Key takeaways of the all

Launches to the extent of about 11 million square feet (msf) are planned for the next few quarters across the four segments including about 5 msf in the affordable housing segment.

New sales volume in Q3FY18 was 0.46 msf (valued at Rs 262 crore) translates into a sequential rise of 26% from Q2FY18 figure and year on year growth of 54% from Q3FY17 figure.

Unrecognized Revenue on ongoing real estate projects (including unsold) is Rs 4396.7 crore.

Construction of World Trade Centre at Chennai with a leasable area of 2 msf has commenced in Q3FY18.

The fifth Hotel, Holiday Inn Express & Suites Bengaluru Racecourse having 274 Keys started commercial operations from November 2017.

Not much of new launches in last 3 quarter have resulted in muted revenue in Q3FY18. However the increase in margin is due to completion of ongoing projects.

Affordable Housing projects such as Brigade Cornerstone and Brigade Eldorado (5.5 msf) will be developed/launched in phases over next 3 years.

BIPPL a fully owned subsidiary of BEL has acquired a 12.95 acre land parcel in Yeswanthpur, North Bangalore for sale consideration of Rs 218 crore. The property is strategically located for developing an Information Technology Park.

Construction of four commenced projects for sales i.e. Brigade Senate 1 & 2, Brigade Southfield, Brigade Deccan and Brigade Orchard is already commenced. But the launch for sale that is likely in Q4FY18 will happen only after RERA registration.

Of the Rs 243.5 crore of investment in Q3FY18 towards land/JD/JV/TDR is largely to SAB Miller land acquisition and balance is towards JD including that of Hyderabad and part payments towards other JDs signed earlier.