Q 4 FY 14 RESULTS PRESENTATION June 2014

Q 4 FY 14 RESULTS PRESENTATION June, 2014

OVERVIEW FINANCIAL HIGHLIGHTS PROJECTS INFORMATION 3 D Views SAFE HARBOUR This report includes forward looking statements covered by Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal years as shown above could differ materially from company's current expectation. The company undertakes no obligation to revise or update forward looking statements as a result of new information since these statements may no longer be accurate or timely.

OVERVIEW

GHCL OVERVIEW ü Over 43 years of experience ü 17. 5 million Sq. Ft. of residential development completed ü INR 2. 88 Billion in Annual revenue in FY 14 ü 1. 70 million Sq. Ft. of residential development in progress ü 0. 54 million Sq. Ft. of commercial development in progress ü Developable land area with the company as on 31 st March, 2014 is approx. 614 acres within Ahmedabad. ü 26. 06 million Sq. Ft. of residential and commercial development will take place in 614 acres over the period of 8 -10 years.

FINANCIAL YEAR 2013 -14 HIGHLIGHTS ü Net sales have increased from Rs. (-205. 964) Million to Rs. 797. 278 Million an increase of 487. 09%. ü Expenses have increased from Rs. (-300. 197) Million to Rs. 320. 115 Million an increase of 206. 63%. ü EBITDA has increased from Rs. 189. 861 Million to Rs. 490. 377 Million an increase of 158. 28 %. ü Tax Expenses has increased from Rs. (-683. 72) million to Rs. 911. 16 Million an increase of 233. 26 % ü Net profit after tax from operations has increased from Rs. 100. 211 Million to Rs. 243. 587 Million , an increase of 143. 07% ü Earnings per share has increased from Rs. 3. 07 per share to Rs. 7. 46 per share, an increase of 142. 99%

Q 4 FY 2014 PERFORMANCE(CONSOLIDATED) Particulars Q 4 FY 2014 Q 4 FY 2013 12 M FY (Rs. in 2014 (Rs. in 2013 (Rs. in Millions) Sales and operating income 797. 278 (205. 964) 2832. 14 1193. 09 Other operating income 33. 255 65. 677 53. 914 97. 207 Total income 830. 533 (140. 287) 2886. 054 1290. 298 EBITDA 497. 845 196. 558 1366. 165 1049. 008 Profit before tax 338. 361 27. 849 689. 989 384. 886 Profit after tax 247. 246 96. 221 501. 128 339. 749 Minority interest (3. 659) 3. 990 (2. 027) 3. 624 Net Profit 243. 587 100. 211 499. 101 343. 373

Q 2 FY 2014 FINANCIAL ANALYSIS (CONSOLIDATED) Particulars Q 4 FY 2014 Q 4 FY 2013 12 M FY 2014 12 M FY 2013 EBITDA / Total Income 59. 94% -140. 11% 47. 33% 81. 29% PBIT Margin % 59. 04% -135. 34% 46. 34% 79. 36% PAT Margin % 29. 33% -71. 43% 17. 29% 26. 61% Earning Per Share (EPS) – Rs. 7. 46 3. 07 15. 28 10. 51 RONW 3. 59% 1. 57% 7. 35% 5. 38% Net Debt / Equity Ratio 0. 48 0. 56 Avg. Borrowing Cost 18. 44% 18. 58% 18. 92% 21. 36%

DEBT DETAILS FOR FY 2014 TYPE OF LOAN FOR FY 2014 AS ON 31 st MARCH , 2014 FOR FY 2013 AS ON 31 st MARCH , 2013 SECURED LOAN 3337. 066 3604. 716 UNSECURED LOAN 337. 325 233. 081 TOTAL DEBT 3674. 391 3837. 797 Hence , debt increased by Rs. 163. 406 millions in Q 4 FY 2014 as compared to Q 4 FY 2013.

NOTE ON PLEDGE SHARES AS ON 31 st MARCH, 2014, THE TOTAL SHARES PLEDGED BY THE PROMOTERS FOR AVAILING THE CORPORATE LOAN FOR THE COMPANY IS 1, 68, 42, 596 i. e. 91. 66 % OF THE TOTAL PROMOTER HOLDING IN THE COMPANY. THESE SHARES ARE NOT PLEDGED AS PRIMARY SECURITY, AGAINST THE CORPORATE LOAN TAKEN BY THE COMPANY BUT THESE SHARES PLEDGED AS SECONDARY SECURITY.

PROJECTS

All Projects Map

ONGOING PROJECTS UPDATE (Residential) 1) SUNDARVAN EPITOME The project was launched on January, 2013 and the details of the development are as follows: NO. OF APARTMENTS SIZE OF EACH APARTMENT IN Sq. Ft. TOTAL DEVELOPMENT IN Sq. Ft. TYPE 1 - 4, 855 Sq. Ft. 46 Luxurious Apartments TYPE 2 – 4, 928 Sq. Ft. TYPE 3 – 4, 954 Sq. Ft. 2, 34, 476 TYPE 4 – 9, 396 Sq. Ft. The price rate per sq. ft. is Rs 7200/Sq. Ft. Presently, 100% of the project is booked.

