brigade

(1) Demand momentum is intact owing to favorable affordability despite 200bps increase in interest rate
(2) BEL expects to launch 13msf of projects over the next 12 months
(3) re-iterated its target to grow sales volumes by 15-20% over the next three years
(4) focus on business development to continue across Bengaluru, Chennai, and Hyderabad and
(5) expect commercial portfolio to be fully leased by Sep-23. On the back of a strong launch pipeline, we expect BEL’s pre-sales to record a 17% CAGR to 7msf by FY25.