(1) Demand momentum is intact owing to favorable affordability despite 200bps increase in interest rate
(2) BEL expects to launch 13msf of projects over the next 12 months
(3) re-iterated its target to grow sales volumes by 15-20% over the next three years
(4) focus on business development to continue across Bengaluru, Chennai, and Hyderabad and
(5) expect commercial portfolio to be fully leased by Sep-23. On the back of a strong launch pipeline, we expect BEL’s pre-sales to record a 17% CAGR to 7msf by FY25.


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