1.  Contingent Liabilities                             (Rs. in lacs)
 
                                                 As at         As at 
                                            31st March,   31st March, 
                                                  2011          2010
 
 
 a) Guarantees given by the Company in        4,375.74       3960.00
 favour of Banks/Financial Institutions 
 on behalf of other companies 
 
 b) Income Tax / Wealth tax demands             446.25        453.31
 being disputed by the Company 
 
 
 c) Sales tax demands being disputed            837.77        115.51
 by the Company 
 
 d) Stamp duty demands being disputed           978.28      1,071.42
 by the Company 
 
 e) Claims by customers for refund              345.24        663.09
 of amount deposited/Compensation/
 Interest 
 
 f) Other Claims against the Company             69.75         69.75
 not acknowledged as debts 
 
 
 g) The Company has received a demand Rs. 271.31 lacs from Service Tax
 department vide order dated 28 April, 2011 levying service tax on
 transfer charges / administrative charges / processing charges received
 from customers for the period 1.10.2003 to 31.03.2010. The Company is
 in the process of fling appeal against the said order of the
 department. The Company has been advised that it has a good case to get
 the demand set aside.
 
 2.  In respect of block assessment for the period 1st April, 1989 to
 10th February, 2000, Income Tax Appellate Tribunal (ITAT ) has given
 full relief to the Company and rejected department’s ground of appeal
 for tax claim of Rs. 127.06 lacs (Previous year Rs. 144.63 lacs).
 Further, in respect of assessment of certain years, demands had been
 raised by the Income Tax Department against the Company amounting to
 Rs. 751.91 lacs (Previous year Rs. 559.88 lacs) approx by disallowing
 deduction under section 80(IB) of the Income Tax Act, 1961. The appeals
 fled by the Company have been decided in its favour by CIT(Appeals)/
 ITAT. The tax department has gone for further reference in the above
 matters to ITAT / High Court.  The Company has been advised that it has
 a good case to succeed in the above matters.
 
 3.  Estimated amount of contracts remaining to be executed on capital
 account (net of advances) and not provided for Rs. Nil (previous year
 Rs. 20.44 lacs).
 
 4.  Inventory of Land includes Rs. 2,006.42 lacs (Previous year Rs.
 2,266.66 lacs) acquired by subsidiary companies out of advances
 provided by the Company. The land is registered in the name of the
 subsidiary companies but is under the possession and control of the
 Company for development and sale of Real Estate Projects in terms of
 collaboration agreement with these companies.
 
 5.  The Company has advanced Rs. 751.02 lacs (Previous year Rs. 820.97
 lacs) to certain Companies/ Collaborators for purchase of land parcels.
 The Company is currently in the process of finalizing the deals for
 purchase of land and the agreements will be signed shortly. Management
 is confident that these advances are good and recoverable.
 
 6.  Advances amounting to Rs. 332.50 lacs (Previous year Rs. 809.47
 lacs) have been paid to collaborators and others towards land
 owned/acquired/to be acquired by them. A review is being taken up to
 ascertain the feasibility of these projects under the present market
 conditions. Considering the present market value of the land involved
 in collaboration arrangements, the management is of the view that no
 material loss will arise on completion of the review exercise.
 
 7.  The Company had received advance against booking of plots/fats in
 earlier years from Geo Connect Ltd (GCL), a wholly owned subsidiary for
 certain projects. Due to delay in project at Amritsar, the company has
 agreed to refund Rs. 10.00 crores (Previous year Rs. 10.00 crores)
 along with interest @15% p.a. to GCL. Interest payable to GCL for the
 period 24.01.2008 to 10.03.2011 amounting to Rs. 468.90 lacs (Previous
 year Rs. 287.26 lacs) has been charged to Profit and Loss account as
 interest expense for the year.
 
 8.  During the year, the company sold its entire shareholding
 consisting of 48,00,000 equity shares of Rs. 10/- each representing 40%
 of investment in Capital Cars Pvt. Ltd. for a consideration of Rs.
 1,282.68 lacs. Consequent to this sale, Capital Cars Pvt Ltd ceased to
 be a joint venture of the company with effect from 29th September,
 2010. The profit on sale of investment of Rs. 802.68 lacs has been
 shown under  Other Income in the Profit & Loss Account.
 
 9.  Operating Lease:
 
 The Company has taken various residential / commercial premises under
 cancelable operating lease. These leases are normally renewable on
 expiry. The rental expenses in respect of operating leases amounting to
 Rs. 491.00 Lacs (previous year Rs. 537.16 Lacs) has been charged to the
 profit and loss account.
 
 10.  The Company has not received intimation from suppliers regarding
 the status under Micro Small Medium Enterprises Development Act, 2006
 and hence disclosure, if any, relating to the amounts unpaid at the
 year end together with interest payable as required under the said Act
 have not been given.
 
 11.  a) Details of Managerial Remuneration
 
 * In Current year, salary as approved by shareholders has been drawn by
 directors. In the Previous years, directors had drawn less salary to
 the extent of Rs. 51.84 lacs by foregoing increments due to prevailing
 recession in the market.
 
