1.  Contingent Liabilities:
 
 Sl.  Particulars                                As at            As at
 
 No.                                  31st March, 2011 31st March, 2010
 
 Rs. in lacs Rs. in lacs
 
 (i) Claims by customers /ex-employees for
 interest, damages etc.(to the extent 
 quantified) (See foot note i)                1919.31         1915.00
 
 (ii) Claims by local Authorities for 
 Ground Rent                                   291.00          291.00
 
 (iii) Income/Wealth Tax demand disputed 
 by the Company. (See foot note ii & iii)
 
 a) On completion of regular assessment        815.83          782.00
 
 b) On completion of block assessment         1884.00         1884.00
 
 (iv) Guarantees given by the Company to 
 Banks/ Financial Institutions/ Others 
 for loans taken by                          23308.74        34673.00*
 other    Group Companies.
 
 (v) Service Tax / Sales Tax Demand 
 disputed by the                               575.22         1121.00
 Company (Demand already deposited of 
 Rs. 300.16 lacs)
 
 *Includes loan of NIL (Previous year Rs 5000 lacs) taken by Ansal
 Colors Engineering SEZ Ltd. for which the Company has pledged shares of
 Rs.50 lacs in Ansal Seagull SEZ Developers Limited.
 
 NOTES
 
 (i) The management is of the opinion that in the majority of the cases,
 claims will be successfully resisted or settled out of court on payment
 of nominal compensation.
 
 (ii) As regards income / wealth tax demands of Rs. 815.83 (Previous
 year Rs.782 lacs) disputed by the Company are concerned, similar
 demands have been set aside by the Appellate Authorities in most of the
 cases in the past Further company has deposited advance tax net of
 provision of income tax to the tune of Rs. 1070.35 lacs against such
 demand
 
 (iii) In respect of block assessment for the year 1st April, 1989 to
 12th February, 2000, wherein cross appeals have been filed by the
 Company and the tax department, Income Tax Appellate Tribunal (ITAT)
 has given full relief to the Company and rejected the department''s
 grounds of appeal and tax claim of Rs.4,409 lacs The tax department has
 gone for further reference to the High Court. The Company, based on an
 arbitration award, had accounted for income of Rs.  4,200 lacs in the
 year 2002-03 and paid/provided income tax accordingly. The contingent
 liability not provided in the accounts in respect of block assessments
 is estimated at Rs1884 lacs. The Company has been legally advised that
 it has a good case to succeed in the High Court.
 
 2.  a) The Company, as a matter of policy, considers all anticipated
 costs including land cost relating to the projects as part of the
 project cost for determining the profitability of each of the projects.
 However, owing to some practical difficulties involved, the Company has
 not been able to acquire a portion of land for one of the projects and
 the same will be considered as and when acquired.
 
 b) With regard to accounting for borrowing costs likely to be incurred
 in future, the Company is following the same accounting policy as
 consistently followed in the past, since having regard to the
 uncertainty of means of financing the project and the relevant cash
 flow in future, it is not possible to arrive at a precise estimate of
 the borrowing costs likely to be incurred in future in relation to each
 specific project.
 
 3.  Policies have been consistently followed in the past in the
 preparation of accounts duly audited and accepted in respect of (a)
 project specific advertisement costs, (b) administration and payroll
 expenses incurred for marketing staff, (c) brokerage paid to dealers,
 (d) interest paid to customers on refund of customer advances on
 delayed project The Company has switched over to new accounting
 policies in respect of each of these items by charging off to profit
 and loss account, as against hitherto, policy of considering them as
 part of project cost. The new accounting policies have been adopted we
 f. 01.04.2009. Such amount incurred upto 31 03.2009 and included as
 part of project inventory cannot be ascertained due to practical
 difficulties.
 
 4.  The Company has claimed exemption of Rs. 39.91 lacs (Previous year
 3408 lacs) for the year u/s 80 IA of the Income Tax Act, 1961, being
 tax profits arising out of sale of Industrial Park units, pending the
 notification of the same by CBDT based on the opinion of senior counsel
 that its application satisfies all the conditions specified in the said
 scheme of Industrial Park.
 
