Management Discussion and Analysis:

A. Industry Structure and Developments

The real estate sector in India is being recognized as an infrastructure Service that is driving the economic growth of the country. Foreign Direct Investment (FDI) in the sector is expected to increase to US$ 25 billion in the next 10 years, from brsent US$ 4 billion, according to a latest industry body report. The market for building activities is growing steadily while competition also increases by many folds.

B. Performance

The company has not made any income during the financial year and reported 0.57 Lakhs income in the brvious year. Your company has incurred a net loss of 1.24 Lakhs as against a net profit of 0.31 Lakhs during the brvious year.

C. Segment Wise Performance

Your company operates in a single segment, i.e. development of infrastructure and as such segmental reporting is deemed to be not applicable

D. Concerns

The Construction sector, however, continues to face challenges from land acquisition issues, adverse political and structural changes. Moreover, Profitability and liquidity could be adversely impacted during cyclical downturns.

E. Outlook

Your company is focusing on the domestic markets for increasing the Turnover and profitability. The company is trying to tie up with strategic partners to venture into allied activities.

F. Internal Control Systems

Your company had a proper and adequate system of internal controls to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition.

G. Human Resources and Industrial Relations

Your company is operating with skeletal human resources. However there is adequate manpower to cater to requirements.

CAUTION

This Report is based on the current situation, past experience and information available to the Company about its various businesses and assumptions regarding economic and industrial scenario, Governmental and other regulatory policies. The Performance of the Company is, to a great extent, dependent on these factors. The future performance may be materially influenced by the changes in any of these factors, which are beyond the control of the Company and may affect the views exbrssed in or perceived from this Report. Therefore the investors are requested to make their own independent judgments by taking into account all relevant factors before any investment decision.