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.
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