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GIORGIO ARMANI BULLISH ON INDIAN LUXURY REAL ESTATE (after enjoying success in designing luxury apartments at Burj Khalifa) Fashion designer Giorgio Armani of Italy is bullish on the luxury real estate segment in India, after enjoying success in designing luxury apartments at Burj Khalifa in Dubai. Giorgio Armani has tied up with the Lodha Group of Mumbai and is also collaborating with Supertech of Noida in Uttar Pradesh for an Armani Tower. The Armani Tower spread over 4,00,000 square feet comprises 100 luxury residential units, with interiors and furniture done by Armani. Source: Business Standard. Dec 31, 2012; pg 2 ----------------------------------------------------------------2. GOOD RESPONSE TO LODHA'S NEW CUFFE PARADE (project and the company has sold 400 apartments already)

The Lodha Group has received good response for its New Cuffe Parade project near IMAX Dome on the Eastern Freeway in Mumbai. It has sold 400 apartments already. The project on 23 acres of land is estimated to cost Rs10,000 crore. Source: Projects Info. Dec 18, 2012; pg 6 ----------------------------------------------------------------3. LODHA BUYS US CONSULATE TOWER FOR Rs342 CRORE (with an intention to develop a superluxury, high-rise residential tower) Lodha Group has acquired Washington House in Mumbai from the US Consulate for Rs341.82 crore. The group intends to develop a super-luxury, high-rise residential tower in the place of the 30- storey Washington House located on Altamount Road.

Source: Financial Express. Dec 13, 2012; pg 4 ----------------------------------------------------------------4. LODHA LAUNCHES RESORT-STYLE RESIDENTIAL PROJECT NEAR PUNE (with an investment of Rs1,400 crore in two phases) The Lodha Group has launched its five-star resort style residential project 'Lodha Belmondo' on the Pune-Mumbai expressway near Pune. The project on 108 acres of land will have 1,900 units of one, two and three-BHK apartments, four BHK sky duplexes, independent bungalows and golf villas. The cost of the project to be developed in two phases is estimated at Rs1,400 crore. The first phase with 1,100 units would be ready in 27 months. Source: Financial Chronicle. Dec 13, 2012; pg NA ----------------------------------------------------------------Record No: 5.

5. LODHA TIES UP WITH YOO FOR NEW CUFFE PARADE PROJECT (Lodha Evoq, a 63-storey luxury tower) Lodha Group, a luxury developer of India, has partnered with `yoo' inspired by Starck, the world's innovative designer. The Company plans to launch Mumbai's first signature residences with the mark of Phillippe Starck, world's iconic designer. Yoo will design the residences and common spaces of Lodha Evoq, a 63-storey luxury tower. Source: CONSTRUCTION WORLD. Nov 30, 2012; pg 64 ----------------------------------------------------------------6. LODHA OFFERS SIGNATURE RESIDENCES IN MUMBAI (at New Cuffe Parade for Rs5-25 crore) Lodha Group has launched its first signature residences `Lodha Evoq' at New Cuffe Parade in Mumbai. Lodha Evoq with 63- storey luxury tower will have apartments in sizes of 2,600-8,700 square feet with price from Rs5-25 crore. The cost of the project is estimated at Rs10,000 crore. Source: Financial Chronicle. Nov 08, 2012; pg NA ----------------------------------------------------------------7. LODHA BUYS DLF'S MUMBAI LAND FOR Rs2,725 CRORE (to mark the largest realty deal so far in 2012) Lodha Developers has acquired the 17-acre prime land in Mumbai from realty major DLF for Rs2,725 crore to mark the largest realty deal so far in 2012. DLF had purchased the land from National Textile Corporation in 2005 for Rs703 crore. Source: Business Standard. Nov 02, 2012; pg 2 ----------------------------------------------------------------8. LODHA GROUP: DEMAND FOR QUALITY HOMES INTACT (owing to significant growth in urban areas and poor quality houses in the current housing stock) Real estate developer Lodha Group of Mumbai has stated that the demand for quality homes is intact owing to significant growth in urban areas and poor quality houses in the current housing stock. The company has no plans of raising any external finance at the moment after generating Rs1,500 crore of free cash flow in 2011- 2012. The company expects to generate new sales of Rs7,000-8,000 crore in 2012-2013 with an average selling price of Rs8,500-9,000 per square feet. Source: Financial Express. Oct 16, 2012; pg 4 ----------------------------------------------------------------9. PROPERTY TALES (Lodha Developers has mandated Kotak Mahindra to raise funds for its project)

