Casagrand Premier Builder Limited IPO Details

Casagrand Premier Builder Limited is the largest developer in the residential sector. Established in 2003, the company has expanded its presence across major micro-markets in Chennai (Tamil Nadu). Casagrand offers a wide range of residential projects, including apartments of different sizes and independent villas with lifestyle amenities. These projects fall under luxury, mid-end, and affordable categories, primarily focusing on the mid-end segment.

The company also operates in other South Indian cities, including Bengaluru (Karnataka), Hyderabad (Telangana), and Coimbatore (Tamil Nadu).

Project Portfolio
As of May 31, 2024, Casagrand has:

• 101 Completed Projects with a total saleable area of 21.45 million square feet
• 42 Ongoing Projects with a total saleable area of 33.60 million square feet
• 17 Forthcoming Projects with an estimated saleable area of 13.15 million square feet

Sales Performance
In recent years, the company has recorded strong pre-sales volumes:

• Fiscal 2024: 7.24 million square feet (4,872 units)
• Fiscal 2023: 5.60 million square feet (3,966 units)
• Fiscal 2022: 4.12 million square feet (2,817 units)

Strong Market Demand
Casagrand is known for its fast-selling projects, with a large number of units sold within six months of launch.

For example:

• Casagrand Vivacity (Bengaluru) was launched on May 3, 2024, with 717 units. By May 31, 2024, 597 units (83.26%) were sold.
• Casagrand Suncity Phase I (Chennai) was launched on February 29, 2024, with 1,402 units. By May 31, 2024, 891 units (63.55%) were sold.
• Casagrand Casablanca (Bengaluru) launched on May 9, 2024, with 805 units. By May 31, 2024, 610 units (75.78%) were sold.

Workforce
As of May 31, 2024, Casagrand employs 4,358 permanent employees and 6,169 contract laborers.