Aditya Birla Real Estate Share Price: HDFC Securities has initiated coverage on Aditya Birla Real Estate Ltd (ABREL) with a BUY rating. In a research report, the brokerage said that Aditya Birla Real Estate is coming out of a slow growth period over the last 9MFY26, with Rs 75-80 billion of new launches in Q4FY26.

The underlying demand remains stable and may result in flat YoY presales at Rs 80 billion. ABREL FYTD26 seems to have missed the business development target; we see this more of a timing issue, while largely expecting Rs 100-150 billion of BD for FY26.

ITC transaction is progressing well with Rs 35 billion of consideration expected by FY26-end or early Q1FY27, it said.

ABREL has tasted the success of geographical diversification and with Rs 35 billion of likely cash inflow, BD may see a sharp ramp-up.

Office annuity assets expansion in Worli (1.3 msf, Rs 7 billion rentals) is expected to start from early-FY28 and will provide visibility on rental portfolio.

ABREL benefits from luxury residential development on the historical Worli land bank, rental assets capex, and new business development. It has all the ingredients of right location, strong brand, robust execution skills, reputed local and global partners and strong and transparent corporate governance.

The stock has seen a sharp correction on concerns around RE slowdown, AI disruption, and weak FYTD26 BD and presales.

"We believe this correction to be value accretive. Valuation comfort, robust FCF generation, and likely deleveraging are key near-term triggers for further rerating. Given the robust launch pipeline, strong balance sheet, and stable cash flows, we initiate coverage on ABREL with a BUY and a target price of Rs 1,832," HDFC Securities said.

Aditya Birla Real Estate shares closed marginally higher at Rs 1,182.50 on BSE during Wednesday's (March 11, 2026) trade.