Brigade targets ₹11,900 crore in FY27 residential launches
Brigade sets out FY27 residential launch targets
Brigade Enterprises Limited has outlined plans to launch 11.6 million square feet of residential development during FY27, with a projected gross development value (GDV) of ₹11,900 crore. The financial year runs through March 31, 2027. The guidance was presented in the company’s FY26 results materials and discussed on its May 7, 2026 earnings call.
The company is also aiming for residential pre-sales of ₹9,000 crore in FY27, representing at least 20% growth on FY26. Managing Director Pavitra Shankar said Brigade entered the year with a strong pipeline and a focus on execution. She linked the pre-sales outlook to market sentiment and conditions, making the target conditional on how the market develops.
Launch area, city allocation and FY26 baseline
Management’s indicative allocation places the largest share of planned launch area in Bengaluru, followed by Chennai and Hyderabad. The company also referred to new residential projects in Mysuru. The city-level areas add up to 10.5 million square feet; the total guidance across the year is 11.6 million square feet.
- Bengaluru: about 4.5 million square feet
- Chennai: about 3 million square feet
- Hyderabad: about 3 million square feet
- FY27 residential launch guidance: 11.6 million square feet, with ₹11,900 crore GDV
FY26 residential pre-sales were ₹7,424 crore, down from ₹7,847 crore in FY25. Brigade launched approximately 8.3 million square feet during FY26, below its earlier plan for 12 million square feet. The final quarter brought a sharper burst of activity: around 4 million square feet was launched across seven projects, while Q4 pre-sales reached ₹2,521 crore, 44% higher sequentially.
These figures provide context for the new targets. The planned increase in pre-sales is a company objective, while launch delivery will depend on approvals and timing. The guidance describes a pipeline for the financial year rather than confirmation that each planned project has already launched.
Markets in focus
The stated launch distribution puts Bengaluru first by planned area, with Chennai and Hyderabad each allocated about 3 million square feet. Mysuru is also part of the company’s residential plans for FY27. Together, these markets give the launch programme a multi-city scope rather than tying the guidance to a single development or location.
The company has said that approvals will influence when projects can be brought to market. It is seeking to advance some launches to before the second half of FY27, subject to those approvals. As a result, the city allocations indicate management’s current plan, while the schedule remains linked to the progress of the required processes.
Brigade’s financial context
Brigade Enterprises Limited is the listed real-estate company within Brigade Group, with its registered office in Bengaluru. For FY26, the company reported consolidated revenue of ₹5,909 crore and EBITDA of ₹1,638 crore. Its real-estate segment recorded revenue of ₹4,002 crore, alongside residential pre-sales of ₹7,424 crore.
The FY26 launch and sales figures show the scale against which the FY27 guidance is set: the new launch target is above the approximately 8.3 million square feet delivered in FY26, and the pre-sales ambition is above the previous year’s reported total. The company’s Q4 launch volume also indicates that a substantial portion of FY26 launches came in the final quarter.
Approvals and timing shape the year ahead
Brigade’s next steps are to progress launches across Bengaluru, Chennai and Hyderabad, while advancing additional residential projects in Mysuru. Management has said it hopes to bring some launches forward to before the second half of FY27, with the timing dependent on approvals. The financial year closes on March 31, 2027, leaving the launch programme and its targeted pre-sales to unfold over the remainder of the period.