Global and Local Investors and Developers in Indian Real Estate

Global and LocalInvestors and Developersin Indian Real Estate

WelcomeThe job of Discussion Chairs at the GRI is not to talk.It is to make others talk, engage and connect.On 3-4 October in New Delhi the GRI will bring together the internationaland Indian investors and developers active in India for a series ofinformal, real-estate related discussions.Ashleigh McMillanLike other GRI meetings, there will be no speakers or panels, just relaxedconversations in intimate groups where all take part.GRI meetings are not volume driven and cater to the most senior players only.If connecting with fellow industry luminaries could be useful, we would bedelighted to welcome you.See you in New Delhi.Henri AlsterAshleigh McMillanDirector, India GRIGRI - Global Real Estate InstituteHenri AlsterPresident, American European Investment Bankers, Inc.Chairman, GRI - Global Real Estate InstituteSaurabh JainDeutsche BankSurendra HiranandaniHiranandani DevelopersKG KrishnamurthyHDFCDennis LopezCambridge PlaceSantosh MartinDivyaSreeJai MavaniKPMGThomas McDonaldEquityShekar NarasimhanBeekman Helix IndiaSameer NayarCredit Suisse

HYPO CLUBclubFor those who think theopportunity to schedulepersonal meetings with somany of the industry’s bestand brightest is too goodto pass up.Schedule yourappointments early...TIMETABLEWednesday October 3█ 12h00 - onwardsRegistration█ 14h00 - 15h15Plenary Talk Show█ 15h30 - 18h30Group discussions█ 18h30 - 19h30Welcome Drinks█ 19h30 - 22h00GRI Board DinnerBy invitation only - reserved for GRI India Sponsors,Discussion (co-)Chairs and attending GRI Members.Thursday October 4█ 08h45 - 09h45Keynote█ 10h15 - 16h00Group discussions█ 16h00 - 17h00Farewell drinksDRESS CODE - Business CasualAll material throughout this brochureis subject to change without notice.Tuhin ParikhBlackstoneRussell PlattForumAnuj PuriJLLMAshish RahejaK. Raheja UniversalNeel RahejaK. Raheja CorpKurt RoeloffsRREEFSunil RohokaleICICI BankKarthik SarmaInfinite IndiaSushil Kumar SayalAlpha G: corp

DiscussionsINVESTMENTSIN INDIAwhat doesit taketo succeed?Michael Cassidypresident 2005-7LONDON CHAMBER OFCOMMERCEEsteban de Lopefund managerDEKA IMMOBILIEN INVESTMENTSG Prabhakharanvice chairmanXS REAL PROPERTIESMichael CassidyEsteban de LopeSG PrabhakharanNicholas St Johnstonhead commercial propertyHONGKONG LANDShreeharsha Vasant Phenemanaging directorHYPO REAL ESTATEINTERNATIONALNicholas St JohnstonShreeharsha Vasant PheneNospeakers.INVESTORS EXITSTRATEGYwho will buy?Ravi HansotydirectorCITI PROPERTY INVESTORSThomas ArasipresidentPORTMAN HOLDINGSBalaji Raomanaging directorSTARWOOD CAPITAL INDIANitesh Shettymanaging directorNITESH ESTATESRavi Hansoty Thomas Arasi Balaji RaoMichael Solimeneglobal investor strategyTRIKONA CAPITALS Sundareswaranassociate vpKOTAK MAHINDRA CAPITALNitesh ShettyMichael SolimeneINFRASTRUCTUREbiggestopportunityof them all?Koganti Srinathvice presidentTRIKONA CAPITALRajarshi Dattasenior vpBRIDGE CAPITAL REALTYMridul MehtadirectorN M ROTHSCHILDKoganti Srinath Rajarshi Datta Sushil Kumar SayalSushil Kumar SayalceoAlpha G:Corp

DiscussionsSTARTINGNEW CITIESFROM SCRATCHcan the oldcompete?Amit SanghidirectorSANGHI MEGAPOLISRajesh AuroraceoArora & Associates RealtyKuldip ChawllacooUNITECHBrian GarrisonpresidentFOREST CITY INTERNATIONALSunil MantrichairmanMANTRI GROUPRajesh AuroraKuldip ChawllaBrian GarrisonSunil MantriFINDING LOCALPARTNERSluck of the drawor winningformula?Amit Thawaniassociate directorKPMG INDIARajesh Agarwalhead global re indiaAIGJacob Ben-MoshÉvp business developmentAFRICA ISRAEL INVESTMENTSRohit Geraexecutive directorGERA DEVELOPMENTSAnoop GuptafounderCONCEPT MANAGEMENTCONSULTINGAmit Thawani Rajesh Agarwal Jacob Ben-MoshéAlex HayimdirectorREIT PROPERTY MANAGEMENTINDIAAnil Kumarvp finance & companysecretaryBRIGADE ENTERPRISESAnthony Messinavice presidentCADIMShakti NathchairmanLOGIX PARKRupen Patelmanaging directorPATEL ENGINEERINGSandeep RunwaldirectorRUNWAL GROUPApurva SalarpuriadirectorSALARPURIA GROUPRohit GeraAnthony MessinaAnoop GuptaShakti NathAlex HayimApurva Salarpuria

