Bestech India Pvt. Ltd.

With over two decades of experience in real estate development, the Bestech Group has developed over 170 lakh square feet (lsf) of space across residential, commercial, and retail projects. The group has delivered several projects primarily in and around Gurugram and has established a strong brand presence in the local real estat e market. Over the years, the group has completed multiple large -scale developments, including residential projects such as Bestech Altura and commercial -retail devel

The company continues to maintain a comfortable capital structure with overall gearing of 0.63x as on March 31, 2025 (0.67x as on March 31, 2024), supported by a healthy net worth base of around ₹902 crore. External debt stood at ₹ 307 crore as on March 31, 2025, moderated from the peak levels observed earlier, while the company continues to maintain adequate financial flexibility. However, the capital structure is expected to moderate going forward with fresh debt coming in for DDJAY Plots at S

The company is currently executing Central Boulevard (retail) and DDJAY Plots at Sector-89A (plotted development) with a combined estimated project cost of about ₹268 crore, of which around 87% of the cost has already been incurred as on December 31, 2025, indicating advanced stages of project implementation and moderate execution risk. The company has also successfully completed projects such as Bestech Altura and Bestech Athena (office and retail). Additionally, the group has a sizeable ready

The booking levels across the company’s projects remain moderate. As on February 28, 2026, around 46% of the total saleable area and 27% of the overall revenue potential across completed and ongoing projects had been sold. A substantial portion of the unsold inventory is attributable to the Bestech Athena retail development, which accounts for a significant value of unsold inventory and remains to be monetised. Excluding this project, the booking levels across other projects remain relatively be

Owing to moderate booking levels, the committed receivable coverage ratio from sold units remains low at around 16% as on February 28, 2026. This indicates a relatively higher reliance on fresh sales to fund the remaining project cost and service outstanding debt. Although the company has a sizeable unsold inventory providing a healthy cover over the balance project cost and debt obligations, timely monetisation of such inventory remains critical.

The company’s projects are largely concentrated in and around Gurugram, exposing it to geographical concentration risk. Any slowdown in the Gurugram real estate market or adverse changes in local demand dynamics may affect the company’s sales momentum and revenue generation. The company also faces competition from several established developers operating in the same micro-markets, which may exert pressure on pricing and sales velocity. Nevertheless, the group’s established track record

The group remains exposed to the cyclical nature of the real estate industry, which is closely linked to macroeconomic conditions, interest rate movements, and the level of disposable income. Demand in the sector is sensitive to changes in borrowing costs and economic sentiment. A high-interest-rate environment or economic slowdown may adversely impact property demand and affect the pace of sales and collections for real estate developers.