Eldeco Housing expects to make around ₹5,500 crore worth of revenues in the next five to six years. This would be on the back of their current, future, and already acquired projects. These were disclosed by Chairman & Managing Director Pankaj Bajaj in the earnings call of Q2 FY27.
The corporation is expecting that its present projects will yield about ₹1,600 to ₹1,700 crores in the next two years. The total area for development under these projects is around 24–25 lakh sq. ft.
The pipeline of its future projects amounts to a total of 3.5 to 4 million sq. ft. worth of development. Eldeco Housing estimates that these projects will generate projected revenue of between ₹3,000 crore and ₹3,200 crore, based on an assumed realisation of ₹7,000 to ₹8,000 per sq. ft. Its land bank would generate approximately ₹1,000 crore in revenue as well.
Eldeco Housing is targeting three project launches before March 2027. These include Shaheed Path, Palm Springs and Eldeco Namah. Other projects in the pipeline may enter the market during the next financial year.
The company has received layout approvals for around 32 acres of land at Eldeco Namah. It is now in the process of registering for RERA. The developer is also acquiring another 8.9 acres of land adjacent to the already acquired plot. Any more acquisitions will need approval and can push the project to the next fiscal year.
Eldeco Housing is also preparing two residential developments on land acquired from the Lucknow Development Authority. These projects are known as LDA GH-8 and LDA GH-7. Both developments are located close to the proposed Shaheed Path project.
The development that will be introduced first is Shaheed Path, and then the LDA will introduce developments within six months. This means that if Shaheed Path launched within March 2027, it would imply that the two LDA developments launched within September 2027. Installments will pay for the LDA land, which would assist capital management.
Eldeco Housing, on the other hand, anticipates that the Latitude 27 project will contribute a total revenue of ₹265 crore to ₹270 crore. The development has a total sellable area of about five lakh square feet. The company has allotted four lakh square feet for ₹213 crore. About 90,000 square feet is still available for sale.
The outstanding inventory can realize an approximate value of ₹63 crore based on the realizable value of ₹7,000 per sq. ft. The sales realization of the project stands at approximately 80%. Construction work is proceeding faster than anticipated. The firm plans to seek its completion certificate in Q4 of FY27. The revenue recognition process will commence either in March or June 2027.
Apart from Lucknow, Eldeco Housing is also seeking ventures in Gorakhpur. The firm has entered into a term sheet, albeit in principle, with the landowners there. This may help the firm in expanding to another market in Uttar Pradesh.
There is a plan by the developer to increase its business by more than three times in the coming five to six years. Lucknow still plays a very significant role in the market for this organization. Infrastructure and demand for residences continue to expand.
