Dear Shareholder''s
 
 The dream that was shared between our visionary co-founder Late Lala
 Chiranjiv Lai Ansal and myself has seen us through four glorious
 decades of uplifting the quality of lives. This in turn, has put us in
 an enviable position of being the catalysts of change in the region.
 What started as a family business in 1967, has now become a
 professionally managed organization with interests in diverse aspects
 of real estate. The key role that we have been playing is that of
 changing the behavior patterns of people by introducing them to a
 certain lifestyle.  Now we are geared to further this transition by
 donning an all new identity built on the same solid foundation of
 excellence, teamwork and commitment. I would like to sum up thoughts by
 saying, We had dreamt of enriching the lives of our brethren by
 creating world class real estate solutions and redefining lifestyle
 standards. Quite aptly, we are headed towards this direction
 
                                                    Sushil Ansal