• FY27 revenue guidance: The company expects to exceed its ₹1,000 to ₹1,200 crore target, comprising ₹400 crore from the Malabar Retreat residential project, ₹800 crore from land sales, and ₹20 to ₹50 crore from initial rental income.
• Malabar Retreat execution: The residential project is 95% complete with 50% booked, expecting completion in December and occupancy certification in February; book margins are projected at 60% to 70% due to low historical land acquisition costs.
• Million Minds leasing: Phase 1 has signed LOIs for roughly 80% of its 7 lakh sq ft carpet area to generate ₹80 crore annually once stabilized, while Phase 2 (1.5 million sq ft) will launch in two months with a ₹500 crore capex to deliver another ₹80 to ₹90 crore in annuity rentals within 30 months.
• Land monetisation strategy: The company monetised its 14,000-square-yard Thaltej land parcel for a corporate hospital and is selectively monetising parts of its 410-to-420-acre Godhavi land bank to fund area infrastructure, new land purchases, and project development.