Questions across 5 calls

Nirupa Shankar

Firm not listed in source transcripts

Brigade Enterprises Limited

Brigade Enterprises Limited CC-May26.pdf · 2026-05-07

Hi, good afternoon. This is Nirupa here. Yes, Amazon has vacated their space. They had about 630,000 square feet that they vacated. We have leased a couple of floors. So, we've leased close to 100,000 square feet of that. And on line of sight, there are lot of client interactions and the idea is to lease it out over the next couple of quarters. So, there are very high -potential client visits that are happening on a regular basis. What we expect is that there may not be one single client that comes to pick up the entire space, and we're expecting the leasing to happen either floor-wise or maybe 2 to 3 floors at a time.

Yeah. I think with the way the current market condition is, -- we should look to expect between -- anywhere between 10% to 15%. In some cases, if it's half a floor, it's gone up to even 20%, but expecting larg er transactions of 2 floors, et cetera, I think a normal increase of 10% to 15% is expected.

Brigade Enterprises Limited CC-Dec24.pdf · 2025-01-31

Yes. So for the commercial portfolio, currently, we have two projects that will soon come into the portfolio. One is, of course, Brigade Twin Towers and one is Padmini Tech Valley. So ongoing, we have about 2.67 million square feet of v arious office projects are ongoing right now. But in the next quarter, you will see that Brigade Twin Towers will come into the portfolio. So that's a 1.2 million square feet project, about 53 0,000 is for sale. So that will come under the real estate side and the balance will be under the lease. So we've already done some sales in that project, almost close to 2 lakh sales in the for-sale segment of Brigade Twin Towers.

No. So about 6.6 lakh square feet for lease. And rig ht now, our strategy is to first do the sales. We are still entering a lot of RFPs for that project . But right now, nothing has been leased. A smaller portion has been taken for working space, b ut the remaining right now, the focus is on sales because the rate we've been able to get has been a good healthy rate. And that market seems to be wanting to buy and it seems to be like a more end user-driven market.

Brigade Enterprises Limited CC-Sep24.pdf · 2024-11-14

Yes, Nirupa here. See, basically, every time we take on a commercial project, it really depends. But overall, we expect projects of 5 million square feet in the comm ercial segment. And all of that is actually just for leasing. But sometimes in case there is a very good opportunity, we might consider a sale for that. But currently, we have about 2.5 million u nder construction, which is currently all slated for leasing. Right now, only for Brigade Twin Towers, one tower, 550,000 square fee t is slated for sale. We are also looking at Padmini C block for sale.

Not so. As I mentioned earlier, it is for the residential business. So it is not for hospitality.

Brigade Enterprises Limited CC-Jun24.pdf · 2024-08-07

So typically, what we've seen is that Q1 is generally a slightly softer quarter compared to Q4 or Q3. The revenue that we have seen has actually gone up by 13% if we compare it to Q1 of last year. So there was growth and a typical hospitality strategy varies between an occupancy versus an ARR strategy. So in this case, we're focused on improving our occupancy, so that has increased by 9% or so. And the balance has come from the ARR. So as I mentioned, there's been a 13% improvement in the revenue from this quarter compared to the same quarter last year.

Yes. So for these, I think it depends on each micromarket. So we'll get back to you on these numbers. So it will vary micromarket to micromarket. So we have to figure exactly when these will come into the market, what will be the leasing traction for each of these and then calculate. So we'll get back to you on this.

Brigade Enterprises Limited CC-Mar24.pdf · 2024-05-30

Yes. So for the hospitality portfolio, we -- as mentioned in the presentation, we are doing a few new launches or we are launching a few projects this year. Two of the projects will be with Marriott, with Fairfield by Marriott and one is with Holiday Inn or IHG Group. Last year, we had mentioned that we are setting up a resort in Chennai, and that is partnered with Grand Hyatt. And we will be doing another hotel in Brigade Neopolis in Hyderabad, and that will be an intercontinental hotel brand. So we signed up with all these companies for those hotels. And in terms of the growth in the industry, we saw a 10% growth in the average realization and I expect this to continue for the year ahead because there will be -- occupancy has also improved. So if you look at the RevPAR -- from a RevPAR perspective, the growth has been 15% or so, but we are expecting at least 10% growth in the ARR, and maybe a slight increase in the occupancy because they're already trading at around 75%.

There's also a lot of end users that are looking at in that market. While there are RFPs in the market, that particular Northwest Bangalore area, there are a lot of end user driven requests, and that's also another reason why we decided to keep one tower for sale because of end users.