Ongoing Residential Projects slide image

Ongoing Residential Projects

General Outlook & COVID Impact Macro outlook Company outlook BRIGADE • Fast paced recovery in the Economy, major sectors have witnessed a rebound from covid lows. • Adequate liquidity is available in the financial markets, which has kept the sentiment upbeat. • Government and regulatory interventions like RBI loan restructuring initiatives will help in maintaining stability. • All time low housing loan rate is supporting residential business. ⚫ GDP contraction is expected to be lesser then initially envisaged. • Labour strength has reached 90% of pre-covid levels and is on the uptrend. • Residential segment has witnessed strong performance and is back to pre-covid levels. • Office business remains stable with 99% collections, transactions and enquiries have picked up. Improvement in footfalls in the malls and a marginal uptick in occupancies of hotels. Impact & response ⚫ Hotels continue to be impacted because of the international travel restrictions and subdued domestic travel. Efforts are underway to operationally breakeven at the portfolio level. • Strong collections on the residential business has helped in maintaining a healthy liquidity position for the Group. • Continue to maintain a tight monitoring of the cash flows and efficiency in expenses. 3
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