Brigade Group's sales bookings have rose 70% annually to Rs 813.9 crore in the first quarter of this fiscal (Q1FY23) on better housing demand. The sales bookings of the company stood at Rs 480 crore in the year-ago period. The company sold housing properties worth Rs 742.8 crore in the April-June period of this financial year as against Rs 468.8 crore in the corresponding period of the previous year.
The company sold commercial properties worth Rs 71.1 crore in the first quarter of this fiscal year from Rs 11.2 crore previous year. The sales realisation increased to Rs 6,589 per square feet as compared with Rs 6,275 per square feet.
Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.