Lodha Developers has mandated Kotak Mahindra to raise funds for its project. The company has bought DLP assets in a Rs2,700-crore transaction. It is planning to approach banks and private equity to take part in the project. Banks have suggested the company to follow an affordable pricing strategy similar to

that of L&T Realty for its project in Parel in Mumbai and price the flats at less than Rs20,000 per square feet. The pricing strategy of Lodha Developers will affect that of Bombay Dyeing and Century, which have been looking at higher valuations. Source: BIKE INDIA. Sep 30, 2012; pg 12 ----------------------------------------------------------------10. L&T TO CONSTRUCT NEW CUFFE PARADE FOR LODHA (with an investment of Rs10,000 crore up to 2017-2019) L&T Construction plans to develop Mumbai's `New Cuffe Parade' for Lodha Developers. The proposed project involves an investment of Rs10,000 crore up to 2017-2019, which will be one of the largest private investments in the Mumbai Metropolitan Region. The Company's Buildings and Infrastructure IC has been pioneering with solutions in residential projects, covering design and construction of high-rise apartments and large townships. With advanced techniques, the Company aims to complete the 63storey towers before schedule. Source: CONSTRUCTION WORLD. Sep 30, 2012; pg 64 ----------------------------------------------------------------11. DLF TO SELL ITS MUMBAI LAND FOR Rs2,800 CRORE (to the Lodha Group and a private equity firm) DLF of Delhi plans to sell 17.5 acres at Lower Parel in Mumbai to the Lodha Group and a private equity firm for Rs2,800 crore. The Company expects to clear part of its debt of Rs22,725 crore as in Mar 2012. The prospects have paid an advance and the final terms of the deal are being worked out. DLF expects to get the full Rs2,700 crore-2,800 crore in one disbursal by Nov 2012. Source: CONSTRUCTION WORLD. Sep 30, 2012; pg 68 ----------------------------------------------------------------12. LODHA BUYS DLF'S MUMBAI PLOT (for Rs2,700 crore) Lodha Developers of Mumbai has entered into an agreement with DLF to acquire Jawala Real Estate (JLR), the wholly owned subsidiary of DLF. The deal is worth Rs2,700 crore. JLR owns a 17-acre textile mill property at Worli in Mumbai. DLF had purchased Mumbai plot in 2005 from National Textile Corporation for Rs700 crore. Source: Business India. Sep 02, 2012; pg 16 ----------------------------------------------------------------13. L&T TO CONSTRUCT LODHA'S NEW CUFFE PARADE PROJECT (which envisages an investment of Rs10,000 crore spread over seven years) L&T Construction has won a contract from Lodha Developers of Mumbai to construct its upcoming residential project called New Cuffe Parade in Mumbai. The project will have four 63-storey towers in the first phase. The project spread across 23 acres envisages an investment of Rs10,000 crore spread over seven years.

