NEWSLETTER. Greetings from Satish Chukkapalli. A word from a proud owner - Mr. Kotta Srinivas S E P T E M B E R / O C T O B E R

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..7 Hyderabad's realty outlook positive: Cushman & Wakefield...8 Hyderabad is India s 2nd Largest Software Exporter city...9 Pratt & Whitney engine training centre in Hyderabad by mid-2015.

.10 Greetings from Satish Chukkapalli Dear All, Firstly Let me extend my warmest greetings for the Thanksgiving and an advanced greeting for Christmas and New Year.

1 S E P T E M B E R / O C T O B E R NEWSLETTER C O N T E N T : Greetings from the Director...1 Customer speaks...1 The Progress of the Buildings...3 Gachibowli Realty News: Cognizant to invest Rs 500 cr in Hyderabad facility...5 Gachibowli: A preferred realty destination...6 Hyderabad Realty News: Value Labs plans Rs 200-crore SEZ in Hyderabad...7 Hyderabad's realty outlook positive: Cushman & Wakefield...8 Hyderabad is India s 2nd Largest Software Exporter city...9 Pratt & Whitney engine training centre in Hyderabad by mid India Realty News: Hines to invest Rs 1,500 cr in Indian housing projects..10 Office space leasing up 31% in Jul-Sep at about 8 mn sq ft..10 Greetings from Satish Chukkapalli Dear All, Firstly Let me extend my warmest greetings for the Thanksgiving and an advanced greeting for Christmas and New Year. I sincerely wish that the festival will bring unbound happiness and prosperity into your life. I am glad to bring you the newsletter of September and October, In these months Hyderabad hosted a big event Cities for all - XI Metropolis world congress. 250 speakers from around the globe represented from 93 International cities. The event was a huge success thanks to its excellent theme and well-organized program content. The delegates spoke on a varied range of points making the event a very lively experience for all. I am happy to share with you that our IT SEZ Phoenix Info-city has recently been awarded The Best Business Model SEZ in India by the Govt.of India. The SEZ has some of the biggest names in the industry as its clients. The quality of workspace matches up with the best in the world. This issue begins with customer s opinion on Golf Edge, and then moves on to explain the progress of the towers. Taking into account the current changes in the political situation you will find relevant articles that try to project the future of real estate in Hyderabad and India. We hope that the September newsletter will lead you to understand the main trends of the realty in a better way. A word from a proud owner - Mr. Kotta Srinivas Recently I bought a property at Golf Edge. The quality of life offered by Golf Edge is simply great. The value appreciation is great too. My family can now look forward to absolute joys. The luxury is the real thing in Golf Edge. I am also thrilled that the location has so many advantages like the IT Hub, Network with the city and excellent connectivity to the International Airport. Take my suggestion and own a home at Golf Edge. Be happy forever just like us. Follow us on Facebook and get the latest news: 1

P A G E 2 Phoenix group wishes all our extended Phoenix family members a very Happy Birthday. Mr. Ashish Mehta - 25/09 Ms. K Sirisha - 11/09 Mr. Vivek Nemarugommula - 08/09 Mr.