DiscussionsJustcollegialdiscussionswhere allparticipateequally.JOINT VENTURESIN INDIAwhat structureswork best?Jai Mavaniexecutive directorKPMG INDIAArvind BajajprincipalPTARMIGAN CAPITALAmit Bhagathead property servicesICICI HOME FINANCEChanakya Chakravartifund managerACTISNischal Joshipurasenior associateNISHITH DESAIHari KrishnacioKOTAK REALTY FUNDP Ravindra Paimanaging directorCENTURY GROUPJimmy Parakhgroup directorSHAPOORJI PALLONJISimon ReidchairmanANGLO INDIAN GROUPKishore SaletorecfoTATA REALTY &INFRASTRUCTUREKeyur ShahcfoHDFC PROPERTY VENTURESAvnish Singhcountry head indiaGEHubert Viriotassistant vp acquisitionsIFA HOTELS & RESORTSJai Mavani Arvind Bajaj Chanakya ChakravartiHari Krishna P Ravindra Pai Simon ReidKeyur Shah Avnish Singh Hubert ViriotOFF THE SHELFHOMESmyth andrealityAnuj GuptaceoSOUTH ASIAN REAL ESTATERajeev Guptamanaging directorCARLYLE INDIA ADVISORSRajesh Sehgalsenior executive directorTEMPLETON ASSETMANAGEMENTAnuj GuptaRajeev Gupta

DiscussionsRESIDENTIALREAL ESTATEis luxurythe real future?Sujal Shroffmanaging directorVANGUARD REALTYHardeep DayalceoKOLTE PATIL DEVELOPERSAmit Mathurvice presidentKOTAK REALTY FUNDSujal ShroffHardeep DayalAshish RahejaAshish Rahejamanaging directorK. RAHEJA UNIVERSAL PVT. LTDKarthik Sarmamanaging partnerINFINITE INDIA INVESTMENTMANAGEMENTNick SmithceoTHE WAVE MUSCATKarthik SarmaNick SmithSamuel TungThe jobSamuel TungdirectorBLINK INVESTMENTSof thediscussionchairs isto makeeverybodytalk...BIG CITIES vsTOWNSHIPSbuy bigor build small?Kartik MehtadirectorGROUP KAJIVAShobhit AgarwalpresidentJONES LANG LASALLEMEGHRAJSanjay Chandramanaging directorUNITECHSanjay ChandraSatish MagarRahul RaiSatish MagarchairmanMAGARPATTA TOWNSHIPShrikant ParanjapechairmanPARANJAPE SCHEMESRahul RaiprincipalSUN APOLLO REChris Rodevp internationaldevelopment strategyTRIKONA CAPITAL

DiscussionsHOSPITALITYhow bigan opportunity?Vimal Singhmanaging directorGOLDEN TULIP HOTELS &RESORTSUttam Davéhead developmentACCOR HOTELSNamid Mangaljiexecutive vpWESTMONT HOSPITALITY GROUPVimal SinghUttam DavéRyan PrinceJonathan Petitexecutive directorCATALYST CAPITALRyan Princevice chairmanREALSTAR INTERNATIONALSachin Shahmanaging principalSAMSARA CAPITALSachin ShahRajiv SharmaManav ThadaniRajiv Sharmadirector developmentINTERCONTINENTAL HOTELSGROUPManav Thadanimanaging directorHVS INTERNATIONALHOTELSwill supplykeep pacewith demand?Rajesh Punjabivp developmentHILTON HOTELSRohan GopaldasmanagerTAJ HOTELS, RESORTSAND PALACESRocky Isranidirector india investmentsPACIFICA COMPANIESRajesh PunjabiRocky IsraniPiaras Moriartyvice presidentIFA HOTELS & RESORTSG Narsimhanmd south asiaSIX SENSES HOTELS & RESORTSVijay Singhmanaging directorVCI HOSPITALITYPiaras MoriartyRavi VaswaniVijay ThackerdirectorHORWATH INDIARavi Vaswanihead business developmentINDIA BLUE MOUNTAIN

