Brigade Group is gearing up for one of its most ambitious launch years since it listed on the stock exchanges. The Bengaluru-headquartered developer has guided the market to a residential launch pipeline of 11.6 million square feet across roughly 14 projects for FY27, carrying a combined Gross Development Value (GDV) of ₹11,900 crore. Management has guided to 11.6 million sqft of residential launches across approximately 14 projects with a Gross Development Value (GDV) of ₹11,900 crore, with a target of 20% pre-sales growth to ~₹9,000 crore in FY27. For homebuyers tracking the South Indian residential market, this signals a wide spread of new project choices opening up over the next few quarters, from mid-segment apartments to premium and luxury addresses.
The scale-up follows a somewhat muted FY26, where residential pre-sales for the year came in at Rs 7,424 crore, down 5% year-on-year, a decline management attributed mainly to approval delays that pushed roughly 3.3 million square feet of planned launches into the new fiscal year. Residential pre-sales came in at ₹7,424 crore, down ~5% versus FY25 (₹7,847 Cr) primarily due to approval delays — many launches were pushed to Q4 or into FY27. New launches in FY26 totalled 8.3 million sqft versus a planned 12 million sqft. Essentially, a chunk of what was meant to hit the market last year is now folded into the FY27 pipeline, making it unusually large.
Geographically, the pipeline stays concentrated in Brigade's core southern markets. For FY 2027, the residential launch pipeline stands at 11.6 million sq ft with a GDV of INR 11,900 crores. We expect to launch 4.5 million sq ft in Bengaluru and 3 million sq ft each in Chennai and Hyderabad. The remaining square footage is expected to be spread across other markets where Brigade has an established presence, including Mysuru and Kochi. Bengaluru's dominant share reflects the city's continued weight in Brigade's overall business — Bengaluru accounted for 65% of Brigade's pre-sales in FY26, and the company is actively replenishing land there to sustain this pipeline.
On the demand side, Brigade is targeting a strong rebound. Brigade has set an ambitious target for FY27, aiming for pre-sales of at least ₹9,000 crore, which would mark a 20% increase from FY26. Early signs from the tail end of FY26 support this optimism: the fourth quarter of 2026 saw a 44% sequential increase in pre-sales to approximately ₹2,521 crore, while average price realizations improved by roughly 9% year-on-year, underscoring strong demand and disciplined pricing power. Management has also indicated that the approval bottlenecks of FY26 are largely resolved. Project approval related delays, which had impacted FY26 pre-sales (-5% YoY) and collections (flattish YoY) is said to be largely behind it.
A notable shift in the pipeline is the tilt toward mid-segment housing rather than the ultra-luxury category Brigade leaned into in recent years. Brigade is also shifting its residential strategy towards the mid-segment, moving away from its previous focus on ultra-luxury projects. On an earnings call, management clarified the internal segmentation: affordable is up to INR75 lakhs, then mid-segment to INR1.5 crores. Then premium portfolio is what we look at up until INR3 crores. And then above that is our ultra-luxury portfolio. So far, it's been around 30% and it will come down a little bit over the next financial year in terms of mix. This means buyers can expect more launches priced between ₹75 lakh and ₹3 crore in FY27, alongside a smaller share of ultra-premium inventory.
To feed this pipeline, Brigade has been actively adding land. The company added land parcels worth Rs 15,000 crore in GDV across 13 million square feet in FY26, concentrated 60% in Bengaluru and 30% in Hyderabad. Recent additions include a Kanakapura Road parcel in Bengaluru and a Kompally project in Hyderabad. The Kompally project, spread over 5.6 acres, is estimated to have a gross development value of ₹850 crore, aligning with the company's aggressive ₹5,000 crore investment roadmap for Hyderabad over the next 3–4 years. Brigade has also entered a large mixed-use joint venture in Bengaluru — a new 50-50 joint venture with Bain for a 10.8-acre project in Whitefield, Bangalore, which will include approximately 2 million square feet of office space and a 250-key 5-star hotel.
The launch push comes on the back of a financially healthy FY26. FY26 was a record year for the listed entity: consolidated revenue of ₹5,909 crore (+11% YoY from ₹5,313 Cr in FY25), EBITDA of ₹1,638 crore at a 28% margin, and consolidated PAT of ₹725 crore (+7% YoY from ₹680 Cr). The board also recommended a 1:3 bonus issue — the company's first bonus issue in seven years — and a ₹2 per share final dividend. The balance sheet remains conservative too: the balance sheet closed with debt-equity of 0.27 and the average cost of debt reduced by 110 basis points to 7.57%. This financial cushion gives Brigade room to fund its expanded launch calendar without over-leveraging.
For homebuyers, the takeaway is straightforward: FY27 should bring a wider choice of new Brigade projects than any recent year, weighted toward Bengaluru but with meaningful volumes in Chennai and Hyderabad as well, and a pricing mix that leans more toward mid-segment homes than before. As always with large pipelines, actual launch timing will depend on approvals, so prospective buyers should track individual project RERA registrations and site-visit updates as each project moves from announcement to sale.
