IRB Infrastructure Developers has secured approval to monetize its non-core assets located in Mumbai and Pune. The Board of Directors of the company at its meeting held on September 22, 2026, has approved the same. The board has approved the monetization of asset located in Pune by way of phased development of land parcels of around 350 acres out of total around 1,100 acres owned by Aryan Infrastructure Investments (AIIPL), a wholly owned subsidiary of the company, at Villages Taje and Pimpaloli, Taluka Maval.
Further, the board has approved the monetization of asset located in Mumbai by way of redevelopment and rehabilitation of part of land parcels of around 3,500 square meters owned by Ideal Road Builders (IRBPL), a wholly owned subsidiary of the company, at Village Chandivali, Mumbai. AIIPL and IRBPL are Wholly owned subsidiary Companies of the company.
The approval is subject to definitive documentation / necessary regulatory and statutory approvals.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
