Key Highlights

• The company has 25.67 million square feet of projects in pipeline in various stages of development, in addition to 4 million square feet under execution in Mumbai.

• The company has 4 ongoing projects in Mumbai.

• Ashok Towers is a residential project in Parel of 1.08 million square feet comprising of 600 residential units. The project has started in Aug’04 and is expected to be completed by July –Dec’08. The company has pre sold 90% of the project. The currant realisations of the project are Rs 20000 per square feet.

• Ashok Gardens is a residential project of 0.9 million square feet. The project has started in Apr’06 and is expected to be completed by Dec’08. The company has pre sold 70% of the project. The currant realisations of the project are Rs 15000 per square feet.

• Peninsula Technopark is a commercial project of 0.9 million square feet. The project has started in Mar’07 and is expected to be completed by Mar’09. The company is expecting realisations of Rs 14000-15000 per square feet. The project is a JV with Swan Mills, the landowner, who is expected to pay for cost of development. Peninsula Land is responsible for execution and management of project, for 22% of gross sales.

• Peninsula Business Park is a commercial project of 1.15 million square feet. The project has started in July’07 and is expected to be completed by Dec’09.

• Out of 25.67 million square feet of projects in pipeline 9.38 million square feet is residential, 2.03 million square feet is commercial 4.29 million square feet is IT, 1.4 million square feet is gems & jewellery SEZ and 7.38 is Biotech SEZ.

• Out of the projects in pipeline 38% is in Pune, 34% is in Goa, 12% in Nashik and 16% in Mumbai.

• At the end of July’07 Company had a net worth of Rs 403 crore, net debt of Rs 304 crore and debt equity of ratio of 0.76.

• The company till date has developed and sold 2.32 millions square feet of real estate across residential, commercial and retail.

• Peninsula Realty Fund, a real estate venture capital fund will be raising USD325 million funds. Upon creation of the fund, Peninsula Land will not buy land independently, but will co-invest with the fund up to 25%. None of the existing project will be transferred to the fund. The fund will pursue investment opportunities that will achieve IRR>25%