Sobha : Real Estate Operations Update for the quarter ended September 30, 2017.

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SO B H A

PA S S I ON A T WOR K

October 06, 201 7 To

To

The Deputy Manager

Department of Corporate Services BSE Limited

PJ Towers, Dalal Street

M um bai -400 00 I

To

The Manager

The National Stock Exchange of I ndia Limited Exchange Plaza, Plot No C/ 1 , G Bl ock

Bandra Kurla Complex Mumbai - 400 051 Scrip Code : SOBHA

Dear Sir I Madam,

With reference to the above captioned subject, please find enclosed a statement contain ing an update on the real estate operations of the Company for the quarter ended September 30, 20 I 7.

We request you to kindly take the aforesaid information on record for dissemination through your website.

Thanking You. Yours sincerely,

FOR SO

VIGHNESHWAR C BHAT

COMPANY SECRETA RY AND COMP LI ANCE OFFICER

SOBHA LIMITED

REGO & CORPORATE OFFICE : SOBHA", SARJAPUR - MJRATHAHAI.LI OUTER RING ROAD,BELLANDUR POST, BANGALORE - 560103, INDIA CIN:L45201KA l99SPLC0 18475 J TEL : +91-80-49320000 I FAX :+9 180 49320444 j www.sobha.com

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SO B H A

A recent report from HSBC suggests that ndia is poised to become the third largest economy by 2028 . This shift is expected to take place at a much quicker pace in terms of Purchasing Power Parity (PPP). This will require consistent efforts from the Government towards introducing policy initiatives. n line with this, two major structural reforms - Real Estate (Regulation and Development) Act, 2016 (RERA) and Goods and Services Tax (GST) have become a reality.

Despite, a decline in the GDP at 5.7 % as compared to 7.1% last fiscal, these reforms are expected to help the real estate sector to unlock the potential of everyIndian, owning a home in the longer run. The economy is well supplemented by the inflation being brought under control and gradual decrease in the home loan interest rates. It is also expected that, organized players like SOBHA should be more benefited,as these reforms bring transparency and simplicity to the business.

Our operational performance for the second quarter needs to be viewed in the backdrop of an environment where both RERA and GST came into force. While it is believed that the sector did get impacted, SOBHA has shown not only a steady, but also an improved performance for the quarter as reflected in the numbers during the second quarter. The Company during the second quarter achieved new sales volume of 861,084 square feet total valued at 6,751 million with an average realisation of 7,840 per square feet (Sobha Share of sales value at 5,927 million with an average realisation of 6,883 per square feet). The sales volume and total sales value are up by 5.6% and 8.3% respectively as compared to preceding quarter. Also, sales volume is marginally higher and total sales value is up by

22.5% as compared to Q2- 17.

It is heartening to note that we continue to perform well in our principal market Bengaluru. This was supported adequately by an improved performance in the Kochi market followed with a consistent traction in other markets. Further,it is notable that we have achieved this without launching any new projects.

The summarized real estate performance for the quarter ended September 30, 2017 is given below:

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SO B H A

New Sales:

In Square Feet

(1Square Metre = 10.764 Square Feet)

Besides Bangalore, Kerala market includes Kochi, Calicut and Thrissur regions sales performance has shown improvement in volume. Sales volume up by 5.6% as compared to preceding quarter and marginally up by 0.6% Y-o-Y.

Sales Value:

Sales value (Sobha Share) up by 5.3% and 14.4% as compared to preceding quarter and Y-o-Y respectively.

The new sales value of { 5,927 million achieved during the second quarter of 2017-18 is highest in the past 10 quarters.

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SO B H A

Price Realisation:

Despite a challenging macro environment, we are confident of maintaining sales momentum in forth coming quarters.

Investor Contact Details:

Subhash Mohan Bhat Chief Financial Officer Mobile: +91 99801 99088

Email: subhas h.bhat@sobha . com

K. Bala Murugan

Senior Manager-Investor Relations Mobile: +91 98807 30459

Email: balamurugan. k@sobha.com

Disclaimer: The information in this update contains certain forward-looking statements. These include statements regarding outlook on future development schedules,business plans and expectations of capital expenditure. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company.