Leading real estate developer Brigade Enterprises Ltd is doubling down on premium and luxury housing while stepping up its residential and commercial launch pipeline, backed by strong demand and a sizeable land acquisition push.
“Over the last nine months, we have invested about ₹2,100 crore in land parcels with a developable area of 14 million sq ft and a gross development value (GDV) of ₹16,000 crore. More than half of this land bank is located in Bengaluru, followed by Hyderabad, and the projects are expected to enter the launch pipeline over the next four to six quarters,” said Pavitra Shankar, Managing Director, Brigade Enterprises Ltd.
Looking ahead, Brigade plans to launch around 12 million sq ft over the next four quarters. In Q4, the pipeline includes about 0.8 million sq ft in Chennai with a GDV of ₹1,600 crore, 2.3 million sq ft in Bengaluru with a GDV of ₹2,500 crore, and close to 1 million sq ft in Hyderabad.
Executive Director Pradyumna Krishna Kumar said: In Q3 FY26, Brigade reported presales of ₹1,750 crore, with volumes of 1.33 million sq ft. Average realisation rose to ₹13,142 per sq ft, up 16% year-on-year, reflecting the company’s increasing exposure to higher-value residential projects. While overall residential volumes across metros have stabilised, pricing continues to firm up due to supply constraints and sustained demand for premium housing.
“Nearly 85% of our presales are above the ₹1 crore ticket size, which reflects our positioning as a premium, high-quality developer,” Pavitra said, adding that customer sensitivity to overall ticket sizes has increased. “We are designing projects with a sharper focus on unit sizes in the ₹2–3 crore range, which we see as a sweet spot for Bengaluru and Chennai.”
According to Krishna Kumar quarterly presales were moderated by approval-related delays. “While Q3 sales did not increase significantly due to delays in launching new projects, we now have better certainty on approvals and expect upcoming launches to significantly strengthen our sales trajectory,” he said.
On the commercial side, Brigade’s office portfolio delivered a stable performance, with 0.66 million sq ft of leasing in Q3 and occupancy of around 93%, supported by demand from healthcare and education occupiers. The company has already launched 1.2 million sq ft of office space in FY26 and plans to add another 4.2 million sq ft over the next four quarters.
“The underlying demand remains strong, and we are well positioned across Bengaluru, Hyderabad and Chennai to capitalise on this momentum,” Krishna Kumar said.
Brigade has set aside a capex of ₹1,600–1,700 crore for commercial division, of which ₹661 crore has already been incurred. Hospitality capex is budgeted separately at ₹800 crore for the coming fiscal. For FY26, Brigade is expected to spend about ₹600 crore for the commercial division and in FY 27 about ₹800 crore.
Asked about the sale details of the new launches in Chennai and Hyderabad and Bengaluru for FY26, she said it was 20%, 15% and 65% respectively.