 12.  The disclosures of Employee Benefits as defined in Accounting
 Standard 15 are given below: Defined Benefit Plan
 
 The employees'' gratuity fund scheme managed by Trust is a defined
 benefit plan. The present value of the obligation is determined based
 on actuarial valuation using the Projected Unit Credit Method, which
 recognizes each period of service as giving rise to additional unit of
 employee benefit entitlement and measures each unit seperately to build
 up the final obligation.
 
 V Acturial Assumptions
 
 Note:
 
 The estimates of rate of esclation in salary considered in acturial
 valuation, take into account inflation, seniority, promotion and other
 relevant factors including supply and demand in employment market.
 
 13.  Related Party Disclosures
 
 a) Names of the related parties and description of relationship :
 
 1.  Wholly Owned Subsidiaries     M/s Geo Connect Ltd. 
                                   (Formerly known as Callnet 
                                   India Ltd.)
                                   M/s Housing & Construction Lanka 
                                       Pvt. Ltd.  
                                   M/s Maestro Promoters Pvt. Ltd.  
                                   M/s Wrangler Builders Pvt. Ltd.  
                                   M/s Anjuman Buildcon Pvt. Ltd.
                                   M/s A R Infrastructure Pvt. Ltd.  
                                   M/s A R Paradise Pvt. Ltd. 
                                   M/s Fenny Real Estates Pvt. Ltd.  
                                   M/s Third Eye Media Pvt Ltd.  
                                   M/s Sunrise Facility Management 
                                       Pvt. Ltd.  
                                   M/s Aevee Iron & Steel Works 
                                       Pvt. Ltd.
                                   M/s Enchant Constructions Pvt.Ltd.  
                                   M/s Rishu Buildtech Pvt. Ltd.  
                                   M/s Sonu Buildwell Pvt. Ltd.
 
 2.  Key Management Personnel      Mr. Deepak Ansal (Chairman and 
                                   Managing Director)
                                   Mr. Kushagr Ansal (Whole Time 
                                   Director) 
                                   Mr. Karun Ansal (President)
 
 3.  Relatives of Key              Mrs. Divya Ansal (wife of Mr.
     Management Personnel          Deepak Ansal)
    (With whom transaction taken   M/s Deepak Ansal (H.U.F.)-
     place during the year)        (Karta Mr. Deepak Ansal) 
                                   Mrs. Megha Ansal (wife of 
                                   Mr. Kushagr Ansal)
 
 4.  Joint Venture                 M/s Capital Cars Pvt. Ltd.
                                   (upto 29.09.2010, Refer Note No.8)
 
 5.  Associates
 
 5.1 Enterprise in which Key       M/s Infinet India Ltd.
     Management personnel having   M/s Akash Deep Portfolios Private
     substantial interest              Ltd.
 
 5.2 Enterprises in which relative M/s Ansal Properties & 
     of Key Management             Infrastructure Ltd.  
     personnel having substantial  M/s Ansal Buildwell Ltd.
     interest                      M/s Suraj Kumari Charitable Trust
                                   M/s Ansal Clubs Pvt. Ltd.
                                   M/s Moonlight Electric Company 
                                       Private Ltd.
                                   M/s Sungrace Security Services 
                                       Private Ltd.
                                   M/s Snow White Cable Network 
                                       Private Ltd.
                                   M/s Global Consultant & Designers 
                                       Private Ltd.
                                   M/s Glorious Properties Private 
                                       Ltd.
 
 14.  Particulars of Earning per share (Basic & Diluted)
 
 Note: The Company has issued warrants to promoters of the Company which
 are convertible into equity shares at the option of the holder within
 18 months of the allotment of warrants. Since the warrants have been
 issued at fair value, these are considered neither dilutive nor
 anti-dilutive and hence, these have not been considered in the
 computation of diluted earnings per share in accordance with Accounting
 Standard 20 on ‘Earning Per Share''.
 
 15. Disclosure in respect of Company''s Joint Venture entity in India
 pursuant to Accounting Standard 27 '' Financial Reporting of Interests
 in Joint Ventures'' issued by the Institute of Chartered Accountants of
 India.
 
 c) During the year, the company sold its entire shareholding in Capital
 Cars Pvt. Ltd. Consequently, the Capital Cars Pvt.  Ltd. has ceased to
 be a Joint Venture of the Company wef 29.09.2010 & hence the share in
 Assets & Liabilities have not been shown.
 
 16.  Information pursuant to Part-II of Schedule-VI to the Companies
 Act,1956.
 
 * Quantities issued to Contractors on recoverable basis are not treated
 as consumption ** Items being too many, quantitative details are not
 practicable.
 
 17.  The brief particulars other than quantitative details relating to
 Hospitality Division are given below:
 
 (a) Income from Food and Beverage and Other Services for the year
 include income from Wine and Liquor Rs. 228.26 lacs (Previous Year Rs.
 214.39 lacs).
 
 18.  The Company is engaged primarily in the business of Real Estate
 development and also running Hospitality Business.  However, there are
 no separate reportable segments as per criterion set out under
 Accounting Standard 17 on Segment Reporting in the Company. The Company
 is operating in India, hence there is no reportable geographical
 segment.
 
 19.  Previous Year figures have been regrouped/rearranged wherever
 considered necessary, to make them comparable with Current Year''s
 figures.