Proven execution and complete sell-through in delivered projects - We have a demonstrated track record
of completing residential projects within or ahead of RERA timelines, with 100% sell-through achieved
in all completed projects.
Strong sales absorption across Ongoing Projects - Our Ongoing Projects have witnessed significant sales
absorption during the construction phase, supporting milestone-based collections and revenue visibility.
Recognised sales velocity in core operating markets - According to the ICRA Report, we are ranked as
Kerala's fastest-selling real estate developer, reflecting demand across our residential portfolio.
Improving sales performance and revenue visibility - Our sales value has grown at a CAGR of 45.10%
from Fiscal 2024 to Fiscal 2026, supported by higher realizations.
Balanced portfolio across stages of development - Our portfolio comprises Completed, Ongoing and
Upcoming projects, providing continuity of operations and visibility into future development activity.
Experienced Promoter and professional management team - Our operations are led by an experienced
Promoter and professional management team supported by strong in-house execution capabilities.
The company's business is entirely concentrated in the state of Kerala, and its performance is therefore highly
dependent on residential real estate market conditions, regulatory developments, economic factors
and climatic events in Kerala, any of which could adversely affect its business, financial condition,
results of operations and cash flows.
The timely execution and completion of the company's Ongoing and Upcoming Projects involve significant risks
and uncertainties, and any delays, cost overruns or inability to complete such projects could adversely
affect its business, results of operations and financial condition.
The company dependence on independent contractors and other specialist for construction and project
execution may exposes it to risks relating to delays, cost overruns, quality issues and execution
failures, which could adversely affect the company's business, financial condition, results of operations and cash
flows.
The company's revenues, profitability and return ratios fluctuate significantly over periods due to the project based
and milestone-linked nature of its real estate development business, which may make period to-
period comparisons difficult.
The company is subject to risks arising from increases in construction input costs, price volatility of key
materials and potential disruptions in supply chains, which may adversely affect project execution,
profitability, cash flows and financial condition.
The company's projects are subject to risks relating to obtaining, maintaining and renewing statutory and
regulatory approvals and any delay, failures or withdrawal of such approvals could adversely affect
its project timelines, business and financial performance.
The company cannot assure you that the Objects of the Issue will be achieved within the expected time frame,
or at all, and any variation in the utilization of the Net Proceeds would be subject to certain
compliance requirements, including prior shareholders approval.
The company's business is capital intensive and requires it to incur upfront investment for land acquisition
construction, regulatory approvals, and project management. Inability to fulfil the company's working capital
requirements adequately could adversely affect its business, results of operations and financial
condition.
Demand for the company's residential projects is dependent on the availability and affordability of housing
finance, as well as changes in taxation and stamp duty, and any adverse changes could affect its
sales, cash flows and financial condition.
The Company has entered into, and will continue to enters into, related party transactions and there
can be no assurance that such transactions will always be in the best interests of its minority
shareholders and will not have an adverse effect on the company's business, results of operations, financial
condition, cash flows and prospects.
