January 06,2017 To, The Deputy Manager "The Manager Department of Comporae Services, "National Stock Exchange of Inia Limited BSE Limited Exchange Plaza, Plot No. C/, G Bleck, Floor 25, PJ Towers, Bandra Kurla Complex, Bandra East, Dalal Sttet, Mumbai - 400 001 ‘Mumbai ~ 400 051 Serip Code: 32784 Serip Code: SOBHA, Dear Sir/Madam, ‘Sub: Real Estate Operations Update for the quarter ended December 31,2016, With reference to the above captioned subject, please find enclosed a statement containing an update on the real esate operations of the Company for the quarter ended December 31,2016. We request you to kinily take the aforesaid information on record for dissemination through your website Thanking you ‘Yours sincerely, FOR SOBHA LIMITED VIGHNESHWAR G BHAT COMPANY SECRETARY AND COMPLIANCE OFFICER‘sopHa uMarreD REAL ESTATE OPERATIONAL UPDATE ~Q3 FY 2016-17 Season's Gretngs and best wehes to al cur esteemed stakehoklers fra happy and prosperous 2017, “The most postive forecasts sugest tht Ind il close this cal year in March wth respectable, but “ght lone, orth rate ust above 73, While the Indian economy conned to console ts gl, got impaced post amouncement of demenetization We expect et be a short-term pain, which has te pass ‘trough for steady and sustaabe growth. The Agriculture and alled sector isn encouraging mode have regbtered a gronth rate of 25% dung the fst half of 2016-17 as compared to 2.3% during the same pid in previous year and isexpected to maintain ts momentum. However, the gromth rats for Industry and Series sector fr the fist half f the curant year, which were estimated at 5.6 percent and 9296 respacvely, wll have temporary impediment othe nea Future. “The inflaton has remind nto les in comfort zone, The Goverment has aso Bbealzed and simplified the foreign dec investment (FOD peyote actors ike defense, rabwayiasrture, construction ete that should star yillng required reauts, Th realestate sector was begining to show a cer Sgn of Improvement but ao got paced post announcement of demonetization. However, we are confident thet this dowedown val be momentary In nature ad ring huge gant the organized deveoper as wel as tothe ‘consumers. With the beginring of New Year, step reduction in intrest rates clearly validate these assumptions Ils als expected that ther measires nats by the government such as RERA at, GST and simpleton ofthe Central lms tke enviroment acs et, wil make the sector more transparent and user ‘en Ii ths backdrop, we presen the performance of the realestate operations ofthe Company forthe quarter ended December 31,2016. “ve company rng the third quarter achieved now sala volume o 613,652 square fet valnd 28 RS. 9.797 iin wth an average reaation of Rs. 6,082 pr square ft The Company beleves the decrease in sles ‘volume a 8 short term outro the current econemi scenario, Weare pleased to inform that borrowing cost the companys rough dawn by 100 bass points in last one year. The operational ash Fw ofthe Cconpory remain postive ard the dabe poston was stable curing the 3 quarter of 2016-17. A far asia “The sates inltves taken by the company in last few yeas should suppor the company to capitalize opportunities, when the demand stats picking up. “The suremaried el estate pesformance forthe quater ended December 31,2016 gen asunder: Now Sales: In Square Feet Location | 93a7 | 9336 oma7 | omas | Fras Bangalore so30a7| _ 616742 a7wsae7| iszaai0) 255204 Zao] 9706 ns726| zen] 65.710 man| 93,148 as77| _sa16| 200468 20] 29774 was] 62749] 105264 sos] 12607 assis] siaa7| 544s Coimbatore sos | 404 zeae) asst] 19.635 coehin Tae] sat somzo[ _s7aes| 2655 ‘calet a2 | 1953 ons] ezois| sea yore ise 3797 31903[ 18608] 8530 Tora | 613,652] 606,309 2,278,563 | 2,498,037 | 3,383,722 Tl Save Moto = 10,754 Spare Feet) ‘Sales Value: Particulars Total Sales value (Mabon) ‘aes Value ~ Sobhe Shere ( ation) Price Realisation: Partiulars Theiage ice Realeaton =Total (Square Feet) Trice Realization ~Sobha Share C/ sare Feet)Investor Contact Details: Subhash Mohan Bhat Bol Murugan Chit Franca OFrcer ‘Senioe Manager ~ Investor Relations ‘Mobie: ¥91 99601 99008 ebie: +91 58007 30459 El: subhash.ohat@sobha com all: balamuruoan, sob. com Disisiner: The infermation in this update contains certain fowardreoting statements. These inde “Statement regarding outlook on future development schedules, bushes pans and expectations of capt) expenditure. These statements are based on current expectations that vate @ number of rss end Unceraies whith cout cause actual rests oie frm hose antpated by the Company.