• Pre-sales guidance: Brigade maintained its full-year FY27 pre-sales target of ₹9,000 crore despite having no residential launches in Q1, expecting sales to be split equally between existing inventory and new launches planned across Q2, Q3, and Q4.
• Land bank monetization: Around 70% of the land bank is earmarked for residential development, representing roughly 32 million square feet of developable area with an estimated gross development value of ₹40,000–₹45,000 crore to be monetized over an average five-year roadmap.
• Morgan Heights exposure: Management clarified that the project is a joint development with no direct land investment and that total invested capital is sub-₹100 crore rather than ₹650 crore, noting that customer bookings have been refunded while the matter remains sub judice.
• Hospitality revenue share: Revenue contribution from the hospitality segment is expected to remain around 10% to 15% by FY31 despite a planned expansion to 3,300 keys and ₹3,600 crore in capex, as the commercial and residential segments will also scale up simultaneously.