Source: Financial Express. Aug 15, 2012; pg 6 ----------------------------------------------------------------14. DLF TO SELL WORLI LAND TO LODHA FOR Rs2,700 CRORE (the company had bought the land for Rs700 crore in 2005) DLF Ltd has entered into an agreementt to sell 17.5 acres of land at Worli inMumbaii to Lodha Developers for Rs2,700 crore. The company had bought the land from National Textile Corporation for Rs700 crore in 2005. DLF intends to sell its non-core business to reduce its debt. Lodha Developers intends to build a mixed-use complex at Worli. Source: Business Line. Aug 14, 2012; pg 5 ----------------------------------------------------------------15. DLF CLOSES NTC LAND DEAL (with the Lodha Group for an estimated Rs2,500 crore) Real estate developer DLF Limited is set to close a deal with the Lodha Group for selling its 17.5 acres of National Textile Corporation (NTC) Mill land for an estimated Rs2,500 crore. DLF had purchased the land from NTC in 2005 for Rs703 crore. DLF has proposed to reduce its debt of Rs22,725 crore by Rs5,000 crore by Mar 2013 through sale of non-core assets. Source: Business Standard. Aug 10, 2012; pg 10 ----------------------------------------------------------------16. LODHA'S TO SIGN MoU FOR Rs2,700 CRORE LAND DEAL (with DLF for acquiring 17 acres of NTC land in Mumbai) Lodha Developers of Mumbai would sign a memorandum of understanding (MoU) with DLF Limited for a land deal of Rs2,700 crore. It is acquiring 17 acres of National Textile Corporation (NTC) land in Mumbai from DLF, which had bought the property from NTC for Rs700 crore in 2005. Lodha has already paid Rs500 crore as advance for the property. Source: Projects Info. Aug 05, 2012; pg 15 ----------------------------------------------------------------17. WASHINGTON HOUSE IN MUMBAI SOLD TO LODHA GROUP (for over Rs375 crore by the Government of US) Government of US has sold `Washington House' located at Altamount Road in Mumbai to the Lodha Group for over Rs375 crore. The property is a three-storey building covering 2,702 square metres. The Lodha Group, which has bought it, plans to demolish it and construct a luxury residential tower at the site. Source: CONSTRUCTION WORLD. Jul 31, 2012; pg 60 -----------------------------------------------------------------

18. DLF'S MUMBAI LAND TO BE SOLD FOR Rs2,800 CRORE (the deal will help DLF pare part of its debt that has reached Rs22,725 crore) Developer DLF, based in Delhi, is to sell its 17.5-acre property at Lower Parel in Mumbai to the Lodha Group and a private equity (PE) player for about Rs2,800 crore. The deal will help DLF pare part of its debt that has reached Rs22,725 crore. Source: Economic Times. Jul 30, 2012; pg 7 ----------------------------------------------------------------19. LODHAS SET TO BUY DLF'S NTC LAND IN MUMBAI FOR Rs2,500-2,700 CRORE (DLF has already received Rs500 crore as advance from Lodha Developers) DLF Ltd is likely to finalise a deal to sell its 17-acre National Textile Corporation (NTC) land to Lodha Developers of Mumbai for an estimated Rs2,500-2,700 crore. DLF has already received Rs500 crore as advance from Lodha Developers. The balance amount will be paid after the execution of the memorandum of understanding. DLF had a debt of Rs22,725 crore as on 31 Mar 2012. Source: Business Standard. Jul 20, 2012; pg 2 ----------------------------------------------------------------20. RESIDENTIAL COMPLEX - NEW CUFFE PARADE (project will have 10 towers of ground plus 63 floors) Lodha Group of companies is building a residential complex, Lodha Dioro, at New Cuffe Parade, Mumbai, Maharashtra, over 23 acres. The project will have 10 towers of ground plus 63 floors with two and three bedroom, hall and kitchen flats. The work is in progress and expected to be completed by Dec 2015. Source: PROJECT ALERT. May 21, 2012; pg 8 ----------------------------------------------------------------21. LODHA GROUP, US-BASED PE FUND BID FOR DLF'S LOWER PAREL PROPERTY (in Mumbai for Rs2,900 crore) Vornado Realty Trust is a private equity (PE) fund based in US. The Lodha group and Vornado have together offered Rs2,900 crore for the 17-acre plot of DLF in Mumbai's Lower Parel area. Lodha has already started the due diligence process and a deal is expected to be closed during Apr-Jun 2012. DLF had bought the land in 2005 from National Textiles Corporation for Rs702 crore. Source: Economic Times. May 18, 2012; pg 7 ----------------------------------------------------------------22. PARTNERSHIP BETWEEN ARMANI/CASA INTERIOR DESIGN STUDIO AND LODHA GROUP (comprising World One and World Crest on 18 acres of land) The World Towers project comprising World One and World Crest on 18 acres of land at Upper Worli in Mumbai has already seen bookings of 160 units. The project is a partnership between the Lodha Group

