Managing Director Pavitra Shankar revealed the allocation split, with 70% of the planned capital directed toward residential projects, 20% toward office and retail, and 10% toward hospitality.
The 40m sq ft pipeline will be built across four segments, expanding the group’s existing 10m sq ft leasing portfolio and doubling its office and hospitality footprints, a move that aligns with the sector’s tilt toward mixed‑use developments.
The firm remains on track to hit its ₹9,000 crore pre‑sales target for FY27, citing a robust pipeline of launches and a land bank that should offset approval delays, while the company estimates the new developments will generate about 23,000 direct and indirect jobs.
Beyond residential, Brigade is venturing into industrial and warehousing projects and is evaluating a REIT to monetise its growing commercial and hospitality assets, though it says portfolio growth will precede any monetisation decision.
Work on the Morgan Heights project in Chennai remains stalled pending environmental approvals, but the company has refunded buyers and plans to resume once clarity is achieved, as similar approval issues affect other projects in the same zone.
Looking ahead, Brigade will focus on securing approvals in Karnataka and Hyderabad to drive FY27 sales, while monitoring RBI rate hikes that could temper sentiment, with the next earnings release scheduled for March 2025.