1. Related party transactions
 
 (i) Parties where control exists
 
 Parties where control exists include: Subsidiaries:
 
 Prudential Housing and Infrastructure Development Limited
 
 Centurions Housing and Constructions Private Limited
 
 Melmont Construction Private Limited
 
 Purva Corporation
 
 Purva Marine Properties Private Limited
 
 Purva Realities Private Limited
 
 Welworth Lanka Holding Private Limited
 
 Welworth Lanka Private Limited
 
 Nile Developers Private Limited
 
 Vaigai Developers Private Limited
 
 Purva Good Earth Properties Private Limited
 
 Purva Star Properties Private Limited
 
 Purva Sapphire Land Private Limited
 
 Purva Ruby Properties Private Limited
 
 Purva Opel Properties Private Limited
 
 Puravankara Hotels Limited
 
 Starworth Infrastructure and Construction Limited
 
 Provident Housing Limited
 
 Purva Land Limited
 
 Key management personnel:
 
 Mr. Ravi Puravankara
 
 (ii) Relative of key management personnel:
 
 Ms. Geeta S. Vhatkar Ms. Aarti Panjabi Mr. Ashish Puravankara Mr.
 Suresh Puravankara Ms. Amanda Puravankara Ms. Tanya Puravankara Ms.
 Vishalakshi Puravankara
 
 (iii) Entities controlled by key management personnel (other related
 parties):
 
 Purva Developments
 
 Uniquepark Constructions Private Limited
 
 Unique Constructions
 
 Welworth
 
 Puravankara Investments
 
 Handiman Services Limited
 
 Dealwel - Proprietorship
 
 Dealwel Finance Corporation
 
 Tanya Trust
 
 Amanda Trust
 
 Purva Properties and Resorts Private Limited
 
 Dealwel Estates Private Limited
 
 2. Employee benefits
 
 A.  Defined benefit plan
 
 The Company has gratuity and vacation pay as defined benefit retirement
 plans for its employees. As at 31 March 2012 and 31 March 2011 the plan
 assets were invested in insurer managed funds.
 
 B.  Defined contribution plan
 
 The Company makes contribution of statutory provident fund as per
 Employees Provident Funds and Miscellaneous Provisions Act, 1952.
 
 This is a defined contribution plan as per AS15. Contribution made was
 Rs. 90.89 for the year ended 31 March 2012 (31 Mar 2011 -Rs. 71.57).
 
 3. Segmental information
 
 The Company is engaged in the development and construction of
 residential and commercial properties which is considered to be the
 only reportable business segment as per Accounting Standard 17 on
 Segment Reporting. The Company operates primarily in India and there is
 no other significant geographical segment.
 
 4.  Disclosures of dues to micro, small and medium enterprises
 
 Based on the information available with thecompany,Rs.88.04(31 March
 2011 Rs.0.74)is the amount payable to Micro, Small and Medium Enterprises
 at the Balance Sheet date. These amounts, being retention money, are
 due only on completion of retention period and are contractually not
 due as on 31 March 2012 as per the contract with the said parties.
 Consequently the management feels that the interest liability under''The
 Micro, Small and Medium Enterprises Development Act, 2006does not
 arise and hence no disclosure is required under the said law.
 
 The above information has been determined to the extent such parties
 have been identified on the basis of information provided by the
 Company which has been relied upon by the auditors.
 
 5.  Unhedged foreign currency exposure
 
 Balance as on 31 March 2012 in Hatton National Bank, Sri Lanka amounted
 to LKR 1.10 lakh (31 March 2011 LKR 0.76 lakh) Balance as on 31 March
 2012 in HSBC, Dubai amounted to AED 0.90 lakh (31 March 2011 AED 0.37
 lakh) Balance as on 31 March 2012 in EEFC account with Andhra Bank
 Bangalore amounted to USD 0.003 lakh (31 March 2011 USD 0.003 lakh)
 
 6.  Prior Year Comparatives
 
 The financial statements for the year ended 31 March 2011 had been
 prepared as per the then applicable, pre-revised Schedule VI to the
 Companies Act, 1956. Consequent to the notification of Revised Schedule
 VI under the Companies Act, 1956, the financial statements for the year
 ended 31 March 2012 are prepared as per Revised Schedule VI.
 Accordingly, the previous year figures have also been reclassified to
 conform to this year''s classification.