Leading realtor Brigade Enterprises Ltd is targeting at least 20% growth in pre-sales to around ₹9,000 crore in FY27, supported by a strong residential launch pipeline and expansion of its commercial portfolio across multiple cities.
Managing Director Pavitra Shankar said during the earnings call that the company remains watchful of macroeconomic uncertainty arising from geopolitical tensions in the Middle East and broader implications of AI, though demand drivers in its core markets continue to remain intact.
The company plans to launch around 11.5 million sq ft of residential projects in FY27 with a gross development value (GDV) of ₹12,000 crore, including around 3 million sq ft in Chennai.
Commercial portfolio expansion
Brigade Enterprises has a commercial project pipeline of around 10 million sq ft to be launched during FY27 and FY28, apart from 3 million sq ft currently under development.
Of the total pipeline, around 4.5 million sq ft is expected to be launched during FY27.
The company plans to incur capital expenditure of around ₹6,000 crore over the next four years for development of these projects, translating into annual investments of ₹1,200-1,700 crore.
Currently, around 60% of Brigade’s commercial portfolio is concentrated in Bengaluru, followed by Chennai at 27% and Kochi at 10%.
With the upcoming projects, Bengaluru’s share will reduce to 55%, while Trivandrum, Hyderabad and Ahmedabad will emerge as new growth markets.
GCC demand remains strong
Pavitra Shankar said the office market outlook continues to remain positive, driven by expansion of Global Capability Centres (GCCs), growth in flexible workspaces and increasing institutional participation.
About 58% of the company’s leasing portfolio comes from GCC clients, IT & IT-enabled services 26% and the balance demand comes from BFSI, consulting, engineering, healthcare and flexible workspace operators.
Bain partnership in Bengaluru
Joint Managing Director Nirupa Shankar said the company has entered into a 50:50 joint venture partnership with Bain for development of a 10.8-acre project opposite ITPL in Whitefield, Bengaluru.
The project has development potential of around 2 million sq ft of office space along with a proposed 250-key five-star hotel.
She said the company expects to complete the project in around 40 months and remains open to exploring similar partnerships in future.