Our Company was incorporated as IVR Realtors Limited on June 28, 1996
 
 by our Promoters Mr. E. Sunil Reddy and Mr. E. Sudhir Reddy. The name
 of 
 our Company was changed from IVR Realtors Limited to IVR-Prime Urban
 
 Developers Limited and a fresh certificate of incorporation
 consequent on
 change of name was granted to our Company on January 16, 2001 by the
 RoC. 
 
 The name of our Company was again changed from IVR-Prime Urban
 Developers 
 Limited to IVR Prime Urban Developers Limited pursuant to which we
 received 
 the fresh certificate of incorporation from the RoC on June 12, 2006.
 Since its 
 incorporation, the Company has been carrying on the business of real
 estate 
 development. 
 
 The registered office of our Company is situated at M-22/3RT,
 Vijayanagar Colony, 
 Hyderabad 500 057. We have entered into a Master Agreement with our
 Parent 
 Company, governing business arrangements and areas of cooperation and
 
 responsibility in relation to real estate projects between us and our
 Parent Company. 
 The Master Agreement sets out the principles of transacting various
 facets of business 
 all being in the nature of arms' length transactions, in particular,
 bidding for business 
 projects, implementation and execution of these projects, our Company
 being involved 
 primarily in the development of projects. Further, for these
 projects, our Parent Company 
 and we shall enter into a separate agreement to lay down the various
 terms of 
 engagement in relation to the specific Project. 
 
 Key Events and Milestones
 
 Year                     Key Events, Milestones and Achievements
 
 February 2001     Commencement of construction of the national games
 village project 
                             through our Company
 
 December 2002   Company associated with the Government of Andhra
 Pradesh to host 
                              the 32nd National Games
 
 September 2004   Sale of the first flat and the villa in the national
 games village
 
 July 2006              Appointment of Bentel Associates, as
 architects for the mall project
 
 July 2006             Commencement of the execution of the mall
 project