DiscussionsREDEVELOPMENTIN INDIAcan youget it done?Dr Archana Hingoraniexecutive directorIL&FS INVESTMENT MANAGERSShahid Balwamanaging directorDYNAMIX BALWAS GROUPVimal Shahmanaging directorAKRUTI NIRMANAjay VaziranipartnerHARIANI & CODr Archana HingoraniShahid BalwaVimal ShahAjay Vazirani...helpingeveryoneshare,connectand makeDEVELOPINGIN INDIAare thereenough projectsin the pipeline?MK Sinhapresident & ceoIDFCSteve Sudhir Chainanimanaging directorTRISTAR PARTNERSAkshaya Kumarmanaging directorPARK LANE PROPERTYADVISORSAnuj Malikbusiness development advisorARCH CAPITAL MANAGEMENTMK SinhaSteve Sudhir Chainanifriends...Nayan ShahceoMAYFAIR HOUSINGAnuj MalikNayan ShahSPECIALECONOMIC ZONESwhat works,what doesn’t?Gian BansalceoUPPAL GROUPRohit Raj ModidirectorASHIANA HOMESGian BansalRohit Raj Modi

DiscussionsRETAILis overbuildingpossible?Anuj Purichairman & country headJONES LANG LASALLEMEGHRAJShishir BaijalceoKSHITIJ INVESTMENT ADVISORYMartyn ChasechairmanDONALDSONSAnuj PuriShishir BaijalMartyn ChaseStaf Lendersproperty & establishmentmanager indiaIKEA INDIASubodh RunwaldirectorRUNWAL GROUPAshesh ShahdirectorTRIKONA CAPITALStaf LendersAshesh ShahAmit SrivastavaAmit SrivastavaconsultantTAUBMAN ASIAREAL ESTATEFINANCINGare theofferingsadequate?Sunil Rohokalehead mortgages & reICICI BANKJairaj Aminmd emeiHYPO REAL ESTATE BANKINTERNATIONALPankaj Bajajmanaging directorELDECO INFRASTRUCTURE& PROPERTIESMR Jaishankarmanaging directorBRIGADE ENTERPRISESHrushikesh Karvp asset management reJP MORGANSunil RohokaleJairaj AminPankaj BajajGeorge Mathewhead re banking practiceEDELWEISS CAPITALMR JaishankarIshan SinghBryan SouthergillBirju ShahdirectorDEUTSCHE BANKIshan Singhmanaging directorRE VENTURE FUND ADVISORSAll material throughoutthis brochure is subjectto change without notice.Ongoing updates atwww.globalrealestate.orgBryan Southergillvice presidentMORGAN STANLEY

DiscussionsSTRUCTUREDFUNDINGis India ready?Tarik Dahirvp corporate fundingIFA HOTELS & RESORTSNithya EaswarandirectorCITI PROPERTY INVESTORSMohan Menonmanaging directorAAREAL BANK GROUPTarik DahirNithya EaswaranHarin Thakerceo europe,middle east & indiaHYPO REAL ESTATE BANKINTERNATIONALMohan MenonHarin Thaker...as if anafter-dinnerconversationin one’sDEBT FINANCINGis there a lackof liquidity?Sameer Nayarmanaging directorCREDIT SUISSESourav Goswamimanaging directorWALTON STREET CAPITALNeel Rahejachairman & ceoK RAHEJA CORPSandeep Singhvp capital markets groupCUSHMAN & WAKEFIELDSameer NayarSourav Goswamiown livingroom.Neel RahejaSandeep SinghDEBT/EQUITYFINANCINGbright future forpublic markets?David CohenchairmanREIT PROPERTYMANAGEMENT INDIARak Chughco founder & mdTRIKONA CAPITALSaurabh Jainvice presidentDEUTSCHE BANKDavid CohenRak ChughSaurabh JainRohan NarseceoINDIAN OCEAN VENTURESMahesh PrabhudirectorCENTURY GROUPSanjay Sachdevhead indiaSHINSEI BANKRohan NarseMahesh PrabhuSanjay Sachdev

