Breez

EXECUTIVE SUMMARY

Breez is an active Gurugram-focused real estate brand with more than 15 years of operating history, specialising in value-oriented and affordable housing across Sohna and New Gurugram. Its portfolio includes completed housing, plotted and low-rise formats, and the ongoing Global Heights 89 project. The brand operates through multiple legal promoters, including Breez Builders & Developers Private Limited, Breez Infra, Global Horizon Holdings Private Limited, GCC Infra and V.K. Motors Private Limited. This structure makes project-level counterparty verification essential.

KEY PERFORMANCE METRICS

• Operating history: more than 15 years, management-stated

• Core geography: Gurugram, Sohna and New Gurugram

• Main segments: affordable housing, DDJAY plots, low-rise floors and commercial

• Core company: Breez Builders & Developers Private Limited

• Core company CIN: U45204HR2011PTC077957

• Paid-up capital: approximately Rs 27.3 crore

• FY2025 revenue reported in public filing summaries: approximately Rs 2.48 crore

• Ongoing linked project: Global Heights 89, Sector 89

• Project area: approximately 8.69 acres

• RERA completion date: 18 October 2026

• Recent launches: Flora Avenue 33 Phases II and III, registered in late 2025

IMPORTANT CAVEAT

Breez is a marketing brand, not the legal promoter for every project. Global Heights 89 is registered to Breez Infra. Flora Avenue 33 and its newer phases are registered to Global Horizon Holdings. Global Heights 88A and Flora Avenue 88A use GCC Infra, while Global Hill View uses V.K. Motors. Audited consolidated group accounts are not publicly available.

COMPANY OVERVIEW AND CORPORATE STRUCTURE

Breez Builders & Developers Private Limited was incorporated in 2011 and has been headquartered in Gurugram. Its RERA disclosure for an earlier Global Heights project named Jitender Janghu as chairman. The present brand office is at Ireo Grand View Tower, Sector 58. Development is conducted through related or collaborating entities formed around particular licences and projects.

SISTER COMPANIES AND GROUP ENTITIES

Relevant project entities include Breez Builders & Developers Private Limited, Breez Infra, Global Horizon Holdings Private Limited, GCC Infra and V.K. Motors Private Limited. Public marketing also connects the brand with Global Heights, Global Hill View, Global Plaza, Global City Center and Flora Avenue projects.

LEADERSHIP AND MANAGEMENT

Jitender Janghu was identified as chairman in a Haryana RERA filing. Rajeev Jain appears as authorised representative for Global Heights 89, while project submissions name different site and liaison representatives. Current group ownership, CEO-level roles and consolidated governance are not disclosed at listed-company depth.

PROJECT PORTFOLIO ANALYSIS

Breez's portfolio is concentrated in affordable apartments, plotted colonies and low-rise residential floors in Gurugram's emerging sectors.

A. DELIVERED / OPERATIONAL LANDMARKS

The brand presents Flora Avenue 33 as completed and promotes Global Hill View and earlier Global Heights phases among its delivered projects. Flora Avenue 33 and Phase I are registered to Global Horizon Holdings, with Haryana RERA completion dates in September 2023 and March 2024. The current website also states that Flora Club is operational. Delivery and OC or CC status should be confirmed phase by phase.

B. KEY ONGOING AND RECENTLY LAUNCHED PROJECTS

Global Heights 89, Sector 89, is registered as GGM/536/268/2022/11 to Breez Infra. It covers approximately 8.69 acres, with 15 residential towers and affordable two and three-bedroom apartments. The estimated project cost in RERA materials is about Rs 287.65 crore, and the current completion date is 18 October 2026.

Flora Avenue 33 Phases II and III, Sector 33 Sohna, were registered in November and December 2025 to Global Horizon Holdings, each showing completion by 31 December 2030. They comprise low-rise floors within a DDJAY plotted colony. Polo Reserve is marketed as a new premium low-rise offering at Flora Avenue, but buyers should map its marketing name to the applicable RERA phase.

C. PIPELINE

Breez is moving from traditional affordable housing toward low-rise and more premium positioning while remaining Gurugram-focused. The visible pipeline centres on Flora Avenue's later phases and completion of Global Heights 89. No verified pan-India expansion plan was identified.

FINANCIAL ANALYSIS

• Breez Builders FY2025 revenue: approximately Rs 2.48 crore in public filing summaries

• Reported year-on-year revenue decline: approximately 67%

• Paid-up capital: approximately Rs 27.3 crore

• Current consolidated debt, cash, EBITDA and PAT: not publicly available

• Global Heights 89 estimated project cost: approximately Rs 287.65 crore

• Flora Avenue 33 Phase I estimated project cost: approximately Rs 81.63 crore

• Sales bookings and customer advances: not publicly available at group level

Low revenue at the core company may reflect project-SPV accounting rather than total branded sales, but it limits direct visibility. Buyers should review the relevant SPV's audited accounts, escrow balance, unsold inventory and lender charges.