2 P A G E 2 Phoenix group wishes all our extended Phoenix family members a very Happy Birthday. Mr. Ashish Mehta - 25/09 Ms. K Sirisha - 11/09 Mr. Vivek Nemarugommula - 08/09 Mr. Ravi Agnihotri - 11/09 Mr. K Anil Kumar - 23/09 Mr. Srinivas Krovi - 26/09 Mr. Juvvadi Chandra Shekar Rao - 26/09 Mr. Vijay Patibanda - 22/09 Mr. Virendra Kumar Aggarwal - 25/10 Mr. Pullela Satya Murthy - 11/10 Mr. Kollur Mahadev - 29/10 Mr. Bhanu Pullela - 06/10 Mr. Seshasai Kanchi - 3/10 Mr. Kush Bhandari - 06/10 Ms. Sirisha Nannapaneni - 14/10 Mr. Bharat Kidambi - 06/10 Mr. Avhijit Dev - 28/10 Mr. Rupam Dey - 15/10 Mr. Komilla Koul Trackroo - 28/10 Ms. Kavitha Gone - 10/10 Ms. K Surekha - 03/10 Mr. Dilip Nandamuri - 06/10 Ms. KORUPOLU Uma - 14/10 Mr. Ashwin Datla - 03/10 Ms. Silpa Nadella - 30/11 Mr. Kalyana Kattamuri - 10/11 Ms. Hemamalini R Kummatithidal - 14/11 Mr. Hyma Ramo Kandregula - 02/11 Mr. Ananth Rao Nemarugommula - 02/11 Mr. Gopala Saripalli - 10/11 Mr. Pamulapati Sudhir - 14/11 Mr. Ramesh Kolluru - 28/11 Ms. Challa Valli Padmavathi Devi - 15/11 Mr. Gurram Naga Praveen Kumar - 25/11 Mr. Mohammed Abdul Salam - 16/12 Mr. Ami Mehta - 08/12 Mr. Jaganmohan Manthena - 14/12 Mr. Vasireddy Surya Sekhar - 13/12 Mr. K Vamsi krishna - 26/12 Mr. Abhyuday Chakravarthi - 07/12 Mr. Srinivas V Bhupathiraju - 30/12 Ms. Geeta Manthena - 25/12 Ms. Challa Archana - 12/12 Mr. Capt Shailendra Kohli - 10/12 Mr. Radraraju Padma Rama Raju - 01/12 Mr. Vamsi Krishna K - 26/12

PAGE Progress of the Buildings Tower A Tower A Tower A.

90% of Internal plastering work is completed from ground floor up to the

In the tower B all the 30 slabs are completed.

3 PAGE Progress of the Buildings Tower A Tower A Tower A. All 30 slabs are completed. Masonry work completed till 29th floor. 90% of Internal plastering work is completed from ground floor up to the 29th floor. External work is in progress and 20% completed. Tower B. In the tower B all the 30 slabs are completed. Masonry work is completed till 29th floor. 90% of the internal plastering is completed and external plastering is 75% completed. Tower B Tower B 3

100% of internal plastering and 95% of external plastering are

4 PAGE Club house. Club house All the floor slabs of the clubhouse are completed. Masonry works in Ground, 1st, 2nd & Lower Terrace floor completed. 100% of internal plastering and 95% of external plastering are completed. Commercial building. The 7th floor of commercial building floor slab concreting is 100% completed. 8th Floor Slab Reinforcement work in progress Commercial building 4

P A G E 5 Gachibowli Realty News Cognizant to invest Rs 500 cr in Hyderabad facility Source: business-standard The fresh investment envisages adding a built-up area of 1.

5 P A G E 5 Gachibowli Realty News Cognizant to invest Rs 500 cr in Hyderabad facility Source: business-standard The fresh investment envisages adding a built-up area of 1.5 million sft on its 11-acre Gachibowli campus IT, consulting and business process outsourcing services provider, Cognizant, will expand its facility at Gachibowli in Hyderabad with an investment of over Rs 500 crore. The fresh investment envisages adding a built-up area of 1.5 million sft on its 11-acre campus. Cognizant currently has a 225,000-sft facility on the Gachibowli campus. Post the expansion, the facility will have a capacity to accommodate around 8,000 professional, the company said in a statement on Wednesday. Our Hyderabad centre is an important part of our integrated global delivery capability and represents our continued success in hiring the best talent to support our ever-expanding range of services, industries and geographies, said Lakshmi Narayanan, vice-chairman of Cognizant. Cognizant, which started its operations in Hyderabad in 2002, has grown from 180 professional in 2002 to more than 18,000 now. From its five facilities in Hyderabad one self-owned and four leased Cognizant services over 300 of its global clients in industries spanning banking and financial services, insurance, retail, hospitality, manufacturing and logistics, and life sciences. Apart from this, Gachibowli is the next IT hub after HITEC City that has attracted various developers from all over India. There are many renowned national developers who have scheduled pre-launches of various residential projects by the end of We expect investor enquires to bump up post that, adds Antony _1.html