DiscussionsFDI IN INDIANREAL ESTATEwhy are dealsNOT gettingdone?Ankur Srivastavamanaging directorDTZShais Khanmanaging directorMEZZ CAPCol. Ravinder Singh Sodhimanaging directorALPHA G: CORPAnkur SrivastavaCol. Ravinder Singh SodhiFUNDINGOPTIONSis offshorebetter?Kedar Nath GuptacfoSUNCITY PROJECTSManish AgarwaldirectorBLUESTONE QUANTUM GROUPKarl-Erbo Kageneckmanaging directorJARGONNANT PARTNERSLuv Shahvice presidentDEUTSCHE ASSETMANAGEMENT INDIAKedar Nath Gupta Manish Agarwal Karl-Erbo KageneckLEVERAGEDRETURNSmyth orreal(i)ty?S SriniwasanceoKOTAK REALTY FUNDJonathan Allenceo asia pacificPRUPIM SINGAPOREAditya Bhargavasenior vpTRIKONA CAPITALYesh Nadkarnihead re investmentmanagementPRUDENTIAL ICICIS SriniwasanJonathan AllenAditya BhargavaLata PillaidirectorDEUTSCHE BANKRajiv Sabharwalsenior general managerICICI BANKYesh NadkarniRajiv Sabharwal

DiscussionsPRIVATEEQUITYare thechallengesgreaterthan theopportunities?Nimesh Grovervice presidentCITI PROPERTY INVESTORSGautam AhujadirectorAHUJA GROUPSR Arunsenior partnerALMT LEGALSanjay BansalpartnerAMBIT CORPORATE FINANCEGautam AhujaSR ArunSanjay BansalHarkirat Singh BedichairmanIDEB PROJECTSAnkur Dalwanihead re & infrastructureDSP MERRILL LYNCHHarkirat Singh BediAnkur DalwaniDevin MurphyDevin Murphymanaging directorDEUTSCHE BANKCharles Pursemanaging principalPARK HILLREAL ESTATE GROUPNakshatra Roydirector corporate operationsTRUE VALUE HOMES INDIANakshatra RoyOutlook &Opportunitiesfor 2008what’s ahead?GHADA SOUSOUceoARMSTRONG SOUSOUATUL CHORDIAmanaging directorPANCHSHIL REALTYSURENDRA HIRANANDANImanaging directorHIRANANDANI DEVELOPERSGhada SousouAtul ChordiaSurendra HiranandaniTV MANJUNATHexecutive director operationsMANTRI DEVELOPERSNARESH NAIKvice presidentLEHMAN BROTHERSSUSH TORGALKARmanaging principalWESTBROOKTv ManjunathPranay VakilPRANAY VAKILchairmanKNIGHT FRANK INDIA

DiscussionsPRIVATE EQUITYwhat’s leftto invest in?Vikas Chimakurthysenior vpKOTAK MAHINDRA CAPITALPrakash KalothiadirectorSUN GROUPDennis Lopezglobal head reCAMBRIDGE PLACEPrakash KalothiaDennis LopezSundaram Rajagopalsenior vpLEHMAN BROTHERSBhaskar Rajuexecutive directorDIVYASREERamesh SankacfoDLFBhaskar RajuSanjay VermaSanjay Vermaexecutive md south asiaCUSHMAN & WAKEFIELDPURE EQUITYwill realitydisappointexpectations?Ambar MaheshwaridirectorDTZAashish Kalraco founder & mdTRIKONA CAPITALKG KrishnamurthyceoHDFC PROPERTY VENTURESAmbar MaheshwariAashish KalraKG KrishnamurthyThomas McDonaldchief strategic officerEQUITY INTERNATIONALArvind Pahwamanaging directorJP MORGANKurt Roeloffsceo asia pacificRREEFThomas McDonaldArvind PahwaKurt RoeloffsDavid Schaeferhead asia pacificCITI PROPERTY INVESTORSAll material throughoutthis brochure is subjectto change without notice.Ongoing updates atwww.globalrealestate.orgDavid Schaefer

DiscussionsREGULATORYcan youovercome?Suchinto Chatterjifounder partnerILF ADVOCATESAjit KrishnanpartnerERNST & YOUNGJens-Christian Ludwigmanaging directorRICKMERS IMMOBILIENMANAGEMENTMujib MundewadidirectorCARVAL INVESTORSAjit KrishnanGREENREAL ESTATEIN EMERGINGECONOMIESis greenreally green?Kamal MeattleceoPAHARPUR BUSINESS CENTREBadal Bagricountry director salesGEZubin Iranimanaging directorCARRIER AIRCONDITIONINGVincent LottefierceoJONES LANG LASALLE MEGHRAJAmber Malhotrasenior vpWALTON STREET CAPITALKamal MeattleBadal BagriZubin IraniVincent LottefierBUILDINGSIGNIFICANTPUBLIC & PRIVATERE COMPANIESthe USexperienceShekar NarasimhanceoBEEKMAN HELIX INDIAJohn Akridge IIIchairmanAKRIDGERichard CampochairmanCAMDEN PROPERTY TRUSTDeepak Isranisenior vpPACIFICA COMPANIESShekar Narasimhan Richard Campo Deepak Israni

