Eldeco reports Rs 596 crore pending across ongoing projects

Eldeco reports Rs 596 crore pending from seven ongoing projects, while its seven forthcoming projects cover 39,48,718 square feet of tentative saleable area across 74.0 acres. The ongoing portfolio had collected Rs 488.1 crore against Rs 1,084.2 crore of allotted-area value, and the future projects range from planning to layout approval.

How much is Eldeco yet to collect from ongoing projects?

Eldeco is yet to collect Rs 596 crore across seven ongoing projects, compared with Rs 488.1 crore already received. The project table puts the value of area allotted at Rs 1,084.2 crore, which equals the reported collections received plus the balance pending.

The seven projects have 25,71,887 square feet of saleable area, of which 23,64,090 square feet had been launched and 16,20,694 square feet allotted. This leaves 2,07,797 square feet of saleable area not yet launched and 7,43,396 square feet launched but not allotted, calculated from Eldeco’s project totals.

Which Eldeco projects hold the largest pending balances?

Eldeco Solano Gardens has the largest pending balance at Rs 278.4 crore, followed by Eldeco Trinity at Rs 101.4 crore and Eldeco Hanging Gardens at Rs 97 crore. These three projects account for Rs 476.8 crore, or about 80%, of Eldeco’s Rs 596 crore total pending balance.

Eldeco Solano Gardens also has the largest allotted-area value at Rs 432.4 crore and the highest reported collections received at Rs 154 crore. Its expected completion is June 2029, later than the November 2027 expected completion for Eldeco Latitude 27, which has Rs 59.8 crore pending.

The other four projects are Eldeco Skywalk with Rs 44.7 crore pending, Eldeco Imperia Avenue with Rs 9.9 crore, and Eldeco City Courtyard with Rs 4.8 crore, alongside Eldeco Latitude 27. Eldeco Trinity has collected Rs 95.4 crore against Rs 196.8 crore of allotted-area value, while Eldeco Hanging Gardens has collected Rs 52.3 crore against Rs 149.3 crore.

What is in Eldeco’s forthcoming project pipeline?

Eldeco’s forthcoming pipeline consists of seven projects with 39,48,718 square feet of saleable area across 74.0 acres. Eldeco defines forthcoming projects as projects yet to be launched for booking, and each listed project carries 100% economic interest.

The presentation states that saleable area is tentative until layout approval. Of the 39,48,718 square feet, Eldeco Namah is the only listed project shown as layout approved, with 5,96,812 square feet on 32.8 acres.

Shaheed Path is the largest forthcoming project by saleable area, at 10,06,635 square feet on 7.0 acres, and is awaiting final approval. LDA GH-8 has 7,35,302 square feet on 2.3 acres and LDA GH-7 has 5,61,892 square feet on 1.7 acres; both are under planning.

What approvals and land bank does Eldeco have for future projects?

Eldeco has 13,80,102 square feet of tentative saleable area in two projects awaiting final approval: Shaheed Path and Eldeco Palm Springs. Shaheed Path accounts for 10,06,635 square feet, while Eldeco Palm Springs accounts for 3,73,467 square feet on 19.5 acres.

The three projects listed as under planning, Eldeco City, LDA GH-8 and LDA GH-7, together have 14,53,776 square feet of tentative saleable area. Eldeco Solano Gardens adds a separate 5,18,028-square-foot forthcoming entry classified as future development, distinct from its ongoing project entry with Rs 278.4 crore pending.

Eldeco separately lists 67.5 acres of land bank for forthcoming projects under planning. The table includes 8.9 acres at Eldeco Namah, 8.3 acres at Undisclosed location 2, 50.3 acres at Undisclosed Location 3 and 4.9 acres at Eldeco Solano Gardens; the row values add to 72.4 acres, compared with the displayed total of 67.5 acres. The presentation provides no reconciliation, and Undisclosed Location 3 is shown as 50.3 acres under contract without a saleable-area figure.

Conclusion

Eldeco’s project tables show Rs 596 crore of pending collections associated with seven projects under execution and 39,48,718 square feet of tentative saleable area across seven projects yet to be launched for booking. Eldeco Solano Gardens is present in both sets of disclosures, with the largest ongoing balance of Rs 278.4 crore and a separate 5,18,028-square-foot future-development project.

The next disclosed milestones are expected completions from November 2027 to June 2029 and approval progress for the 13,80,102 square feet at Shaheed Path and Eldeco Palm Springs. Investors can also watch for layout approvals that may confirm tentative saleable areas and clarification of the 67.5-acre land-bank total against the 72.4 acres shown in its individual rows.