6 P A G E 6 Gachibowli: A preferred realty destination Source: Magic Bricks Gachibowli is one of the modern suburbs situated in the Rangareddy district. It lies in the north-west of Hyderabad and is also a software hub. It is situated only 5 km from Hitech City, which is one of the major IT hubs in Hyderabad. The educational institutes in close vicinity are Indian School of Business, University of Hyderabad, International Institute of Information Technology and a Central school. The locality is growing in terms of real estate as many new upcoming projects are to be seen. Primarily for the north Indian crowd, Gachibowli is a preferred residential area and a place of investment. The reason being that there are several schools, eateries and recreation centers nearby. Amar Pratap, a young consultant working in a software firm who is a resident of the Gachibowli area revealed, I am staying in a 3-BHK flat in a gated community with some of the most premium amenities. It is an IGBC precertified green building. We have a lovely view of the lake, so that s a kind of bonus for my family. I prefer staying close to Gachibowli over the other areas because of its close proximity to the IT corridor and outer ring road. Also it is commutable to most of the malls and shopping centers. Many good schools like Chirec Public School are also nearby. In fact, I am pretty reassured also because of our proximity to Continental hospital and Citizen hospital. A fact which is agreed by Suchita, a young designer living in the area, I chose to reside in Gachibowli for the main reason that it is near my place of work and is convenient to stay at. My husband Naren and I also find a lot of eateries nearby like Ohri s, Delhi 39 and Mast Kalandar; and my children enjoy their weekends by going to Hazzel ice cream café and meeting their friends in Inorbit mall. Naren adds, I am happy since we are close to work place. Gachibowli is a developing area plus if I invest in a buy, the sale will appreciate. Some of the apartments have all amenities and power backup. Sathya Bhagat a theatre artist says, Earlier we were staying in Attapur. We bought an apartment in Gachibowli in After this travelling or commuting to my workplace actually became much easier. Many apartments are coming up in the vicinity with decent amenities. The rents for 3-BHK are in the range Rs 25, 000 to Rs 35, 000. The maintenance in the apartment comes to Rs 4,300.There is a direct gas pipeline. Several conveniences available in the area made us choose to live here. Many ATMs are close by, shopping facilities and parlour all are accessible. Petrol pump is nearby. We have good security and other amenities in the area, adds Bhagat. gachibowli-a-preferred-realty-destination/77421.html

7 P A G E 7 Hyderabad Realty News Value Labs plans Rs 200-crore SEZ in Hyderabad Source: Business Standard SEZ to be set up in two phases of 500,000 sft office space each, completion within 5 years. ValueLabs, a Hyderabad-based business technology solutions provider, is in the process of setting up a special economic zone (SEZ) at Kokapet on the city outskirts with an investment of around Rs 200 crore to funded through internal accruals, according to Ram Manjeri, senior vice-president (sales and marketing). We have already acquired seven acre of private land. TheSEZ will be developed in two phases with each phase comprising 500,000 sft of office space, and will be completed within the next five years, he told Business Standard. The SEZ is part of ValueLabs plans to step up its focus on newer business areas and almost treble its headcount to 10,000 in the next three to four years. At present, the debt-free company has one own campus and two leased facilities in Hyderabad, with a seating capacity of 4,500, besides a 200-seater facility in Chennai and one centre in Kuala Lumpur housing close to 100 professional. Plans are afoot to open a 100-seater facility in Bangalore, which should be up and running by the end of this financial year, Manjeri said. Stating that ValueLabs was morphing from a services-driven firm into a solutions-led company, he said it had identified seven areas digital, healthcare, infrastructure services, quality assurance, business application services (BAS), marketing opps and banking where it was investing big time in terms of people. Instead of going and acquiring companies, we are acquiring teams. The new teams for each of these seven proposed business units will join us this year and we will be ready to go to the market from next year, he said. While the US contributes close to 65 per cent to the privately-held company s revenues, Asia- Pacific, Europe and West Asia account for 10 per cent, 20 per cent and around four per cent respectively. To a query on whether the company has any plans to go in for an initial public offering (IPO), Manjeri replied in the negative. "We have been growing at a reasonable year-on-year growth of 25 per cent. If we execute well on our strategy, we could treble our revenue run rate in the next three years," he said. According to him, India, a progressive market in terms of adopting new technologies, is also one geography that ValueLabs is planning to look at. We will start using an outcome-based pricing model in India once our solutions mature, Manjeri added _1.html

