Eldeco Housing bookings hit ₹744 crore as margins climb
Record FY26 bookings were led by the Solano Gardens launch, though customer-led delays at Imperia Phase 2 are pushing back revenue recognition.
— 4 earlier stories on Eldeco Housing & Industries Ltd. →What's new
- Solano Gardens launch generated ₹384 cr, selling 79% of units in 10 days.
- Management raised Solano Gardens margin guidance to 35-40%, up from 25-30%.
- Imperia Phase 2 revenue recognition lowered to ₹130-150 cr due to possession delays.
Why this matters
The margin hike at Solano Gardens shows strong pricing power in a core market. The revenue deferral at Imperia Phase 2 proves that project timelines remain vulnerable to customer-driven delays despite a record year.
What we're watching
- Execution pace on the new ₹2,000 cr Lucknow land pipeline.
- Whether the margin guidance holds as construction costs fluctuate.
- Conversion of the remaining 21% of Solano Gardens inventory.
The full read
Eldeco Housing closed FY26 with ₹744 crore in bookings, a 120% surge over the prior year. The performance hinges on the Solano Gardens launch, which moved 79% of its units in 10 days and brought in ₹384 crore. Management raised margin guidance for the project to 35-40%, up from the 25-30% range flagged six months ago.
It is a strong result.
However, the company lowered its near-term revenue recognition for Imperia Phase 2 to ₹130-150 crore as customers delayed taking possession, and Eldeco added three Lucknow land parcels with a gross development value of ₹2,000 crore, expanding the total pipeline to ₹4,000 crore which the company intends to monetize over the next five to seven years.
Questions answered
- What drove the record bookings for FY26?
- Bookings reached ₹744 crore, a 120% increase, largely due to the Solano Gardens launch. That project alone contributed ₹384 crore after selling 79% of its units in just 10 days.
- How has the margin outlook for Solano Gardens changed?
- Management now expects a 35-40% blended margin for the project. This is an upward revision from the 25-30% range provided six months ago.
- Why was the revenue target for Imperia Phase 2 lowered?
- Revenue recognition for the project is now guided at ₹130-150 crore. The reduction stems from customer-driven deferrals in taking possession.
- How much has the company expanded its land bank?
- Eldeco added three land parcels in Lucknow with a gross development value of ₹2,000 crore. This brings the total development pipeline to roughly ₹4,000 crore.
- What is the timeline for monetizing the new land parcels?
- The company expects to monetize the current ₹4,000 crore pipeline over the next five to seven years.
Story so far
All notes on ELDEHSG →- 26 May 2026 · 5:07 PM IST Eldeco Housing bookings hit ₹744 crore as margins climb
- 1d ago Eldeco Housing eyes ₹4,000 crore pipeline after record bookings
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