DiscussionsVALUATIONSdo existingmodels work?pankaj jajusenior vpenam financialconsultantsTuhin Parikhmanaging director reBLACKSTONE INDIALaurent-Darius SalimpourceoCUKIERMAN & COPankaj JajuTuhin ParikhLaurent-Darius SalimpourREAL ESTATETECHNOLOGYAND BUSINESSPROCESSESis there a bestpractice?Rohan Bulchandaniexecutive directorANNET TECHNOLOGIESAlok Aggarwaljoint mdKWALITY DEVELOPERSLokesh ChughdirectorBYTE CONSULTINGRohan BulchandaniAlok AggarwalTom Scottsenior vpZENTATom ScottINDIANPROPERTYTITLESa legalminefield?Joel Pecksenior vpLANDAMERICAFINANCIAL GROUPSorabh JainprincipalSUN APOLLO REChandra Patelmanaging directorANTARCTICA INDIA REAL ESTATERitesh Vohradirector investmentsSAFFRON ASSET ADVISORSJoel PeckSorabh JainThe GRI invites senior industry playersthat might find it useful to Chair a discussionat the US Global GRI, New York, January 2008the Middle East GRI, Dubai, March 2008or any forthcoming GRI Meeting to contact:Ashleigh McMillanT: +44 (0)20 8445 6836ashleigh.mcmillan@globalrealestate.orgRitesh VohraHenri Alsterhenri.alster@globalrealestate.org

PARTNERSCorporatePartnersHypo Real Estate Group is one of Europe’s leading internationalreal estate lending institutions and has a network presence inall major markets in Europe, the US and Asia including London,Paris, Munich, New York, Hong Kong, Tokyo as well as mostrecently Mumbai and Singapore.We are a provider of debt financing solutions ranging fromsenior investment and development loans to structured finance,Mezzanine and Bridge loans. Our aim is to provide our customerswith creative and flexible financing solutions through shortdecision paths, even for the most complex transactions.We offer a wide range of capabilities including syndicationand securitisation and dedicated real estate investmentbanking expertise.Additionally, we offer expertise in Public Finance and CapitalMarkets products e.g. asset based finance and infrastructurefinance.Hypo Real Estate Group is persistently seizing opportunities ininternational financing with our strong focus on cross borderbusiness development of new and innovative financingsolutions and expansion into new geographical markets.Frank LambyTel: +49. 89 2880 14000frank.lamby@hyporealestate.deHarin ThakerTel: +44. 20 7743 7600harin.thaker@hypointernational.comShreeharsha Vasant PheneTel: +91.22 2499 9920sv.phene@hypointernational.comTrikona Capital is a leading real estate fund managementfirm that combines extensive experience in portfolio andrisk management with one of the largest balance sheetsfocused on the Indian real estate markets.Trikona’s teamof experienced professionals in India along with strongU.S.-based governance and investor reporting standardssets it apart from other firms. Partnerships with leadingreal estate companies in each of India’s high growth areasform the basis of Trikona’s unique investment model.The firm manages Trinity Capital PLC, the Indian propertyfund established to invest in real estate and real estaterelated entities across India, with a focus on the office, retail,hospitality and residential sectors. Since listing on theLondon markets, Trinity has fully committed its funds tosome of India’s largest development projects, and has alsoformed partnerships with leading financial institutions andproperty developers, such as IL&FS Investment Managers,Keystone Group, and Dynamix-Balwas Group.Rak ChughTel +91. 11 2620 7240 or +1. 212 686 3077rchugh@trikonacapital.comAashish KalraTel +91. 11 2620 7240aashish@trikonacapital.com

