Eldeco reports Rs 596 crore pending, 39 lakh sq ft pipeline

Eldeco reports Rs 596 crore of pending collections across seven ongoing projects and a 38,95,251-square-foot forthcoming pipeline on 74 acres, while its ongoing portfolio has 9,33,330 square feet classified as available. The six forthcoming projects carry 100% economic interest, although their saleable areas remain tentative until layout approval.

How large is Eldeco’s ongoing project portfolio?

Eldeco’s seven ongoing projects have 25,71,887 square feet of saleable area, including 23,64,090 square feet launched and 16,20,694 square feet allotted. The schedule also records 17,863 square feet allotted to a partner and 9,33,330 square feet available across the portfolio.

The value of area allotted is Rs 1,084.2 crore, against which Eldeco has received Rs 488.1 crore in collections, leaving Rs 596 crore pending. Eldeco Solano Gardens is the largest project by project area at 18,52,384 square feet, compared with 1,53,767 square feet at Eldeco Latitude 27, the next-largest project on that measure.

Which projects account for Eldeco’s pending collections?

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 together account for Rs 476.8 crore of the Rs 596 crore pending in the ongoing-project schedule.

Eldeco Latitude 27 has the earliest expected completion date, November 2027, and Rs 59.8 crore pending. At the other end of the schedule, Eldeco Solano Gardens and Eldeco Imperia Avenue are both expected to complete in June 2029; their pending balances are Rs 278.4 crore and Rs 9.9 crore, respectively.

How much area is available in Eldeco’s ongoing projects?

Eldeco reports 9,33,330 square feet as available in its seven ongoing projects, while 2,07,797 square feet of total saleable area had not been launched at the time of the presentation. That difference is calculated from 25,71,887 square feet of saleable area and 23,64,090 square feet launched.

Eldeco Solano Gardens has 2,87,631 square feet available, the largest disclosed amount, followed by Eldeco Trinity at 2,74,849 square feet and Eldeco Skywalk at 2,06,339 square feet. In contrast, Eldeco Imperia Avenue has 7,301 square feet available and Eldeco City Courtyard has 20,627 square feet, alongside expected completion dates of June 2029 and March 2028.

What is in Eldeco’s forthcoming project pipeline?

Eldeco lists six forthcoming projects with 38,95,251 square feet of tentative saleable area across 74 acres, all carrying 100% economic interest. Eldeco defines forthcoming projects as projects yet to be launched for booking and states that saleable area is tentative until the layout is approved.

LDA GH-7 & GH-8 is the largest listed forthcoming project, with 12,97,194 square feet of saleable area on 4 acres and a status of under planning. Shaheed Path follows with 10,06,635 square feet on 7 acres and is awaiting final approval, while Eldeco Namah has 5,96,812 square feet on 32.8 acres with its layout approved.

What approvals and land aggregation remain for Eldeco?

Eldeco has one listed forthcoming project with layout approval, Eldeco Namah, while Shaheed Path and Eldeco Palm Springs await final approval. The two approval-pending projects represent 13,26,635 square feet of tentative saleable area, compared with 5,96,812 square feet at layout-approved Eldeco Namah.

Eldeco separately identifies 67.5 acres of land bank for forthcoming projects under planning. This includes 50.3 acres at Undisclosed Location 3 under contract, while 8.9 acres at Eldeco Namah, 8.3 acres at Undisclosed Location 2 and 4.9 acres at Eldeco Solano Gardens are under further aggregation.

How does Eldeco’s pipeline compare with recent operating activity?

Eldeco booked 10.8 lakh square feet in FY26, compared with 5.1 lakh square feet in FY25, and the value of area booked rose to Rs 743.9 crore from Rs 337.5 crore. In H1FY27, area booked was 2.1 lakh square feet and the value of area booked was Rs 200.6 crore.

Average realisation increased to Rs 8,121 per square foot in H1FY27 from Rs 6,909 per square foot in FY26. Over the same periods, the value of construction was Rs 117.7 crore in H1FY27 and Rs 177.7 crore for FY26, while Eldeco’s disclosed forthcoming pipeline totals 38,95,251 square feet before any additional land-bank development.

Conclusion

Eldeco’s disclosed position combines Rs 596 crore in pending collections from ongoing projects, 9,33,330 square feet classified as available and 38,95,251 square feet of tentative forthcoming saleable area. Eldeco Solano Gardens is the largest current source of pending collections at Rs 278.4 crore, while LDA GH-7 & GH-8 and Shaheed Path together represent 23,03,829 square feet of the stated forthcoming pipeline.

The next disclosed milestones are the November 2027 to June 2029 expected completion dates for ongoing projects, final approvals for Shaheed Path and Eldeco Palm Springs, and progress on 67.5 acres under contract or further aggregation. Eldeco also notes that its forthcoming saleable-area figures remain tentative until layouts are approved.