Aditya Birla Real Estate Share Price Target of Rs 1,345: Anand Rathi Initiates Buy, What the NAV and Pre-Sales Outlook Show

The Aditya Birla Real Estate share price target of Rs 1,345 from Anand Rathi has drawn attention to a stock that has fallen sharply this year. The brokerage initiated coverage with a Buy rating and about 34% upside. This guide explains how it reached the target, what other brokerages say and what could go wrong.

Details are from the Anand Rathi initiation of 2 November 2026 as reported, and prices are from NSE and BSE on 4 November 2026. Aditya Birla Real Estate is abbreviated ABREL here. This is an educational summary, not a recommendation.

Click Here – Get Free Investment Predictions

Anand Rathi's Call at a Glance

Item	Detail
Rating	Buy (initiation of coverage)
Target price	Rs 1,345
Reference price	Rs 1,004
Implied upside	About 34%
Price on 4 Nov 2026	About Rs 1,058.40 (+2.14%)
Share price change in 2026	Down about 38%

How the Target Was Built: Net Asset Value

The Aditya Birla Real Estate share price target rests on valuation: the brokerage values ABREL on net asset value. It estimates NAV at Rs 150.2 billion, made up of residential projects at Rs 113.5 billion and commercial at Rs 39.5 billion, less net debt of Rs 2.8 billion. A NAV approach values the pipeline of projects on expected cash flows, which suits a developer whose reported profits are lumpy.

NAV component	Rs billion
Residential	113.5
Commercial	39.5
Net debt	(2.8)
Total NAV	150.2

Operating Outlook

Behind the Aditya Birla Real Estate share price target, Anand Rathi expects FY27 pre-sales to consolidate and recovery from FY28, with management targeting Rs 150 billion of pre-sales by FY29. A tower at the Niyaara project is deferred to FY28. Business development has added about Rs 60 billion of projects year to date, against a pipeline of Rs 600 billion.

Revenue (Rs billion)	Figure
FY26	4.1
FY27E	11.9
FY28E	16.8
FY29E	57.6

Revenue is estimated to rise sharply by FY29 as projects reach completion, which is typical for a developer that recognises revenue on handover. These are brokerage estimates and depend on launch timing and sales.

Compare real estate stocks on the Univest Screener

Other Brokerage Views

Brokerage	View
Anand Rathi	Buy, target Rs 1,345
Emkay	Target Rs 1,750
Jefferies	Target Rs 1,880
Motilal Oswal	Buy (August 2026)

Other Aditya Birla Real Estate share price target views are higher than Anand Rathi's, which suggests a wide range of opinion about how fast the company can scale. The stock's 52-week high was Rs 1,965.30, and the stock now trades below the 52-week low of Rs 1,080.10 reported in September.

Key Risks

Risk	Why it matters
Pre-sales recovery	Targets rely on a pickup from FY28
Project delays	Deferral of a tower shows timing risk
Real estate cycle	Rate changes and demand affect launches
Execution	Rapid scale-up to Rs 150 billion pre-sales is ambitious
Estimate risk	Revenue estimates rise more than tenfold by FY29

Download the Univest iOS App or Univest Android App to track real estate stocks on your phone.

Conclusion

The Aditya Birla Real Estate share price target of Rs 1,345 reflects NAV-based value and a bet on recovery from FY28. The stock has fallen 38% in 2026 and brokerages disagree on value. Judge the call on execution evidence, not the target alone.

Frequently Asked Questions on Aditya Birla Real Estate Share Price Target

What is the Aditya Birla Real Estate share price target?

Ans. Anand Rathi initiated coverage with a Buy rating and a target of Rs 1,345, about 34% above its reference price of Rs 1,004. Other brokerages have higher targets, such as Rs 1,750 from Emkay and Rs 1,880 from Jefferies, so views vary.

How did Anand Rathi arrive at Rs 1,345?

Ans. The brokerage used net asset value. It estimated NAV at Rs 150.2 billion, with residential at Rs 113.5 billion, commercial at Rs 39.5 billion and net debt of Rs 2.8 billion subtracted. Per-share NAV and target follow from this.

Why has the Aditya Birla Real Estate share fallen 38% in 2026?

Ans. The sources we checked did not give a single reason. Reports point to expectations of consolidating pre-sales in FY27, delays at one tower and a weak real estate mood. Check company filings and results for the latest explanation.

What is the current Aditya Birla Real Estate share price?

Ans. ABREL traded near Rs 1,058.40, up about 2.1%, on the morning of 4 November 2026 (NSE). Anand Rathi's reference price was Rs 1,004, so the stock has risen about 5% since.

What is the pre-sales target for ABREL?

Ans. Management has targeted pre-sales of Rs 150 billion by FY29. Anand Rathi expects FY27 pre-sales to consolidate and recovery from FY28, and it notes about Rs 60 billion of business development additions so far this year.

What are the 52-week high and low?

Ans. The 52-week high was Rs 1,965.30 and the low was Rs 1,080.10 as of September 2026, according to the data we found. The stock has traded below that older low since, so the low has probably been reset. Check live data for current figures.

What are the risks in Aditya Birla Real Estate stock?

Ans. Risks include delays in project completion, uncertain pre-sales recovery, real estate cycle swings and the large jump in estimated revenue by FY29. A miss on any of these could pull the share price lower.

Is Aditya Birla Real Estate a buy at this price?

Ans. This article cannot say. One brokerage rates it Buy with 34% upside, but the stock has fallen sharply and estimates rely on a recovery. Consider your time horizon and risk tolerance, and consult a SEBI-registered advisor.