 5.  The company has raised an aggregate amount approx. Rs.301.95 crores
 by way of issue & allotment of 85,50,000 nos.  of Equity shares of Rs.
 5/- each, fully paid up, in the month of June, 2010 to the five
 identified Resident investors on preferential issue basis for Rs. 70.54
 crores) and, 2,57,26,291 Nos. of Equity shares of Rs. 5/- each, fully
 paid up, in the month of October, 2010 to the QIB''s under Qualified
 Institutions Placement for Rs. 231.41 Crores in terms of SEBI (Issue of
 Capital and Disclosure Requirements) Regulations, 2009. The said amount
 of Rs. 301.95 crores received from them has been fully utilized for the
 Company''s ongoing projects, repayment of loans/debentures, investment,
 corporate expenses/ purchase of land, sanctioning cost and QIP expenses
 
 6.  (a) The Company has given advances to land owning companies /
 collaborators / others for purchase / aggregation of land / for others
 to the tune of Rs.16603.64 lacs. This includes Rs.  10000 lacs as
 security deposits, the recoverability / adjustment of which is
 dependent upon the future events such as launch of project(s) for which
 steps have been or are being taken by the Company. As regards the
 balance amount of Rs.6603.64 lacs, pending details of land purchased
 and financial position of these parties, We understand that such
 advances are given in respect of ongoing transactions with
 collaborators / other parties and are regarded as being in the normal
 course of business.
 
 (b) The Company is carrying project inventory of Rs.16719 lacs
 (Previous year Rs. 16675 lacs) for Group Housing Project in Greater
 Noida Due to downward trend in the market, the Greater Noida Industrial
 Development Authority (GNIDA) announced a Scheme whereby the developers
 have option to accept project on a smaller piece of land equivalent to
 the amount paid and surrender balance project land subject to some
 deductions The Company has applied to the Authority conveying its
 intention to develop the pro ect under this Scheme and is awaiting its
 approval. Necessary adjustments will be carried out upon receipt of
 approval from the Authority and management is of the view that there is
 no impairment in the value of land / project
 
 c) Provision for amount NIL (Previous year Rs. 2104 lacs) represents
 impact of additional cost of land, internal and external development
 charges, which relate to earlier years. These have been provided for
 and corresponding amount has been withdrawn from reserves
 
 10.  Gratuity and Leave Encashment
 
 Gratuity (being partly administered by a Trust) is computed as 15 days
 salary, for every completed year of service or part thereof and is
 payable on retirement/termination/resignation. The Gratuity plan for
 the Company is a defined benefit scheme where annual contributions as
 per actuarial valuation are charged to the Profit & Loss Account.
 
 The Provident Fund is a defined contribution scheme whereby the Company
 deposits an amount determined as a fixed percentage of basic pay with
 the Regional Provident Fund Commissioner.
 
 The Company also has a leave encashment scheme with defined benefits
 for its employees. The Company makes provision for such liability in
 the books of accounts on the basis of year end actuarial valuation. No
 fund has been created for this scheme.
 
 b) Cost of construction includes sales cancelled/surrenders of
 Rs.3377.57 lacs (Previous year Rs. 1498.06 lacs) relate to sale made in
 the earlier years. The cost of sales amounting to Rs.1372.20 lacs
 (Previous year Rs.  1310.02 lacs) has been included in the closing
 stock. The net impact is a loss of Rs.2005.37 lacs (Previous year of
 Rs. 188.04 lacs) charged to the Profit and Loss Account.
 
 13.  Segment Reporting
 
 a) Having regard to integrated nature of real estate development
 business of the Company, the disclosure requirement of Segmental
 Reporting pursuant to Accounting Standard (AS-17) is not applicable.
 
 b) The Company''s windmill power project, in terms of revenue and assets
 employed, is not a reportable segment as per the Accounting Standard
 AS-17 on Segment Reporting.
 
 20.  a) Related Party Transactions in accordance with Accounting
 Standard AS-18
 
 (i) Names of related parties and description of relationship:
 
 Subsidiary Company Shareholding
 
 Delhi Towers Ltd.  100% Subsidiary of APIL
 
 Star Estates Management Ltd.  100% Subsidiary of APIL
 
 Ansal IT City & Parks Ltd.  66.23% Subsidiary of APIL
 
 Ansal Colours Engineering SEZ Ltd.  51% Subsidiary of APIL
 
 Ansal API Infrastructure Ltd.  100% Subsidiary of APIL
 
 (formerly Ansal –Urban Infrastructure Ltd.)
 