of Mumbai and Armani/Casa Interior Design Studio, which is famous for its exclusive interior design collaborations with select clientele. World Towers is being projected as the world's tallest residential building, while World Crest will be one of the tallest towers in the country. Source: Business India. Mar 04, 2012; pg 25 ----------------------------------------------------------------23. YOU HAVE TO RUN THE BUSINESS WELL TO EARN SUCH CASH FLOWS' (says Lodha Developers, which repaid Rs2,542 crore to Deutsche Bank of Germany to enable the investor to exit the company) Lodha Developers has repaid Rs2,542 crore to Deutsche Bank of Germany to enable the investor to exit the company. Of this amount, the company paid two-thirds from its own sources. The Managing Director of Lodha Developers has said that running its business well leads to cash flows of Rs125-150 crore per month. Lodha Developers gets Rs400 crore from customers every month. Of this, construction accounts for Rs180 crore, interest payments for Rs25 crore, general expenses for Rs45 crore and free cash flow accounts for Rs150 crore. Source: Business Standard. Feb 11, 2012; pg 3 ----------------------------------------------------------------24. DEUTSCHE BANK EXITS LODHA INVESTMENT (of Rs1,640 crore invested in the company in 2007 to acquire compulsorily convertible debentures) Deutsche Bank has sold its entire stake in Cowtown Land Development Ltd, a Lodha Group firm, for Rs2,542 crore. It had invested Rs1,640 crore in the company in 2007 to acquire compulsorily convertible debentures. Deutsche Bank has made a profit of 55 percent or Rs902 crore on the investment. Source: Business Standard. Feb 10, 2012; pg 2 ----------------------------------------------------------------25. LODHA VENTURES INTO MALL DEVELOPMENT IN MUMBAI (plans to announce its entry into the retail space in the next six to eight months) Lodha group, a leading developer of luxury homes in Mumbai, will be venturing into mall development. The company plans to announce its entry into the retail space in the next six to eight months. The diversification is in the design phase at present. Source: Financial Chronicle. Feb 06, 2012; pg 7 ----------------------------------------------------------------26. LODHA'S WORLD TOWERS TO HAVE ARMANI TOUCH (Lodha is partnering with Armani Casa for World Towers at Upper Worli in central Mumbai) Lodha has partnered with Giorgio Armani's interior design studio, Armani Casa, for World Towers at Upper Worli in central Mumbai. With this, Armani will be doing the interiors and decor in India for the first time. The World Towers project comprises World One, the world's tallest residential tower with 117 floors, and World Crest, a700-feet tall tower. The World Towers will have exclusive three-bedroom and

four-bedroom World Residences, lavish World Villas with a private pool, and the luxurious duplex World Mansions with private pool, gym and personal elevator. The apartments will be priced at Rs9.5 crore while the villas and mansions will carry a price tag of up to Rs100 crore. Source: Financial Chronicle. Feb 02, 2012; pg 7 ----------------------------------------------------------------27. LODHA SELLS 400 APARTMENTS IN NEW CUFFE PARADE PROJECT (spread on 23 acres involving an investment of Rs10,000 crore by 2017-2019) Lodha Group has sold over 400 apartments at its `New Cuffe Parade' project on Eastern Freeway in Mumbai. The project spread on 23 acres will involve an investment of over Rs10,000 crore by 20172019, one of the largest private investments in Mumbai Metropolitan Region. In phase-I, the project will consist of twin towers of 63 storeys with 15-acre lush green space, making it the city's greenest development. Source: CONSTRUCTION WORLD. Jan 31, 2012; pg 57