What drove the 120% increase in sales bookings?

The surge to **₹744 crore** was primarily driven by the launch of the Solano Gardens project.

What is the company's total development pipeline value?

Eldeco has a total gross development value of **₹4,000 crore**, which it plans to monetize over the next five to seven years.

How much revenue does the company expect from Imperia Phase 2?

Management projects revenue recognition of **₹130-150 crore** from this project in the coming fiscal year.

What is the expected construction budget for FY27?

The company expects its construction spend to rise to **₹200 crore** in the next fiscal year.

Earnings · Real Estate · Micro cap

Eldeco Housing eyes ₹4,000 crore pipeline after record bookings

The developer reported a 120% jump in annual sales to ₹744 crore, with management now targeting a ₹200 crore construction spend for FY27.

— 4 earlier stories on Eldeco Housing & Industries Ltd. →

ELDEHSG By Tipsheet Editorial 29 May 2026 · 4:39 PM IST Verify on BSE · NSE

Mkt cap₹808 cr

P/E33.28×

ROE5.60%

Debt / eq.0.30

Div yld1.13%

₹744 crore Annual sales bookings for the fiscal year.

What's new

Annual sales bookings rose 120% to ₹744 crore, led by Solano Gardens.
Three new Lucknow land parcels added ₹2,000 crore to the development pipeline.
FY27 construction spend is projected to reach ₹200 crore.

Why this matters

Eldeco is moving from a period of high-growth bookings to execution. The shift toward a ₹4,000 crore gross development value pipeline suggests management is confident in its ability to scale within the Uttar Pradesh market.

What we're watching

Revenue recognition of ₹130-150 crore from Imperia Phase 2.
Execution speed on the newly acquired Lucknow land parcels.
Whether margins hold at the 35-40% guidance for Solano Gardens.

The full read

Eldeco Housing finished the year with ₹744 crore in sales bookings, a 120% increase over the prior year. The company is now pivoting toward execution, with a total development pipeline valued at ₹4,000 crore. Management added three new land parcels in Lucknow, contributing ₹2,000 crore to that total. For the coming year, the company expects to recognize ₹130-150 crore in revenue from its Imperia Phase 2 project, which is tracking ahead of schedule. To support this growth, construction spending is set to climb to ₹200 crore in FY27. With blended margins for its flagship Solano Gardens project guided at 35-40%, the company is betting on its ability to sustain profitability while scaling its footprint in Uttar Pradesh. The next test is whether the company can convert this pipeline into cash flow at the projected margins.

Questions answered

What drove the 120% increase in sales bookings?: The surge to ₹744 crore was primarily driven by the launch of the Solano Gardens project.
What is the company's total development pipeline value?: Eldeco has a total gross development value of ₹4,000 crore, which it plans to monetize over the next five to seven years.
How much revenue does the company expect from Imperia Phase 2?: Management projects revenue recognition of ₹130-150 crore from this project in the coming fiscal year.
What is the expected construction budget for FY27?: The company expects its construction spend to rise to ₹200 crore in the next fiscal year.

Mentioned: Solano Gardens · Imperia Phase 2 · Lucknow

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on ELDEHSG →

29 May 2026 · 4:39 PM IST Eldeco Housing eyes ₹4,000 crore pipeline after record bookings
4d ago Eldeco Housing bookings hit ₹744 crore as margins climb
5d ago Eldeco Housing hits record ₹743.9 cr in sales bookings
5d ago Eldeco Housing reports 24% revenue growth in FY26
5d ago Eldeco Housing reports 24% revenue growth and lifts dividend to ₹9