The project is located in Mahalaxmi, Central Mumbai. The buildings under construction will overlook Mahalaxmi Race Course and the sea. This premium residential development of approximately 1.5 million sq. ft. comprises four residential towers.

Building interior and finishes work is in progress at the three residential towers and is estimated to be complete by Q1 2013 Work on fourth tower will commence when certain approvals are received. c.561,000 sq. ft. has been pre-sold at this project, representing c. 90 per cent of the residential space currently under construction.

This IT SEZ project is located in a satellite city of Mumbai, approximately 35 kilometres from central Mumbai. It benefits from well-planned modern infrastructure, good connectivity and a large pool of educated manpower. The project is strategically located to become the commercial hub of the rapidly growing city of Navi Mumbai with close proximity to residential areas and is situated opposite Airoli Railway station and easily accessible from catchment areas like Vashi, Panvel, Chembur and Vikhroli. With the increasing presence of IT/ITES companies, Airoli has become one of a number of rapidly growing destinations in Navi Mumbai.

The project involves development of 4.6 million sq. ft. and is due for completion in Q3 2014. Eight buildings with aggregate area of c.3.2 million sq. ft. are operational. Construction work is ongoing on another three buildings with area of c.1.0 million sq. ft. The total area let or terms agreed at this project is c.3.4 million sq. ft., representing c.81 per cent of the area currently under development. As at 30 September 2012 rent has commenced from c.2.5 million sq. ft. In addition, c.247,000 sq. ft. is under option / ROFR at this project.

This IT SEZ is located in an area undergoing significant regeneration, and is close to existing and planned transport systems, the city centre of Navi Mumbai and large residential areas. The project is also in close proximity to the proposed Navi Mumbai International airport.

The project is a c.2.25 million sq. ft. SEZ development. Foundation work has been completed on three buildings. Further construction is on hold. Construction will commence when the Company is confident of the potential demand.