 Star Facilities Management Ltd.  100% Subsidiary of APIL
 
 Ansal API Power Ltd.  100% Subsidiary of APIL
 
 Ansal API Affordable Homes Ltd.  100% Subsidiary of APIL
 
 Ansal Hi-Tech Townships Ltd.  54.93% Subsidiary of APIL
 
 Ansal SEZ projects Ltd. (Upto Dec. 13, 2010) 50.00 % Shareholding
 
 (ii) Step down Subsidiaries:
 
 Subsidiary Company Shareholding
 
 Ansal Condominium Ltd.  100% Subsidiary of Delhi Towers Ltd.
 
 Aabad Real Estates Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Anchor Infraprojects Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Bendictory Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Caspian Infrastructure Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Celestial Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Chaste Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Cohesive Constructions Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Cornea Properties Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Creative Infra Developers Ltd.  100% Subsidiary of Ansal Hi-tech
 Townships Ltd.
 
 Decent Infratech Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Diligent Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Divinity Real Estates Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Einstein Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Emphatic Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Harapa Real Estates Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Inderlok Buildwell Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Kapila Buildcon Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Kshitiz Realtech Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Kutumbkam Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Lunar Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Marwar Infrastructure Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Muqaddar Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Paradise Realty Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Parvardigaar Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Pindari Properties Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Pivotal Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Plateau Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Retina Properties Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Sarvodaya Infratech Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Sidhivinayak Infracon Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Shohrat Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Superlative Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Taqdeer Realtors Ltd.  100% Subsidiary of Ansal Hi-tech Townships Ltd.
 
 Thames Real Estates Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Auspicious Infracon Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 Medi Tree Infrastructure Ltd.  100% Subsidiary of Ansal Hi-tech
 Townships Ltd.
 
 Rudrapriya Realtors Pvt. Ltd.  100% Subsidiary of Ansal Hi-tech
 Townships Ltd.
 
 Phalak Infracon Pvt. Ltd.  100% Subsidiary of Ansal Hi-tech Townships
 Ltd.
 
 (iii) Interest in Joint Ventures:
 
 The Company''s interest in jointly controlled entities is given below:
 
 Joint Venture Company Shareholding
 
 Green Max Estates (P) Ltd.  50% shareholding
 
 Ansal Mittal Township (P) Ltd.  50% shareholding
 
 Ansal Landmark Township (P) Ltd.* 49.38% shareholding
 
 Ansal Seagull SEZ Developers Ltd.  50% shareholding
 
 Ansal Lotus Melange Pvt. Ltd.  50% shareholding
 
 Ansal Township Infrastructure Ltd.  49.50% shareholding
 
 UEM Builders Ansal API Contacts Pvt. Ltd.  40% shareholding
 
 Ansal SEZ Projects Ltd. (W.e.f. Dec, 14, 2010) 49.5% shareholding
 
 Westbury Hotels Pvt. Ltd.  7.00% shareholding
 
 Ansal Phalak Infrastructure Pvt. Ltd.  49% shareholding
 
 *0.62 % shareholding is with Promoter of APIL.
 
 (iv) Associates
 
 The following are the enterprises where common control exists:-
 
 Name of Associates
 
 Amba Bhawani Properties Pvt. Ltd.
 
 Ansal Colonisers & Developers Pvt. Ltd.
 
 Ansal Housing & Estates Pvt. Ltd.
 
 Ambience Hospitality Pvt. Ltd.
 
 Ansal Infrastructure Projects Ltd.
 
 Ansal Projects & Developers Ltd.
 
 Apna Ghar Properties Pvt. Ltd.
 
 Badrinath Properties Pvt. Ltd.
 
 Bajrang Realtors Pvt. Ltd.
 
 Chamunda Properties Pvt. Ltd.
 
 Chandi Properties Pvt. Ltd.
 
 Chiranjiv Investments Pvt. Ltd.
 
 Kalka Properties Pvt. Ltd.
 
 Naurang Investment & Financial Services Pvt. Ltd.
 
 New Line Properties & Consultants Pvt. Ltd.
 
 Plaza Software Pvt. Ltd.
 
 Prime Golf Ranking Pvt. Ltd.
 
 Prime Maxi Promotion Service Pvt. Ltd.
 
 (Formerly Prime Maxi Mall Management Pvt. Ltd.)
 
 Sampark Hotels Pvt. Ltd.
 
 Satrunjaya Darshan Construction Co. Pvt. Ltd.
 
 Singa Real Estates Ltd.
 
 Delhi Towers & Estates Pvt. Ltd.
 
