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REAL ESTATE

October 2007

DISCLAIMER

This presentation has been prepared jointly by the India Brand Equity Foundation (“IBEF”) and Ernst & Young Pvt. Ltd. (“Authors”).

Author’s and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice.

All rights reserved.All copyright in this presentation and related works is owned by IBEF and the Authors.The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of IBEF.

This presentation is for information purposes only.While due care has been taken during the compilation of this presentation to ensure that the information is accurate to the best of the

The Author and IBEF neither recommend or endorse any specific products or services that may have been mentioned in this presentation and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed in this presentation.

Neither the Author nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this presentation.

www.ibef.org

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