Aaditri housing pvt ltd | The rating reaffirmation considers, the improvement in AHPL's operating performance in terms of healthy sales and collection traction, for their Andhra Pradesh and Hyderabad based projects. Of the total six ongoing projects, two are nearing completion(one of them already completed). The rest of the projects are ongoing as per schedule. The rating reaffirmation also takes into account the healthy cashflows from its ongoing projects resulting into sweeping of cashflows towards debt ahead of time. Further, AHPL has launched two new projects, wherein sales traction is expected to be high in view of prevailing healthy demand levels in the target market. Also, the rating takes into cognizance its experienced promoters, established brand presence, low funding and execution risk associated with the project. These strengths are partially mitigated by its moderate geographical concentration risk in revenue profile and inherent cyclicality in real estate industry. Incorporated in August 2016, Aaditri Housing Private Limited (AHPL) is a Guntur (Andhra Pradesh) based residential real estate developer, promoted by Mr. Yarra Chandra Mouli. AHPL is into the development of real estate projects in Andhra Pradesh and Telangana. AHPL is presently developing 6 projects - 3 in Guntur (Aaditri Evoca, Aaditri Exotica and Aaditri Elite), 1 in Tirupathi (Aaditri Empress),1 in Hyderabad (Aaditri Empire), 1 in Vizag (Aaditri Embassy) and 2 new projects - 1 in Vishakhapatnam (Aaditri E Gateway) and 1 in Hyderabad (Aaditri Empire Villas) with a cumulative saleable area of ~42 lakh square feet to construct ~2663 flats/villas.

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