Cyclical Reliance On Residential SalesA material share of revenue from one-time residential unit sales makes earnings and cash flows sensitive to real estate cycles, regulatory approvals and project execution timing. Prolonged demand weakness or approval delays would depress collections and margin realization for several quarters.
Moderate Leverage And Capex SensitivityA moderate debt profile coupled with ongoing capex needs for developments and hospitality increases refinancing and interest-rate exposure. If cash flows slow, leverage limits flexibility, could force cutbacks or asset monetization, and constrains capital allocation over the medium term.
Geographic Concentration RiskConcentration in South Indian urban markets exposes Brigade to region-specific demand cycles, local regulatory changes and land-market dynamics. Regional downturns or policy shifts could disproportionately affect sales, leasing and hospitality returns versus a more geographically diversified portfolio.