Sushil Kumar

DIRECTOR

Director’s Message

This has been another year of excellent progress for the Company, delivering significantly improved financial returns and continuing to invest in an organized and structured manner toward future growth.

The Indian real estate market, although subdued, remains active for new homes and remains strong in Patna compared to the rest of India. Faced with this strong market scenario, we continue to advance in our own progress (projects) and developments in all our businesses. We continue to focus on rapid return on investment and expanding into new verticals and businesses to improve targets and increase returns.

The fact that we delivered our highest completion projects over the 10 years while remaining at the forefront in terms of quality and customer service standards is a great testament to our business model and the dedication of our team.

This testimony is also reflected year after year with 75% of our homeowners continuing to refer us to a friend, an exceptional achievement in this competitive industry.

We are on track to complete the projects with improved gross margins and larger-scale projects in desirable and sought-after residential Patna locations. Our offering is not only suitable for locals but also for investment opportunities that HNIs are looking for.

While providing excellent financial performance and returns to our buyers, we have continued to invest for the future despite the fact that the land market is plagued with problems, we have managed to enter into strategic Joint Venture agreements, ensuring continuity and a stronger presence for the long term.

Our commercial policy of strategic links together with the expansion of our commercial portfolio together with our commercial model ensures that the Company remains strong and dynamic.