Grand Housing Limited IPO

The company's business is dependent on the performance of, and the conditions affecting, the real estate markets in and around Chennai, Tamil Nadu. As of March 31, 2025, we did not have any Ongoing Projects in any other areas except in and around Chennai. Consequently, the company is exposed to risks from economic, regulatory and other changes as well as natural disasters in and around Chennai, which in turn may have an adverse effect on its business, results of operations, cash flows and financial condition.

Inability to complete its Upcoming Projects by their respective expected completion dates or at all could have a material adverse effect on the company's business, results of operations, cash flows and financial condition.

The company's residential and industrial development projects have long gestation periods and any delays and cost overruns in relation to its Upcoming Projects could adversely affect the company's business, results of operations, cash flows and financial condition.

The industry in which the company operates is competitive and highly fragmented resulting in increased competition that may adversely affect its results.

The company may not be able to successfully identify and acquire suitable land, which may affect its business and growth prospects.

In the event that the company is unable to acquire lands for which the company has entered into agreements for purchase or similar arrangements, or such agreements are held to be invalid or expire, the company may not be able to acquire the land and may also lose advances paid towards acquisition of such lands.

Problems pertaining to clearance of encroachment or getting possession from existing tenants especially in case of redevelopment projects could have a material adverse effect on its business, results of operations, cash flows and financial condition.

The company is subject to credit and performance risk from third-party contractors that assist the company on its projects. If the company's contractors fails to perform as required under its agreements with them the company's business, results of operations, cash flows and financial condition may be adversely affected.

The company experiences difficulties in expanding its business into additional geographical markets which may contribute to fluctuations in the company's results of operations and financial condition.

The company's inability to collect payments from its customers could result in the reduction of its profits and affect the company's cash flows.