PARTNERSSeniorPartnersCadim is a global investment manager that focuses on a wide rangeof real estate equity and financing products in association withprominent partners. Cadim distinguishes itself by its flexibility,creativity, ability to adapt to specific market needs and practicesdesigned to promote effective partnerships.Cadim had C$36.3 billion of total assets under management as atDecember 31, 2006.Richard DansereauTel +1. 514 673 1356rdansereau@cadim.comAnthony MessinaTel +1. 514 673 1370amessina@cadim.comDeutsche Bank is a leading global investment bank with a strongand profitable private clients franchise. A leader in Germany andEurope, the bank is continuously growing in North America, Asiaand key emerging markets. With over 500 professionals worldwide,Deutsche Bank’s Commercial Real Estate Group (“CRE”) is a globalleader in real estate financing and capital markets execution,having originated $52 billion in loans and lead or co-managedapproximately $75 billion of CMBS loans in 2006.IDEB group is one of India’s most reputed companies in thebusiness of infrastructure and property development.Mr H. S. Bedi, Managing Director of IDEB has ably steered thecompany into several sub-verticals such as infrastructure(highways, hotels, bridges, hydel power plants, steel plants, MetroRail and elevated structures), real estate (developing 8 million sft)and hospitality (800 keys across 9 locations).Infinite India is among largest dedicated real estate investmentfirms in India with plans to invest $400M primarily in residential,commercial and retail sectors. Infinite India currently has over20 million square feet under development through itsinvestments in tier 1 cities like Mumbai, Delhi, Chennai,Bangalore, Kolkatta and 3-4 emerging tier 2 cities.Saurabh JainTel +91. 22 6658 4877saurabh.j@db.comDurgesh Kumar MishraTel +91.9900570734durgesh@idebinc.comOan Ali ZahidTel +91.9845833772oanalizahid@idebinc.comKarthik R SarmaTel +91.22.6761 0500karthik.sarma@infiniteind.comKPMG International is a worldwide leading network of audit andadvisory services firms with approx. 113,000 employees in 147countries. KPMG in India serves over 2,000 international andnational clients through more than 2,200 employees spread overoffices in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kolkataand Pune. The firm has a strong real estate focus and providesaudit, tax and advisory services to investors, real estate fundsand developers.Jai MavaniTel + 91. 22 3983 5724jmavani@kpmg.comK. Raheja Universal founded in 1986 develops residential &commercial projects, IT parks & SEZs, Shopping Malls and Hotels. Thecompany has developed projects over 3 million sq. ft with ongoingprojects aggregating 10 million sq ft. and forthcoming projectsaggregating 20 million sq. ft. With a major presence in Mumbai,K. Raheja Universal is set to execute prime projects all across India.Suresh RahejaTel +91. 22 66414300Rahul RahejaTel +91. 22 66414239Ashish RahejaTel +91. 22 66414101slr@krahejauniversal.comrahul@krahejauniversal.comashish@krahejauniversal.comUppal Group is one of the India’s leading Real Estate Developerwith over two decades of experience and has completed over500 projects in Residential Apartments, Township and Office/ITbuildings. Currently, it is developing Projects with over 50 MillionSq.Ft. built up area including two notified Special Economic Zones& Townships. The Group has presence in hospitality with one 5Star Hotel in operation at Delhi and two more under constructionat Gurgoan & Chandigarh.Gian BansalTel +91. 98 104 47075bansalgian@gmail.com

