IRB Infrastructure Developers Ltd has approved a phased plan to unlock value from select non-core land assets held through its wholly owned subsidiaries in Pune and Mumbai.
At a board meeting on September 22, 2026, the company approved the proposed monetisation of approximately 350 acres of land in Pune and the redevelopment and rehabilitation of around 3,500 sq m of land in Mumbai.
The Pune land is part of a larger 1,100-acre holding owned by subsidiary Aryan Infrastructure Investments Private Limited (AIIPL). Under the approved plan, around 350 acres will be taken up for phased development and monetisation.
In Mumbai, subsidiary Ideal Road Builders Private Limited (IRBPL) will undertake the redevelopment and rehabilitation of approximately 3,500 sq m of land.
Phased Asset Monetisation
The company said the initiative will be implemented in stages, allowing the land parcels to be developed progressively. The plan is focused on converting non-core land holdings into cash-generating assets while supporting the company’s broader capital-management requirements.
IRB said the proposed monetisation is expected to be undertaken without significant incremental costs. The use of its subsidiary companies will facilitate development and monetisation of the identified parcels.
The Pune and Mumbai properties have been classified as non-essential assets because they are not directly linked to the company’s core road and highway operations.
Focus on Asset Optimisation
The move comes as IRB continues to operate and develop highway assets across several states. The group manages 27 highway assets across 13 states, with an overall asset base of around Rs 94,000 crore, according to the information provided by the company.
The company has also continued to report growth in its toll-collection business. Its gross toll revenue for August 2026 stood at Rs 807 crore, compared with ₹646 crore during August 2025, representing a reported 25% year-on-year increase.
In the first quarter of FY27, IRB reported a net profit of Rs 306 crore, up from Rs 202 crore in the corresponding period of FY26.
The latest board approval gives IRB a framework to proceed with the phased development of its identified non-core properties. The eventual proceeds will depend on project execution, regulatory approvals, development timelines and prevailing real-estate conditions in Pune and Mumbai.
Source: Sahi
Pic Credit: Scan X
