Established real estate developer in the North Indian market with a brand-led portfolio of residential projects diversified across micro-markets, asset classes and price points.
Large ongoing and forthcoming project pipelines backed by clear cash flow visibility.
Ability to enter and operate in markets across North India.
Execution capabilities with ability to deliver projects and a strong distribution network across multiple markets simultaneously.
Strong track record of our Promoter and the experienced and qualified management team along with our positive working environment fostering longevity.
The company has incurred net losses in the past. Any losses in future periods could adversely affect its financial condition, results of operations and cash flows and the trading price of the company's Equity Shares.
The company's business is significantly concentrated in the residential real estate segment. A limited presence in commercial and industrial segments may expose the company to segment-specific risks and limit its revenue diversification. Further, the company depends significantly on its residential development business which is subject to needs and preferences of the company's customers. The company's failures to continually anticipate and respond to customer needs may affect its business and results of operations.
During the Financial Years 2025, 2024 and 2023, 67.39%, 33.99% and 60.27%, respectively, of its total revenue from operations was derived from sale of its projects situated within National Capital Region ("Delhi NCR").The company is exposed to risks originating from regulatory, socio-economic, political and other changes in this region which could adversely affect the company's business, results of operations and financial condition.
The company has had net negative cash flows in the past and any negative cash flows in the future could adversely affect its cash flow requirements, which may adversely affect the company's ability to operate its business and implement the company's growth strategies.
The company is exposed to the risks pertaining to land acquisition, including inability to identify and acquire land or the rights connected hitherto, due to limited supply of land, increasing competition and applicable regulations, which may adversely affect its business, results of operations and financial condition.
The company's residential projects have long gestation periods and any delays and cost overruns in relation to its Ongoing Projects and Forthcoming Projects and could adversely affect its business, results of operations and financial condition.
The Company and its Promoter, Pankaj Bajaj, are promoters of Eldeco Housing and Industries Limited, which is a listed entity in the same line of business as the Company. Further, the company has entered into certain arrangements with Eldeco Housing and Industries Limited, which may lead to potential conflicts of interests. Any adverse outcome from such conflicts of interests may adverse impact on its business, financial condition and results of operations.
The company is regulated by RERA and must comply with its guidelines, including those related to project completion timelines. Failures to meet these timelines or other regulatory obligations may lead to actions against the Company and RERA may impose penalties against the company which could adversely affect its business, results of operations, financial condition and cash flows.
The company is required to obtain statutory and regulatory approvals, licenses or permits at various stages in the development of its projects. If the company fails to obtain, maintain or renew its statutory and regulatory approvals or permits, the company's business, results of operations, financial condition and cash flows could be adversely affected.
There are outstanding litigation proceedings involving the Company, Subsidiaries, Joint Venture, Group Companies, Directors, Key Managerial Personnel, Senior Management and Promoters and an adverse outcome may adversely affect its reputation, business, financial condition, results of operations and cash flows.