PARTNERSPartnersAlpha G:Corp is among India’s finest real estate developers offeringsolutions in development with their asset management models thatassure the optimal utilization, delivery and maintenance of real estateassets. The company’s core team is widely acknowledged in the industryfor establishing new benchmarks by inducting global best practices thathave made Alpha G:Corp to be universally considered 100% FDI compliantin all their projects.Arunabh VarmaTel: +91. 11 43561148arunabh.varma@alphagcorp.comBeekman Helix India Partners LLC (“BHI”) is a real estate advisory andinvestment organization operating in India through its wholly ownedIndian subsidiary. BHI acts as agent, advisor and principal to its primaryclients who are developers and landowners on one hand and institutionalinvestors on the other.Manish Parwani Tel +91. 124 433 8501manish.parwani@beekmanhelixindia.comShekar Narasimhan Tel +1. 703 752 8321shekar.narasimhan@beekmanhelixindia.comDTZ is one of the world’s leading global real estate advisers, providinginnovative real estate, investment and business solutions worldwide.DTZ is a leading name in all the world’s major business centres, with 11,000people operating from 140 cities in 45 countries. Around the world, DTZprofessionals advise investors, major financial institutions, propertycompanies, banks, governments and other public sector organisations.Ankur SrivastavaTel +91. 80 4123 1600ankur.srivastava@dtz.comAmbar MaheshwariTel +91. 22 6676 1676ambar.maheshwari@dtz.comEquity International is a real estate private equity firm that invests inoperating companies outside of the United States. Co-founded in 1999by Sam Zell and Gary Garrabrant, Equity International is recognized as aleading international investor and partner of choice.Thomas J. McDonaldTel +1.312 466 3355tmcdonald@equityinternational.comForum Partners is a global real estate investment management firm withUSD 2 billion of capital under management. Forum Partners specializes ininvestments in leading and emerging listed and private real estate companies.Since its founding in 2002, Forum Partners has managed investments in 63companies in 20 countries in Asia, Europe and North America. Forum has over40 investment professionals based in offices in London, Singapore, HongKong, Stamford, Beijing, Seoul and Santa Fe, New MexicoRussell Platt Tel +1.505 955 7050russell.platt@forumpartners.comHVS, world leader in hospitality consulting, offers services inSouth Asia from its New Delhi office. Our services includeFeasibility Studies, Valuations and Management ContractNegotiations in addition to a hospitality and realty focusedExecutive Search practice.Manav ThadaniTel + 91. 124 461 6000mthadani@hvs.comJones Lang LaSalle Meghraj is the Indian operations of Jones Lang LaSalle’sAsia Pacific business. With offices across 10 leading Indian cities and a staffstrength in excess of 2800 employees, this is the premiere and largest realestate services company in India.Anuj PuriTel +91. 22 2494 1404anuj.puri@jllm.co.inVincent LottefierTel +91. 124 460 5188vincent.lottefier@jllm.co.inKnowledgePartnerCushman & Wakefield is the largest fully integrated real estate services firmin the world. Founded in 1917, it has 201 offices in 55 countries around theglobe and 12,000+ talented professionals. Cushman & Wakefield is involvedin every stage of the real estate process, from strategy to execution. The firmrepresents clients in buying, selling, financing, leasing, managing and valuingassets, and provides strategic planning and research, portfolio analysis, siteselection and space location services.Sanjay VermaTel +91. 124 4695555sanjay.verma@ap.cushwake.com

NE_cover.indd 1new_covers.indd 7new_covers.indd 416/4/07 10:33:26 am13/6/07 9:16:49 am12/6/07 2:21:58 pmUntitled-1 1Untitled-1 2new_covers.indd 530/5/07 2:07:13 pm11/5/07 3:11:25 pm12/6/07 2:22:15 pmGRI_WorldSummit07_AW.indd 112/6/07 2:22:30 pm23/4/07 2:35:55 pmthegria globalclub india GRINew Delhi 3-4 Oct 2007GRI middle eastchairmen’s retreatDubai 14-16 Nov 2007The GRI is a club of senior investors,developers, lenders and hotel companiesacross the world. it runs its activitiesthrough a series of annual meetingsfocused on different regions of the globe.If building close relationships with thedriving elite of the real estate industry atthe most senior levels can be useful,we welcome you to join us. New europe griIstanbul 26-27 Nov 2007 GRI europeChairmen’s retreatSt Moritz 17-20 Jan 2008new_covers.indd 6usa griNew York 28-29 Jan 2008 middle east GRIDubai March 2008Deutsche GRIFrankfurt 28-29 April 2008GRI WORLD summitLondon May 2008www.globalrealestate.orginfo@globalrealestate.orgTel +44.20 8445 6836china griBeijing 4 - 5 June 2008gri europe summitParis 15-16 Sept 2008russia griMoscow Sept 2008

OptionalAdditions(3) Project or Companyprofile page in program BookCompanies wishing to communicate whatthey do or showcase projects, can purchasean A4 page in the program book distributedat the India GRI. If interested pleaseget in touch with us.Ashleigh McMillanT: +44 (0)20 8445 6836ashleigh.mcmillan@globalrealestate.orgRupa PatelT: +44 (0)20 8445 6836rupa.patel@globalrealestate.orgInquiries and further information:www.globalrealestate.orginfo@globalrealestate.orgUK Tel: +44. 20 8445 6836UK Fax: +44. 20 8445 6633

