We expect Brigade Enterprises (BRGD) to see continued traction across business segments over H2FY23-FY25E. With another 13.2msf of residential launches linedup mainly in Bengaluru (11.3msf of apartments and 1.9msf of plots), over H2FY23 and FY24, we model for sales bookings of Rs36.5bn in FY23E, Rs43.4bn in FY24E and Rs51.1bn in FY25E.