Climate Change Data

Environmental Metrics

Environmental Challenges

• General recession in the real estate sector during the financial year 2017-18.
• Demonetization in November 2016 impacting land sales.
• RERA and GST announcements causing inertia due to confusion among buyers and developers.
• Higher interest rates impacting demand for property.

Mitigation Strategies

• Launch of new projects under affordable housing schemes.
• Cost reduction initiatives.
• Emphasis on affordable housing in tier II and III cities.
• Robust risk management policies and guidelines.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001:2008

Third-party Assurance: Dewan P.N. Chopra & Co., Chartered Accountants

Environmental Metrics

Environmental Challenges

• General recession in the real estate sector.
• Demand-supply gap in key real estate markets.
• Lower than expected price appreciation in real estate.
• Sluggish growth impacting the real estate sector.
• Difficulty in augmenting sales and collections.
• Meeting financial commitments to stakeholders.
• Demonetization, RERA, and GST implementation.
• Higher interest rates on home loans.

Mitigation Strategies

• Launch of new projects under affordable housing schemes.
• Cost reduction initiatives.
• Emphasis on affordable housing in tier II and III cities.
• Registration of under-construction projects with RERA authorities.
• Collaboration route for new projects.
• Ensuring timely delivery of existing projects.
• Robust risk management policies and guidelines.
• Strong in-house legal department.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001:2015

Awards & Recognition

• Times of India Young Achievers Award
• The Jewels of West UP
• Best Residential Developer Award
• Indian Realty Award
• The Brand Icon 2017

Environmental Metrics

Governance Achievements

• ISO 9001:2015 Certification granted on 16th April, 2020

Environmental Challenges

• General recession in the real estate sector coupled with reduced purchase/booking of dwelling houses due to the COVID-19 pandemic.
• Liquidity crisis, regulatory hurdles, and weak consumer sentiment.
• Slump in sales and postponement of new project launches and deliveries due to the pandemic and lockdowns.
• Higher interest rates compared to other countries.
• Demand-supply gap with oversupply of properties in key markets.
• Slow property price appreciation.
• COVID-19 pandemic.

Mitigation Strategies

• Gradually speeding up construction at various project sites after initial slowdown due to COVID-19 restrictions.
• Negotiations with IFCI Limited to resolve outstanding dues.
• Application to the Hon’ble NCLT seeking waiver and condonation of short payments to depositors due to the pandemic.
• Focus on project completions to instill confidence in buyers.
• Collaboration route for launching new projects.
• Ensuring timely delivery of existing projects.
• Implementing robust risk management policies and guidelines.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Governance Achievements

• ISO 9001:2015 Certification

Environmental Challenges

• COVID-19 pandemic and its impact
• Reduced growth forecast by IMF
• GST compliance complexities
• Higher interest rates compared to other countries
• Low ROI on housing investments
• Demand-supply gap in real estate markets
• Downtrend in property prices
• Recessionary times impacting sales and collections

Mitigation Strategies

• Implementing proper risk management policies and guidelines
• Strong in-house legal department to manage legal and regulatory risks
• Adequate insurance coverage
• Focus on project completions to instill buyer confidence
• Leveraging digital marketing and sales channels
• Exploring One Time Settlement options with financial institutions

Supply Chain Management

Climate-Related Risks & Opportunities