During the quarter, BEL launched projects spanning ~3 msf (~6 msf for FY21). The company indicated that 30% of the sales value were from new projects in Q4FY21 and Hyderabad & Chennai accounted for 40% of the volumes. Going ahead, BEL has a launch pipeline of 1.43 msf (BEL's share: 0.91 msf) and further projects worth ~2 msf is likely to get approval for launch within the next two quarters. This should aid sales volume ahead along with continued traction in ongoing projects (~7.2 msf of area to be sold) as well as land bank of ~27 msf. Post a strong 4.6 msf sales volume in...