Suraj Estate Developers Limited has acquired freehold plot of land admeasuring approximately 1,073.42 square meters situated off Lady Jamshedji Road, Mahim (West), Mumbai for a total consideration of INR 331 million. The project is a redevelopment project which entails redevelopment of 7 tenants/occupants who have vacated their respective premises and the plot is rendered vacant. After deducting the FSI required for rehabilitating the said tenants /occupants of the property and surplus area to be handed over to MHADA, the estimated balance carpet area available for sale is about 2,787 square meters (30,000 sq.

ft.) with a GDV of INR 1,200 million.