1. The above Unaudited Results have been reviewed and recommended by the Audit Committee at its meeting held on
April 28, 2009 and thereafter approved by the Board of Directors of the Company at its meeting held on April 28, 2009. The results are subject to limited review pursuant to clause 41 of the Listing Agreement.

2. The Company is entitled to unabsorbed loss and allowances of the previous years. The current tax provision is on account of Fringe Benefit Tax and Minimum Alternate Tax u/s 115 JB of the income-tax Act, 1961.

3. The members at their 88th Annual General Meeting held on September 30, 2008 have approved stock split(sub-division) of equity share of Rs 10/- each into 10 Equity shares of Re 1/- each and the record date thereof was November 05, 2008.

4. Term Sheet dated October 18, 2007 signed by the Company with the Urban Kshetra Insfrastructure Pvt Ltd (a wholly owned subsidiary of Urban Insfrastructure Venture Capital fund) with regards to Joint Development of Building No. 4 at our Ghatkopar Project has been terminated with mutual agreement.

5. Figures have been re-grouped wherever necessary.