1. Rivaan completion by Dec 2026 - The 112-unit, ₹73.5 Cr GDV Goregaon West project has reached the 17th slab of 20, with management pushing for completion by December 2026 against a RERA timeline of three years. Revenue recognition accelerates as the largest ongoing project moves from construction to handover, with only six units left to sell.
2. Shree Pranam revenue conversion - The Versova project (₹114 Cr GDV, 1,00,000 sq ft) has achieved 30-35% booking conversion and registrations are expected in Q1 FY27. Management expects this to be a major FY27 revenue contributor, bringing a large-ticket project into recognised revenue for the first time.
3. Joshville near-sellout launch - The Santa Cruz West project (₹36.39 Cr GDV) launched with nearly 70% of GDV already pre-sold and only 15% of inventory remaining unsold as of Q4 FY26. Registrations expected in the current quarter mean the bulk of project revenue lands in FY27 with minimal selling effort left.
4. Meghna One IT Park launch - The 2,56,000 sq ft Grade A commercial project in Thane (₹273 Cr GDV) is ready for launch, with RERA expected by end-June 2026 and launch date blocked for June 22, 2026. At ₹273 Cr, this single commercial asset is larger than the combined GDV of all ongoing residential projects and opens a new revenue stream outside residential redevelopment.
5. Bandra West entry (Bharti CHS) - The upcoming Bandra West project carries an estimated GDV of ₹283.5 Cr across 85,000 sq ft, with launch in Q2 FY27 and bookings reflecting in Q3 FY27. This is the single largest GDV project in the disclosed pipeline and marks entry into a premium micro-market where per-square-foot realisations are materially higher.
6. Pipeline doubling to ₹4,200+ Cr GDV - Management targets at least doubling the current ₹2,100 Cr GDV over the next two years, with four named projects plus seven to eight additional projects already signed up and approvals expected by Q2-Q3 FY27. The disclosed pipeline already lists over ₹1,900 Cr in upcoming project GDV, providing line-of-sight to the target without assuming new additions.
7. Kandivali East land bank (Akruli) - The largest pipeline project at 5,00,000 sq ft and ₹550 Cr GDV has completed first-stage land registration, with second-stage clearance pending height changes from MOD. Self-funded to date, this single project equals roughly a quarter of the current total GDV and represents the biggest concentrated value-unlock in the pipeline.
8. South Mumbai entry (Bole Smruti) - A development agreement is signed for a 32,300 sq ft residential project in Dadar/Prabhadevi with an estimated GDV of ₹114 Cr, where management notes entry at a discount to the ₹1.2-1.4 lakh per sq ft market rate. This opens a new premium micro-market where even modest project sizes carry high absolute GDV.