ONGOING PROJECTS UPDATE (Residential) 2) MADHUBAN HILLS ( Nathdwara – Rajasthan) The project was launched on 8 th June, 2014 and the details of the development are as follows: TOTAL DEVELOPMENT IN Sq. Ft. A TYPE - 2410 Sq. Ft. NO. OF ROW HOUSES SIZE OF EACH ROW HOUSE IN Sq. Ft. A TYPE - 55, 430 Sq. Ft. 228 ( INCLUSIVE OF TYPE B TYPE -1565 SQ. FT. B TYPE – 2, 86, 395 SQ. FT. A AND TYPE B) PLOT AREA RANGING FROM 756 Sq. Ft. TO 2940 SQ. FT. Rate per sq. ft. for land is Rs 2625/Sq. Ft. and for building is Rs. 1870/ Sq. Ft

ONGOING PROJECTS UPDATE (Residential) 3) MALABAR COUNTY ( CHHARODI) The project was launched on March 2013, and the details of the development are as follows: NO. OF APPARTMENTS SIZE OF EACH APARTMENT IN Sq. Ft. TOTAL DEVELOPMENT IN Sq. Ft. 3 BHK – 1482 Sq. Ft. 600 NOS. (INCLUSIVIE OF ALL TYPES) 2 BHK – 1167 Sq. Ft. 7, 51, 072 Sq. Ft. 2 BHK – 1168 Sq. Ft. 2 BHK – 1133 Sq. Ft. The project is 98% booked and the average realization rate is Rs. 2700 / Sq. Ft.

ONGOING PROJECTS UPDATE (Residential) 4) MALABAR COUNTY – 2 ( Tragad) The project was soft launched on Oct 2013, and the details of the development are as follows: - NO. OF APPARTMENTS SIZE OF EACH APARTMENT IN Sq. Ft. TOTAL DEVELOPMENT IN Sq. Ft. 442 (INCLUSIVIE OF ALL TYPES) 3 BHK – 1530 – 1701 Sq. Ft. 681, 588 Sq. Ft. The project is 35% booked and the average booking rate is Rs. 2750 / Sq. Ft.

ONGOING PROJECTS UPDATE (Commercial) MAGNET CORPORATE PARK üThe project consists of total 6, 31, 081 sq. ft. ( Saleable) of commercial space. ie. 23 nos. of individual corporate house ü 8, 287 sq. meter of Land in this project is sold to INTAS Pharma for their own corporate house at approx. Rs. 80 Crores üThe project was launched on Oct-2011 and till the end of the quarter 20% of the total space is booked üTotal unsold area is 414, 749 Sq. Ft. and the approx. avg. price rate is Rs. 6000 /Sq. Ft

ONGOING PROJECTS UPDATE (Commercial) MALABAR COUNTY-2 ( COMMERCIAL) üThe project consists of total 38, 473 Sq. Ft. (Saleable) of commercial space. ie. 60 nos. of individual shops üNo. of units on ground floor = 30 üNo. of units on first floor = 28 üThe project was soft launched on Oct 2013 and the average booking rate per Sq. Ft. is Rs. 7000.

Total Un-sold Inventory Till 31 st March, 2014 Residential segment üMalabar county – 71, 950 Sq. Ft. worth Rs. 19 cr. üMadhuban hills – 3, 34, 990 Sq. Ft. worth of Rs. 80 cr Total unsold area ( Residential) – 406940 Sq. Ft. worth of Rs. 99 cr. Commercial segment üMagnet Corporate Park - 414, 749 Sq. Ft. worth of Rs. 228 cr Total unsold area (Commercial) – 4, 14, 749 Sq. Ft. worth Rs. 228 cr. TOTAL SALE VALUE OF UNSOLD INVENTORY= Rs. 327 cr.

COMPANY OUTLOOK P New projects such as Malabar county, Sundarvan Epitome, Magnet Corporate Park and Madhuban Hills have been launched in last 30 months. Total saleable area of the above mentioned projects is 18, 42, 977 Sq. Ft. The cost and sales details of these projects are as under P The Company has estimated a total construction cost of Rs. 2156 millions for Malabar County , Sundarvan Epitome, Magnet Corporate Park and Madhuban hills projects. Till the end of this quarter, we have incurred Rs. 1095. 9 millions towards the construction cost of the above mentioned projects. Remaining Rs. 1060. 1 millions will be spent over the period of 2 -3 years P The Total sales value of Malabar county, Sundarvan Epitome, Magnet Corporate Park and Madhuban hills projects is Rs. 6400 millions. Out of which we have booked sales of Rs. 2784. 4 millions. Remaining sales of Rs. 3615. 6 millions is likely to be booked in coming 2 -3 years.

3 D VIEWS OF CURRENT PROJECTS

Malabar County – II (Residential Project 3 BHK Apartments with Commercial Spaces) 3 D View

Malabar County – II (Residential Project 3 BHK Apartments with Commercial Spaces) 3 D View

Malabar County - I (Residential Project 2 & 3 BHK Apartments 3 D View

Magnet Corporate Park (Individual Corporate Houses 3 D View

Sundarvan Epitome (4 BHK High End Premium Apartments) 3 D View

Madhuban Hills (3 BHK Row Bunglows) 3 D View

Completed Projects