Strong, experienced and dedicated senior management team and qualified workforce.
Acquisition in Aurika Developers LLP.
Ability to provide good services and customer satisfaction.
Ability to scout for new opportunities and capitalising the same.
Consistent track record of growth and financial performance.
Ability to serve diverse customer needs.
The company generates a substantial portion of its revenue from a limited number of key customers, and the company does not maintain long-term contractual arrangements with them. Accordingly, any reduction in the volume of business from such customers, or the termination or non-renewal of existing project specific arrangements, could have a material adverse effect on the company's business, cash flows, financial condition, and results of operations.
The company operations are geographically concentrated in two states i.e. Uttar Pradesh and Haryana, and any adverse developments in these markets may materially and adversely affect its business, financial condition, and results of operations.
The company's revenue is significantly dependent on its brokerage and related activities, which exposes the company to certain business and operational risks.
The company's business is significantly concentrated in the residential real estate segment. A limited presence in commercial may expose it to segment-specific risks and limit the company's revenue diversification.
The Company does not own the premises where its registered office, correspondence office and corporate office is situated, and also shared amongst the group entities, the company has entered into a rent agreement for the same. Any termination or dispute in relation to this rental agreement may have an adverse effect on its business operations and results thereof.
The Company, its Directors and Promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
The company's inability to obtain, renew or maintain the statutory and regulatory permits, licenses, registrations and approvals required for its business, including the renewal of the company's expired registration with the Uttar Pradesh Real Estate Regulatory Authority ("UP RERA"), may adversely affect its business, financial condition, results of operations and prospects.
The company faces competition from Indian companies and Local Brokers and its may be unsuccessful in competing against current and future competitors, which could have an adverse impact on the pricing of the company's services as well as increase the costs associated with growing its customer base.
The company has a limited operating history and may be subject to risks inherent in early stage companies, which may make it difficult for you to evaluate the company's business and prospect.
The company Proposed Inventory Underwriting Objective may faces execution risks due to non-identification of specific inventory.
