Dear Purchaser,

As all of you are aware, the global financial crisis has impacted investment and economic activities throughout the world. Though we in India had believed that we would be isolated from this unprecedented crisis, it has been felt badly for almost a year and half. The slowdown of investment into the country from various quarters also affected the pace of development of townships, commercial and office space. Some of the developers virtually shutting down their project sites waiting for a turnaround of market scenario.

However, we in IJML continued to make progress on your dream township as we believe that providing value to customers is the path to our success in business. Though the pace had been slow for some period, we have progressed significantly during the last few months. Our aim is to start handing over of the units in Phase -1 development from 4th quarter of 2010. We are making all out efforts to achieve this objective.

In general, we have been able to make significant progress on construction of apartment blocks and these have taken shape with structural work nearing completion in some of the zones and block work and plastering closely following. We are also making progress on various infrastructure facilities such as electrical substation, water treatment, sewerage treatment plants, etc.

We will endeavor to stay in touch with our esteemed purchasers and share news of common interest and work progress of your dream home from time to time. Through this quarterly newsletter we would connect and stay in touch with you for the times to come.

We would like to thank you profoundly for your understanding, cooperation and support to move forward and complete a “Raintree Park Dwaraka Krishna" a landmark project in South India.

Yours Truly
Abdul Majeed
Head - Properties