Brigade Enterprises has announced the launch of its maiden luxury residential project Brigade Xanadu in Chennai.
In an interview to CNBC-TV18, Suresh Kris CFO of Brigade Enterprises spoke about when will bookings begin as well as about revenue contribution from the project.
Response to this new project has been very good, he said.
He expects Rs 350 crore of revenues from the first phase of this project.
Speaking about margins from this project, he said, "Margins will definitely be around 30-35 percent".
For full interview, watch video...
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