Brigade to launch 10 housing projects, to invest Rs 3,000 cr on const: MD
Realty firm Brigade Enterprises will launch 10 housing projects this fiscal across Bengaluru and Chennai with an estimated construction cost of Rs 3,000 crore as it looks to encash rising demand for residential properties, its MD Pavitra Shankar said.
In an interview with PTI, she sounded extremely bullish on India's residential market and said the company would like to grow housing sales by 15-20 per cent during the current 2023-24 fiscal.
"Overall, the last financial year was very good, primarily driven by our residential and hospitality business. Things in retail were also very good and office was quite stable," Pavitra said.
Bengaluru-based Brigade Enterprises achieved a record sales bookings of Rs 4,109 crore, mostly housing with small portion of commercial properties, a 36 per cent growth from the 2021-22 financial year.
In terms of area also, sales bookings grew by 34 per cent to a record 6.3 million square feet.
"I think it's reflective of general demand by customers," sh