1. The company may not be able to successfully identify redevelopment projects or identify and acquire suitable land for its proposed new projects which may have an adverse impact on the business and the growth of the Company.
2. Inability to complete the company projects by their expected completion dates or at all could have an adverse effect its business, results of operations and financial conditions.
3. The company is subject to penalty clauses under the agreements entered into with its customers for any delay in the completion of the company projects.
4. The company does not enter into long term agreements for supply of labour and key materials for construction of its projects. Any significant increase in the prices, or shortage of, or delay or disruption in supply of labour or key materials for the company construction may result in time or cost overruns and may impact of the business prospects.
5. The company relies on third party contractors whom its do not control to construct of the projects. Any delay or failure on the part of such contractors to adhere to their obligations could adversely affect the company financial condition and its business.
6. The company propose to deploy a part of the Net Proceeds towards acquisition of unidentified land and general corporate purposes. Its cannot assure you that the land that the company acquires will be viable or that the project developed on such land will be profitable. Further, if the company is unable to identify and, or, acquires suitable land required to develop new projects the company it could have an adverse impact on its financial condition, business and growth prospects.
7. The company revenue from operation is significantly dependent on its ability to sell the company units in a timely manner. If its are not able to sell of the project inventories in a timely manner, then it may adversely affect the company business, results of operations and financial condition.
8. The company operates in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.
9. The COVID-19 pandemic adversely affects its business, financial condition, results of operations, cash flows, liquidity and performance, and it may reduce the demand for its projects in future.
10. Its entire business is concentrated within the MMR region. Any event or circumstance that adversely affects the real estate market in the MMR region will have an adverse effect on its business, results of operation and the company financial condition.