Brigade Group is aiming for a 15 per cent increase in pre-sales for the current financial year, targeting ₹9,000 crore by March 2026. This comes on the back of pre-sales of around ₹7,800 crore in FY25, reflecting steady growth in the company’s residential and commercial operations.
Pradyumna Krishnakumar, executive director of Brigade Group, said the projected increase takes into account new project launches and operational factors impacting the business. The company expects its residential EBITDA margin to remain between 28–30 per cent for FY26, despite rising land and construction costs, which have increased by 8–10 per cent over recent years. Krishnakumar noted that careful underwriting of projects, including consideration of inflation and labour expenses, supports the company’s ability to maintain healthy margins.
On the commercial front, Brigade plans to develop approximately 10 million square feet of office space over the next five years. The company is also evaluating the possibility of establishing a real estate investment trust (REIT) to monetise its commercial assets. Typically, a REIT requires a minimum of 15–20 million square feet to be viable. Brigade aims to structure its portfolio to include a mix of properties and rentals that ensures a successful REIT launch in the future.
Currently, Brigade manages around 9.5 million square feet of commercial space, with over 8.5 million square feet leased. The company is completing a smaller project in Trivandrum, which has already been fully leased. Krishnakumar highlighted that the commercial vertical continues to perform strongly, supported by high occupancy rates and consistent collections, generating approximately ₹1,000 crore in annuity income annually.
In addition to ongoing projects, Brigade has seven to eight commercial developments under construction, involving a total investment of ₹1,000 crore. About 40 per cent of this investment has already been made, with the remainder to be deployed over the next two years. The company also plans to expand its managed workspace vertical, Buzzworks, by adding roughly 5,000 new seats over the next 12–18 months. Of these, 3,000 seats are currently under development in Bengaluru and Hyderabad. The shared office entity currently has just over 5,000 seats, primarily in Bengaluru and a smaller footprint in Hyderabad, with occupancy at about 80 per cent. Discussions are ongoing to fully lease the remaining space.
Brigade’s hospitality business, recently listed on the BSE and NSE, currently manages about 1,700 keys at various stages of design and development. The venture requires significant capital outlay, estimated at several thousand crore rupees, reflecting the company’s broader commitment to expanding across residential, commercial, hospitality, retail, and educational segments.
The developer operates across multiple Indian cities, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City. By maintaining a diverse portfolio and strategic focus on high-growth sectors, Brigade aims to strengthen its position in both residential and commercial real estate markets while ensuring sustainable growth and profitability.
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