Brigade Enterprises FY26 Presales Update & FY27 Growth Outlook

Brigade Enterprises, one of South India's most established real estate developers, closed FY26 with residential presales of Rs 7,424 crore, a modest 5% decline from the Rs 7,847 crore recorded in FY25. According to the company's Managing Director Pavitra Shankar, the softer numbers were largely a timing issue rather than a demand problem. Speaking to analysts after the Q4 results, she explained that this was primarily on account of delays in obtaining approvals, with many project launches pushed to the latter half of Q4 and some moving into FY27. For homebuyers tracking Brigade's pipeline, this simply means several anticipated launches have shifted into the current financial year rather than disappearing altogether.

Despite the dip in bookings, Brigade's underlying business fundamentals stayed strong. The company's net profit rose to Rs 724.76 crore in FY26 from Rs 680.47 crore a year earlier, while total income grew to Rs 5,909 crore from Rs 5,313.54 crore in FY25. Encouragingly, average realization (the price per square foot buyers are paying) climbed 9% year-on-year to Rs 12,109 per square foot for the full year, reflecting Brigade's push into higher-value homes and disciplined pricing across its existing projects. New launches still contributed 43% of the year's presales even though they were concentrated in the back half of the year, and sustenance sales from ongoing projects made up the remaining 57%.

One notable disruption during FY26 was a temporary regulatory pause on sales at Brigade Morgan Heights in Chennai. The issue was resolved in the developer's favour by the Madras High Court, and the company has chosen to relaunch sales in a phased manner following the Tamil Nadu state elections, with the project now excluded from the FY27 launch pipeline count due to a separate environmental clearance matter.

Looking ahead, Brigade has set a confident tone for FY27. Management has guided for at least 20% presales growth over FY26, translating to a target of roughly Rs 9,000 crore for the year. This is backed by a substantial residential launch pipeline of 11.6 million square feet with an estimated Gross Development Value (GDV) of Rs 11,900 crore, weighted heavily towards Bengaluru and Hyderabad, which together account for 90% of new project additions. During FY26 alone, Brigade added Rs 15,000 crore of GDV across 13 million square feet to its portfolio, positioning it for the launches to come.

The first quarter of FY27 has already shown some encouraging signs. Real estate realizations grew 21% year-on-year to Rs 14,256 per square foot, and while Q1 presales of Rs 1,050-1,061 crore were modest against the annual target, management reaffirmed that it remains on track to meet FY 2027 pre-sales guidance of INR 9,000 crores, expecting momentum to build meaningfully as the launch pipeline of over 12 million square feet (on a rolling four-quarter basis) comes to market from Q2 onward. Roughly 9.36 million square feet of this pipeline is planned for the remaining quarters of FY27, split between Q2 and a larger tranche in the second half.

For prospective homebuyers, this update carries a few practical takeaways. First, Brigade's pricing trend is clearly upward, so buyers eyeing a specific project or micro-market may benefit from acting before further launches push realizations higher. Second, the concentration of upcoming supply in Bengaluru and Hyderabad suggests these two cities will see the bulk of new Brigade inventory over the next year, spanning multiple configurations and price points. Third, despite the FY26 presales dip, Brigade's profitability and cash discipline remained healthy, an important signal of financial stability for anyone considering a long-term investment or booking in an under-construction project.

Brigade's broader business also continues to diversify beyond residential. The company's commercial leasing portfolio saw cumulative leasing of about 1.1 million square feet in FY26, with Global Capability Centre (GCC) tenants forming the primary demand driver. The company has also entered a new 50-50 joint venture with Bain for a 10.8-acre commercial and hospitality project in Whitefield, Bangalore, underscoring its intent to grow beyond housing into integrated, mixed-use development. As FY27 unfolds, homebuyers can expect a fuller calendar of Brigade launches across residential formats, particularly in South India's key growth corridors.