CREDIT RATING AND LIQUIDITY

No current public credit rating was found for Breez Builders, Breez Infra or Global Horizon Holdings. Liquidity therefore lacks independent rating surveillance. Construction progress, RERA accounts, lender no-objection certificates and contractor activity are more useful indicators than brand-level revenue alone.

MARKET POSITION AND COMPETITIVE ANALYSIS

Breez occupies the value and mid-income segment in Sohna, Sector 89 and nearby growth corridors. Its advantages include functional layouts, Haryana affordable-housing experience and a pipeline of DDJAY floors. Weaknesses include geographic concentration, multiple SPVs, limited financial disclosure and exposure to construction-cost inflation. It competes with GLS, Signature Global, Pyramid, MRG and other affordable or low-rise developers.

REGULATORY COMPLIANCE AND LEGAL STATUS

The three projects linked in this RT profile have separate promoters and RERA registrations. Global Heights 89 remains under construction with an October 2026 target. Flora Avenue 33 and Phase I have passed their original completion dates, although OC or CC links are available on the Haryana RERA portal. Public RERA orders involving Breez entities include delayed-possession, cancellation and interest disputes. In some matters, the Authority rejected broad force-majeure explanations and recognised allottee delay claims. These orders are case-specific and must be checked for appeal or compliance status.

CUSTOMER PERSPECTIVE

Positive feedback commonly highlights affordability, compact planning and access to Sohna Road or Dwarka Expressway growth corridors. Complaints focus on delay, possession quality, cancellation deductions, compensation and incomplete amenities. Online reviews are user-submitted and not adjudicated evidence. Current residents should be asked about water, power backup, maintenance, lifts, seepage, parking and common facilities.

RISK ASSESSMENT

The principal risks are execution across several SPVs and completion in emerging locations.

A. OPERATIONAL RISKS

Global Heights 89 faces an October 2026 deadline, while new Flora phases extend to 2030. Simultaneous execution, labour availability, approvals and contractor performance can affect delivery. Affordable pricing may constrain contingency margins.

B. FINANCIAL RISKS

Consolidated cash and debt are not public. Low reported core-company revenue, project-level accounting and reliance on customer collections reduce transparency. Unsold stock and delayed collections can pressure completion funding.

C. LEGAL AND GOVERNANCE RISKS

Promoter names differ across projects, creating counterparty and enforcement complexity. Existing RERA complaints and past delays require project-specific review. Brand advertising must be reconciled with sanctioned plans and registrations.

BEST PRACTICE FOR BUYERS

Verify the exact RERA number and promoter before payment. For Global Heights 89, check GGM/536/268/2022/11, current quarterly reports, construction milestones and 18 October 2026 completion. For Flora Avenue, identify the correct phase and Global Horizon entity. Check title, licence, sanctioned plans, OC or CC, mortgage releases and escrow account. Inspect the site, compare brochure claims with RERA filings, review cancellation and delay clauses, and search complaints under every promoter name.

FUTURE OUTLOOK AND STRATEGIC DIRECTION

Breez can benefit from Dwarka Expressway occupancy, Sohna infrastructure and demand for lower-ticket NCR homes. Later Flora Avenue phases and premium low-rise positioning widen its addressable market. The key test is timely completion of Global Heights 89 and transparent delivery across new phases without stretching multiple SPVs.

INVESTMENT AND BUYER THESIS

Breez offers corridor-growth exposure at relatively accessible ticket sizes, with execution quality determining the outcome.

A. STRENGTHS

Active launches, Gurugram specialisation, affordable-housing experience, completed projects and diversified low-rise formats support demand.

B. CONCERNS

Private-company disclosure, multiple legal promoters, low core-company revenue and historical delay complaints weaken visibility.

C. OPPORTUNITIES

New Gurugram infrastructure, rising occupancy and demand for DDJAY floors can support sales, rentals and resale liquidity.

D. WATCHPOINTS

Track Global Heights 89 completion, Flora phase approvals, quarterly filings, OC or CC issuance, construction pace, escrow funding, complaints and promoter-level charges.

CONCLUSION

Breez is an active, Gurugram-focused developer brand with meaningful experience in affordable and low-rise housing. Its current pipeline provides growth potential, but the brand operates through several legal promoters and offers limited consolidated financial transparency. Buyer confidence should depend on phase-specific RERA compliance, construction progress, funding and delivery rather than group marketing alone.

DISCLAIMER

This report is based on publicly available information only. It is intended for due-diligence and research purposes, not investment advice. All financial metrics, project statuses, legal proceedings, and regulatory information are point-in-time and may change. Buyers and investors should independently verify all information from official RERA portals, company filings, court records, rating reports, and legal advisors before making any decision.