8 P A G E 8 Hyderabad's realty outlook positive: Cushman & Wakefield Source: Business Standard Says capital value appreciation was 14% in mid segment and 16% in high-end segment over last 3 years. Global real estate consultants, Cushman & Wakefield (C&W), stated that Hyderabad had witnessed capital value appreciation of 14 per cent in the mid-segment and 16 per cent in the high-end segment over the last three years. Hyderabad ranked last among the top seven cities in the country in terms of capital value appreciation, primarily due to subdued demand for residential units given the political uncertainty in the state during the last few years. However, considering that this uncertainty is now over with the formation of two separate states, the overall city outlook remains positive, C & W stated in its latest report. In the high-end segment, according to the report, locations such as Himayathnagar, West & East Marredpally and Jubilee Hills witnessed highest capital value appreciation in the range of per cent since Locations such as Madhapur-Gachibowli and Miyapur- Nizampet witnessed healthy capital value appreciation of 31 per cent and 25 per cent respectively in the mid-segment over the last three years. Continued demand from IT-ITeS professionals and improving physical and social infrastructure resulted in majority of the residential real estate activity being concentrated in these north-western locations, the report stated. Hyderabad is India s 2nd Largest Software Exporter city Source: Telangana News Info Good news for Telangana state. Hyderabad gained 2 places and beat Chennai and Pune to emerge as the second largest software exporter in the country. Bangalore topped the chart with 31% of country s exports while Hyderabad is a distant second with 12%. Telangana IT minister KTR, talking to newsmen, said that city-wise Hyderabad is 2nd after Bangalore in the country. State-wise, he said, Telangana is in 4th position. He said while the State s growth is over 14% and above the national average, the State is now planning to give a push for developing Tier-2 cities like Warangal and Karimnagar as prospective IT destinations. He said he will work with NASSCOM on developing Tier-2 cities. He said many IT companies showed interest to start BPOs and Call Centers in Tier-2 and Tier-3 cities and he assured full support in terms of infrastructure.

9 P A G E 9 Pratt & Whitney engine training centre in Hyderabad by mid Source: Economic Times HYDERABAD: Jet engine maker Pratt & Whitney today conducted ground breaking of its customer training centre here, expected to be operational by mid This is its third such facility in the world, where aircraft engineers and technicians from the company's customers will be trained on current and new engine models. Initially, training would be provided on V2500 and PW1100G-JM engines, with scope for adding other Pratt & Whitney engines flying in the region and other models from the Pure Power Geared Turbofan engine family, officials of Pratt & Whitney, a unit of New York Stock Exchange-listed United Technologies Corp, said here. The facility, housed in United Technologies Corporation India Private Limited (UTC India), will include specialized trainings such as general familiarisation, line & base maintenance and bore scope inspection. It will have a capacity of 5,000 student days per year, which would gradually increase to 9,000 student days per year. "Pratt & Whitney recognizes India's potential as a major aviation hub. The Hyderabad centre will make world-class aerospace training available in India," said Bruce Hall, General Manager - Customer Training, Pratt & Whitney. "The specialized training at this facility will train engineers from airlines in India and abroad," he said. On the occasion, Palash Roy Chowdhury, Country Manager - Pratt & Whitney, UTC India, said, "This customer training facility marks a major milestone for Pratt & Whitney. We will continue to invest in talent and infrastructure to support the industry's growth here." The company said at present, a large fleet of aircraft in India use engines made by Pratt & Whitney and IAE International Aero Engines AG (a consortium in which Pratt & Whitney is a majority shareholder). It said it would also supply the Pure Power Geared Turbofan engines for Airbus and Embraer aircraft ordered by GoAir, IndiGo and Air Costa. "The GTF engines deliver double-digit improvements in fuel burn, noise and emissions with the highest level of maturity of the new generation of advanced commercial engines being developed in the industry," it said. promised to bring a single window system to give all clearances for real estate projects. "We will introduce a bill in the next session of the assembly," he added.