 Sithir Housing & Constructions Pvt. Ltd.
 
 Winsum Software Pvt. Ltd.
 
 Zameer Realtors Pvt. Ltd.
 
 Ansal Infrastructure Developers Ltd.
 
 Ansal Township Developers Ltd.
 
 Augustan Infrastructure Pvt. Ltd.
 
 Chakradhari Properties Pvt. Ltd.
 
 Durga Buildtech Pvt. Ltd.
 
 Gauri Realtors Pvt. Ltd.
 
 Girija Shankar Properties Pvt. Ltd.
 
 Katra Buildtech Pvt. Ltd.
 
 Katra Real Estates Pvt. Ltd.
 
 Katra Realtors Pvt. Ltd.
 
 Pragati Techno Build Pvt. Ltd.
 
 Satnam Buildtech Pvt. Ltd.
 
 Ubiquity Realtors Pvt. Ltd.
 
 Vishnu Real Estates Pvt. Ltd.
 
 Yamnotri Properties Pvt. Ltd.
 
 Eternity Real Estates Pvt. Ltd.
 
 Euphoric Properties Pvt. Ltd.
 
 Pervasive Properties Pvt. Ltd.
 
 Sarvatra Realtors Pvt. Ltd.
 
 Sopanam Realtors Pvt. Ltd.
 
 Sputnik Realtors Pvt. Ltd.
 
 Sarvottam Realtors Pvt. Ltd.
 
 Ansal Multiproducts (SEZ) Ltd.
 
 API India Realty Pvt. Ltd.
 
 Ansal - Urban Infrastructure Developers Ltd.
 
 Arunodaya Infraprojects Pvt. Ltd.
 
 Banyan Infratech Pvt. Ltd.
 
 Braja Dham Constructions Pvt. Ltd.
 
 Blessing Real Estates Pvt. Ltd.
 
 Blossom Townships Pvt. Ltd.
 
 Canyon Realtors Pvt. Ltd.
 
 Darwin Realtors Ltd.
 
 Colorado Properties Pvt. Ltd.
 
 Galaxy Infracon Ltd.
 
 Indigo Infratech Pvt. Ltd.
 
 Ishatvam Developers Pvt. Ltd.
 
 Jupiter Township Ltd.
 
 Lord Krishna Infraprojects Ltd.
 
 Magus Realtech Pvt. Ltd.
 
 Ecobase Land Developers Pvt. Ltd.
 
 Mercury Infratech Pvt. Ltd.
 
 Niagara Realtors Pvt. Ltd.
 
 Parisar Realtors Pvt. Ltd.
 
 Rainbow Infratech Pvt. Ltd.
 
 Saubhagya Real Estates Pvt. Ltd.
 
 Sanraj Associates Pvt. Ltd.
 
 Sushant Realtors Pvt. Ltd.
 
 Quest Realtors Pvt. Ltd.
 
 Ansal Urban Township Developers Pvt. Ltd.
 
 Ansal Urban Condominiums Pvt. Ltd.
 
 Caliber Properties Pvt. Ltd.
 
 Ansal API Logistics Ltd.
 
 Utsav Hospitality & Clubs Pvt. Ltd.
 
 Knowledge Tree Infrastructure Ltd.
 
 Orchid Realtech Pvt. Ltd.
 
 (v) Associates in which there is Significant Influence
 
 Name of Associates
 
 Faber Star Facilities Management Ltd.  
 
 Ansal Theatres & Clubhotels Pvt. Ltd.  
 
 Dharti Realtors Pvt. Ltd.
 
 Ansal Retail Properties Pvt. Ltd.
 
 Alaknanda Realtors Pvt. Ltd.
 
 Chandra Maulishwar Properties Pvt. Ltd.
 
 JMV Ecoteck Developers Ltd.
 
 Prithvi Buildtech Pvt. Ltd.
 
 Lotus Infratech   Pvt. Ltd.
 
 Bhagirathi Realtors Pvt. Ltd.
 
 Decorous Realtors Pvt. Ltd.
 
 Icon Buildcon Pvt. Ltd.
 
 Vasundhra Realtors Pvt. Ltd.
 
 Ecoland Developers Pvt. Ltd.
 
 Sky Scraper Infra Projects Ltd.
 
 21.  Previous year figures have been regrouped/rearranged wherever
 considered necessary, to make them comparable with current years''
 figures.