Brigade Enterprises’ property sales rise 31% to ₹7,847cr in FY 2024-25

Realty company Brigade Enterprises sold assets valued at Rs 7,847 crore in the last financial year, reflecting a 31 percent annual growth due to improved demand for its residential offerings. In its most recent investor presentation, Brigade Enterprises, located in Bengaluru, announced that it recorded “pre-sales of Rs 7,847 crore in FY25, marking a 31 percent increase compared to FY24”.

Its sales orders or pre-sales reached Rs 6,013 crore in the financial year 2023-24. According to the presentation, in the total pre-sales for 2024-25, Brigade Enterprises sold residential properties amounting to Rs 7,567 crore and commercial properties totaling Rs 280 crore.

The pre-sales volume for 2024-25 was 7.05 million square feet. The average realization for this period reached Rs 11,138 per square foot, marking a 40 percent rise compared to FY24, spurred by the introduction of premium projects.

The firm introduced a record area of 9.5 million square feet featuring 11 projects in the previous fiscal year. On Wednesday, Brigade Enterprises announced an 18 percent rise in consolidated net profit to Rs 249.35 crore for the quarter ending in March. Its net profit was Rs 210.86 crore in the same quarter last year.

Total income, nonetheless, decreased to Rs 1,532.29 crore in the March quarter of the last financial year, down from Rs 1,762.62 crore in the same quarter a year earlier. In the 2024-25 financial year, the firm’s net profit increased to Rs 680.47 crore from Rs 401.04 crore the year before. Total revenue increased to Rs 5,313.54 crore in the previous fiscal year from Rs 5,064.15 crore in the 2023-24 fiscal year.

Brigade Enterprises stands out as a prominent real estate developer in the nation. It holds a notable presence in South India. The firm creates projects for residences, offices, shopping centers, and hotels.