10 P A G E 10 India Realty News Hines to invest Rs 1,500 cr in Indian housing projects Source: Track 2 Realty US-based realty firm Hines has announced a tie-up with a global fund to invest US$ 250 million (over Rs 1,500 crore) in various housing projects in India. Hines has formed a joint venture firm, Hines India Residential, with an international finance company, with the aim to tap the huge demand for mid-income homes. The JV will invest in the form of an equity in the housing projects, in Delhi-NCR, Mumbai, Bangalore and Pune. They are looking at doing three to five projects over the next two or three years. The first housing project is likely to be announced in January-March quarter and investment in a single project could be in the range of Rs crore. The realty firm entered the Indian real estate market in 2006 and has completed construction of three commercial buildings, with 1.5 million sq ft of area, in Gurgaon. Hines has completed a commercial building in a joint venture with DLF in Gurgaon, on one million sq ft area. Hines is also developing another commercial project Skyview Corporate Park, in phases, on a 21 acre site owned by Shyam Telecom. In the first phase, Hines completed 0.5 million sq ft. Another 1.5 million sq ft will come up in later phases of the project. Office space leasing up 31% in Jul-Sep at about 8 mn sq ft Source: Economic Times NEW DELHI: Office space absorption rose 31 per cent in the country's seven major cities during the July-September period at about 8 million sq ft on higher demand from corporate looking for expansion, property consultant CBRE said today. Absorption of office space stood at around 6 million sq ft during the same period last year in the seven major cities of the country - Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Pune. "Positive market sentiments and a gradual global as well as domestic macro-economic recovery may finally be signaling the beginning of a revival in India's corporate real estate segment," CBRE South Asia Pvt Ltd Chairman and Managing Director Anshuman Magazine said in a statement. Continued. 10

11 P A G E 11 from page 10 "Various corporate firms, who had put their office space consolidation and expansion plans on hold over the previous couple of fiscals, finally began their transaction processes; and many concluded the same during the penultimate quarter of 2014," he added. The consultant noted that the third quarter of 2014 saw stable, yet significant demand for office spaces on a quarter-on-quarter basis across the leading urban centers, clocking a total absorption of about 8 million sq ft. "On an annual basis, investment-grade office space take-up also rose by around 31 per cent," CBRE said. New grade A office space addition, meanwhile, fell by about 3 per cent q-o-q across key cities, to stand at about 6.7 million sq ft, helping to balance out the supply/demand dynamics in these seven cities. With the expected increase in India's GDP growth, the commercial real estate market is likely to witness accelerated activity in forthcoming months. "Rental values for commercial office space remained stable for the most part across cities such as Delhi NCR, Bangalore, Pune and Kolkata; while appreciating across select micro-markets of Chennai and Hyderabad," CBRE said. Sustained occupier interest in prominent SEZ developments of Chennai led to rental rates rising in the range of per cent during the quarter. Similar demand trends also led to rental appreciation in select developments along the IT corridor in Hyderabad. However, subdued demand and existing vacancy pressures caused values to dip by 2-3 per cent q-o-q in Mumbai's Nariman Point and Bandra-Kundra Complex. In NCR, the rentals maintained their equilibrium over the previous quarters in most prominent office developments in the Central Business District (CBD) of Connaught Place. Similar trends were noticed across commercial office as well as IT/SEZ segments of Gurgaon and Noida. "Going forward, rentals are likely to remain stable across most markets due to a significant pipeline of under construction projects," CBRE said. 11

From spellbinding architecture to tailor-made services, Halcyon resembles a five star home making its residents feel proud of owning it. www.halcyonphoenix.

12 P A G E 12 Phoenix s other residential Projects. Halcyon, Hyderabad Halcyon is for the hi-end customer and the connoisseur. It is upscale living packaged with ultra premium luxuries and comforts. Halcyon is located in Jubilee Hills, Hyderabad. From spellbinding architecture to tailor-made services, Halcyon resembles a five star home making its residents feel proud of owning it. The Village, Chennai The Village with 80% greens in OMR, Chennai creates a lasting impact on its residents. The holistically planned gated community has an array of home choices giving you an instant access to a luxurious lifestyle that you aspire for. Quality, affordability and natural green living.

P A G E 13 Golf Edge Links: Website: http://golfedge.in/ Brochure: http://www.golfedge.in/images/golfedge_brochure.rar Floor Plans: http://www.golfedge.in/images/floorplans.rar Site Plan: http://www.

13 P A G E 13 Golf Edge Links: Website: Brochure: Floor Plans: Site Plan: Application: Walk-Through: Facebook: CONTACT DETAILS: Director Satish Chukkapalli satish@phoenixindia.net Sales team sales@golfedge.in 13

Investor Presentation

Investor Presentation ICR XChange January 17, 2008 Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements. Forward-looking statements relate to expectations,