buy rating on Aditya Birla Real Estate with the revised target price of ₹1,988, as stated in their research report. The brokerage's positive outlook is supported by the company's strong presales performance and strategic project launches, despite the temporary reduction in launch guidance. The recommendation reflects confidence in the company's long-term growth prospects in the real estate sector.
