october 05, 2016 To To Te ‘The Deputy Manager The Manager Department of Corporate Services ‘The National Stock Exchange of nda Limited BSE Limited Pd Towers, Dalal Street ‘Mumbai - 400 001 Setip Code : 532784 Exchange Plaza, Plot NoC/1, 6 Block Bandra Kurla Complex ‘Mumbai ~ 400 052 Scrip Code: SOBHA Dear sir / Madam, ‘Sub: Real state Operations Update for the quarter ended September 30, 2016 \With reference to the above captioned subject, pease find enclosed a statement containing an update on the real estat operations of the Company for the quarter ended September 20, 2016. \We request you to kindly tke the aforesaid information on record for dissemination throush your webste. Thanking You. Yours sincerely, FORSOBHA LIMITED. Qchort \HNESHWAR 6 BHAT ‘COMPANY SECRETARY AND COMPLIANCE OFFICER‘SOBHA LIMITED REAL ESTATE OPERATIONAL UPDATE ~ Q2 FY 2016-17 “The recat INF report stgest that the Indian ecenemy i projected to Grow at 7.6% In fal 2017, making Inc othe fastest and lxgest growing acon nthe word, With 3 conducive ‘economic envionment -aupled with fevouable poiky measures Ike Inveducton of GST, troduction of RERA anc at cuts by RE augur wel for the realestate sector as @ whole and paca forthe Company. With he Iecucton of GST in 2017, eal estat sector should se the benefits of geting input crest on ems Bike steel cement etc, which should mitigate the inflation effect oan extant. The reversal inthe nee ate ce hasbeen ceatTemes by RBI by way of fuer rte cut te an extent of 25 bps, the bene of which willbe passed onto the home ‘yer. Th il ao help the company in reducing ts costo debt nthe lng term. The Seventh oy Commission recommendations beng implemented by Central Government shout provide stobe and poste impact onthe exnomy inthe form of inreased spending for ceating lang term acces, We expect significant demand revival fo ou sector with improved sestimerts in slat along vith creases afordably forthe end cstomers In this beckrop, the performance of real estate operations ofthe Company during the second quarter ofthe franca Year 2016-17 was on wack The Company during the quarter achieved new sales of 855,662 square feet vue a 5,162 illon with an average reasatin of € 6,055 per square fet ‘owing the quarter, the Company had lurched "Sobha Square’ Yelahank, North Bangalore ‘ty total saleable ara f 0.51 millon square fet. The sof lunch of the 1% phase of Haina ‘One Project comprising 0.50 lon Square Fest (Tea akeabe area ofthe project being 3.29 rion square fee) n Cichin, Kerala was done In September 2018. "Marna One wil eonsodate the Companys presence in Cochin and with adequate inventory inthe pipeline, wil contibute toward the performanc ofthe Company nthe Kerala marktiil “he summarise realestate parfrmance forthe quarter ended September 30,2016 i given as under Now Sales: In Square Feat Toeation que Way Wie Wie Taso 605,985 1295851 1,306 468 2582,144 Te re 13,62 19048 78 ‘ena 115816 93,108 181,974 30468 reson 18,57 32,756 22.975 103,264 Pare 17365 on 39.270 5468 Teintatore 10,659 15.200 13,268 193635 ‘Cacia 253810 52477 330) 2553 Gaia 35,896 7499 2.565 35,82 Toe 6,100 8.468 itt 118,590 350,329 664,923 1,601,728 3,383,722 7 Sars Mee = 10,764 Suare Feet) “atat Sales vaue (fon) Soles Vale ~ Sata Sars nition) Price Realisation: Particulars ‘erage Pe Reason = Total (€/ Square Feet) ice Reaization ~ S0bR= Share (@/ Square Feet)idl “The second quarter has shown an encouraging trend of sustaining Sales; momentum and achieving higher ealstons, With postive fctrs ike fling interest rates and nearing festival season, the company fs sonfdent of mzcting ts guidance of new sles volume of 3.50 milion square fet valved at R20 billon Investor Contact Details: ‘subbash Mohan Bhat Chief Franco Oise Hobe: +91 99801 99088 mal: subhash,bhatbha.com Bala Murugan Senior Manager ~ Investor Relations Mobile: +91 9807 30489 alt: blamurus bnscb.com isin: The infra inte update conta crt frwarookingStements. These ince ott egurdig outa on ture event sched, uses pls md expectations apt fwd, These satenets are based on curent expectations ti ae a numberof risk anc encarta which cul use cul ests orf those atte by the Company.