Brigade group on April sixteen, 2024, introduced its key operational and economic highlights for FY24 and this autumn FY24 ended March 31, 2024. The enterprise executed pre-revenue of Rs 6,013 crore in FY24 and Rs 2,243 crore in this fall FY24 – the highest ever for each in terms of 1 / 4 as well as financial year. Moreover, the enterprise recorded an income of 7.fifty five million rectangular foot (msf) in FY24 and a pair of.72 msf in this autumn FY24. The common realisation for FY24 increased by 23% YoY. Collections for FY24 stood at Rs five,915 crore as against Rs five,424 Cr for FY23.
Below the operational leasing portfolio, leasing grew by using 14% YoY with 1 msf of extra region leased in comparison to FY23, reaching ninety seven% occupancy within the overall portfolio. The agency recorded incremental leasing of 0.20 msf inside the leasing portfolio in q4 FY24. within the hospitality vertical, the common occupancy stood at 72% (grown three bps) and ARR stood at round Rs 6,480 in FY24, marking an increase of round 8%.
In FY24, Brigade group launched five.26 msf in the residential vertical and 0.ninety four msf inside the industrial vertical. Moreover, the company has a wholesome pipeline of recent launches of around 12.61 msf within the residential segment, 6.33 msf in the industrial phase and 1.06 msf within the hospitality section.
Pavitra Shankar, coping with director, Brigade businesses, said, “The residential enterprise continued to force sales increase, with all other verticals of the company contributing notably and finishing sturdy within the monetary year. This year, we were capable of acquiring our exceptional ever operational performance, and we goal to leverage this overall performance in FY25.
Our outlook is constructive, as we believe demand for residential areas will continue to be strong. Our leasing efforts won momentum and a healthy boom in ARR in our hospitality vertical as properly. We are aggressively pursuing land acquisition possibilities in our target markets and hold to add excessive high-quality assets to our land financial institution.”
