1. The strength of the "Neelkanth" brand is crucial to our success. The brand "Neelkanth" is also used by the entities of the Bhimjyani Family and its erstwhile partners.
2. Our business is heavily dependent on the performance of, and the conditions affecting, the real estate sub markets in the Mumbai Eastern Suburbs and Thane City region. Consequently, we are exposed to risks from economic, regulatory and other changes as well as natural disasters in the Mumbai Eastern Suburbs and Thane City region, which in turn may have an adverse effect on our business, results of operations, cash flows and financial condition.
3. Inability to complete our Ongoing Projects and Upcoming Projects by their respective expected completion dates or at all could have a material adverse effect on our business, results of operations and financial condition.
4. Any uncertainty in our title to our real estate assets could have a material adverse impact on our current and future revenue.
5. Significant increases in prices (including for increase in taxes and levies) or shortage of or delay or disruption in supply of, construction materials, contract labour and equipment could adversely affect our estimated construction cost and timelines resulting in cost overruns.
6. We have some unsold units among our Ongoing Projects.
7. Our business is capital intensive and requires significant expenditure for land acquisition or development rights, and is therefore heavily dependent on the availability of real estate financing, which may not be available on terms acceptable to us in a timely manner or at all.
8. Our inability to identify and acquire land or development rights or shortage of land or a significant increase in cost of land in the regions in which we operate, may affect our business and growth prospects. Further, we may not be able to identify risks and liabilities associated with the land which we may acquire in the future, which may adversely impact our business prospects and financial performance.
9. We have not obtained certain approvals for some of our projects, and we are required to fulfill certain conditions precedent, which makes us incur additional costs and as a result, have an adverse effect on our business.
10. There are certain outstanding litigation proceedings involving our Company, Directors and Promoters an adverse outcome in which, may have an adverse impact on our reputation, business, financial condition, results of operations and cash flows.