Brigade Enterprises' Property Sales Surge 31% to ₹7,847 Crore in FY 2024-25
Bengaluru-based real estate developer, Brigade Enterprises, reported a significant 31% increase in property sales to ₹7,847 crore in the 2024-25 fiscal year, driven by strong demand for residential properties.
Real EstateProperty SalesBrigade EnterprisesResidential PropertiesFinancial PerformanceReal EstateMay 18, 2025
In its latest investors' presentation, Brigade Enterprises highlighted that it achieved pre-sales of ₹7,847 crore in FY25, marking a substantial growth of 31% over the previous fiscal year, FY24. The company's sales bookings or pre-sales stood at ₹6,013 crore in the 2023-24 financial year.
Out of the total pre-sales in 2024-25, Brigade Enterprises sold residential properties worth ₹7,567 crore and commercial properties valuing ₹280 crore. The pre-sales volume for 2024-25 stood at 7.05 million square feet, reflecting a strong performance in both residential and commercial segments.
The average realization stood at ₹11,138 per square foot during 2024-25, a 40% increase over FY24, driven by the launch of premium projects. The company launched the highest-ever area of 9.5 million square feet, comprising 11 projects in the last fiscal year, further solidifying its market position.
On Wednesday, Brigade Enterprises reported an 18% increase in consolidated net profit to ₹249.35 crore for the March quarter, up from ₹210.86 crore in the year-ago period. Despite this, total income fell to ₹1,532.29 crore in the March quarter of the previous fiscal year from ₹1,762.62 crore in the year-ago period.
For the 2024-25 fiscal year, the company's net profit rose to ₹680.47 crore from ₹401.04 crore in the preceding year. Total income also increased to ₹5,313.54 crore in the last fiscal year from ₹5,064.15 crore in the 2023-24 financial year, indicating a steady financial performance.
Brigade Enterprises is one of the leading real estate developers in the country, with a significant presence in South India. The company specializes in developing residential, office, shopping mall, and hotel projects. It has a reputation for delivering high-quality properties and maintaining strong customer satisfaction.
In a strategic move to expand its business, Brigade plans to list its hospitality venture on stock exchanges. The company has already filed a Draft Red Herring Prospectus (DRHP) with the markets regulator, SEBI, to launch an Initial Public Offering (IPO). This move is expected to further strengthen the company's financial position and enhance its brand value in the hospitality sector.
Overall, the strong performance in property sales and financial metrics reflects Brigade Enterprises' ability to adapt to market dynamics and capitalize on emerging opportunities in the real estate sector.
Frequently Asked Questions
What was the total property sales value for Brigade Enterprises in FY2024-25?
Brigade Enterprises reported property sales worth ₹7,847 crore in the 2024-25 fiscal year.
By what percentage did Brigade Enterprises' property sales increase in FY2024-25 compared to the previous year?
Property sales increased by 31% in FY2024-25 compared to the previous year.
How much did Brigade Enterprises' net profit rise in FY2024-25?
The company's net profit rose to ₹680.47 crore in FY2024-25, up from ₹401.04 crore in the preceding year.
What is the average realization per square foot for Brigade Enterprises in FY2024-25?
The average realization stood at ₹11,138 per square foot in FY2024-25, a 40% increase over the previous year.
What major strategic move is Brigade Enterprises planning for its hospitality business?
Brigade Enterprises plans to list its hospitality venture on stock exchanges and has filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch an IPO.
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