REGISTRATIONplease fax to +44 20 8445 6633Mr/Mrs/Dr First Initials Last (III/Jr/...) Nick-/Badge NamepositionDirect telfax❑ INVESTOR❑ PENSION (Investor)❑ PROPERTY COMPANY (Developer)❑ INFRASTRUCTURE COMPANY❑ LENDER❑ HOTEL (Company)❑ INVESTMENT BANK❑ CORPORATE (User)❑ AGENT (Surveyor)❑ ADVISOR (Accountant/Tax)❑ LAWYER❑ A&E (Architect/Engineer)❑ TITLE (COMPANY)❑ GOVERNMENT (Officials)❑ ECONOMIC DEVELOPMENT❑ ACADEMIC (Think Tank)❑ MEDIA❑ TRADE (Group/Exhibit/Conference Organiser)❑ OTHER_________________■ PAYMENT DETAILS A receipt will be returned.Please tick❑ ❑ ❑ ❑ Visa Mastercard AmEx check (+$125)(1)Card NumberName on CardExpiryStreet AddressEmailcompanyassistant Tel emailAddressCity State Postcode CountryDivision’s web address (ex: www.company.ext/division...)SignatureCredit Card Billing address, if different from above (important, please provide)City State/County PostcodeReserve your space: Sign up for group discussions CURRENT TRENDS IN INDIAN REAL ESTATE- boom or a bubble? INDIAN REAL ESTATE - poetry or saga? INVESTMENTS IN INDIA - what does it take to succeed? INVESTORS EXIT STRATEGY - who will buy? INFRASTRUCTURE - biggest opportunity of them all? STARTING NEW CITIES FROM SCRATCH - can the old compete? FINDING LOCAL PARTNERS - luck of the draw or winning formula? JOINT VENTURES IN INDIA - what structures work best? OFF THE SHELF HOMES - myth and reality EVOLVING INDIA - what impact on real estate investments? THE DEVELOPER AND THE FUND - mismatch or match made in heaven? RESIDENTIAL REAL ESTATE - is luxury the real future? BIG CITIES VS TOWNSHIPS - buy big or build small? HOSPITALITY - how big an opportunity? HOTELS - will supply keep pace with demand? REDEVELOPMENT IN INDIA - can you get it done? DEVELOPING IN INDIA - are there enough projects in the pipeline? SPECIAL ECONOMIC ZONES - what works, what doesn’t? RETAIL - is overbuilding possible? REAL ESTATE FINANCING - are the offerings adequate? STRUCTURED FUNDING - is India ready? DEBT FINANCING - is there a lack of liquidity? DEBT/EQUITY FINANCING - bright future for public markets? FDI IN INDIAN REAL ESTATE - why are deals NOT getting done? FUNDING OPTIONS - is offshore better? LEVERAGED RETURNS - myth or real(i)ty? PRIVATE EQUITY - are the challenges greater than the opportunities? Outlook & Opportunities for 2008 - what’s ahead? PRIVATE EQUITY - what’s left to invest in? PURE EQUITY - will reality disappoint expectations? REGULATORY - can you overcome? GREEN REAL ESTATE IN EMERGING ECONOMIES - is green really green? BUILDING SIGNIFICANT PUBLIC & PRIVATE RE COMPANIES - the US experience VALUATIONS - do existing models work? REAL ESTATE TECHNOLOGY & BUSINESS PROCESSES - is there a best practice? INDIAN PROPERTY TITLES - a legal minefield?Sign-up for group discussionsGroup discussions run concurrently for 75 minutes each, in successive series of 6 to 7 at a time. Prior sign-up isrequired for participation, as there is limited seating capacity. While the GRI is committed to trying to satisfysign-up requests, it regrettably cannot guarantee availability. Please tick (✓).India GRI 07New Delhi Oct 3-4SingleNon MemberGroup (2)Non MemberDiscussion Chairor GRI MemberGRI Annual Individual Membership(optional)US$Until August 31After August 31 $2,975 $2,675 $3,075 $2,775(1) Fee for payment methods other than credit card $2,275 $2,375 $125Optional registration additions - see previous page(3) Project or Company profile page in program Book $4,850Regular $2,400Discussion co-Chair** $800** Membership for confirmed and Event Fees-paying Discussion (co-)Chairs only.Membership benefits include reduced rates at GRI events, prominent profiling in annual GRI Directory and more.

REGISTRATION notesAll material throughoutthis brochure is subjectto change without notice.Ongoing updates atwww.globalrealestate.orgindia gri 2007 New Delhi Oct 3-4The Taj Palace Hotel ***** 2 Sardar Patel Marg,Diplomatic Enclave, 110021 New Delhi, IndiaHOTEL VENUEPlease book directly with the venue. Lodging costs are not included in conference fees.The Taj Palace HotelReservations: Tel + 91. 11 26110202 Fax + 91. 11 26115055Email: palace.delhi@tajhotels.comAlternatively download hotel reservation from the GRI web sitewww.mygri.com/tajreservation.pdfand fax or email directly to the Taj Palace.VISA INFORMATIONPlease note that a visa is required to enter India for the event. A formal letter of confirmationcan be arranged to assist with the visa application upon request.Please contact info@globalrealestate.org for further details.BadgesDelegates must wear badges at all times.Admission will regrettably not be possible otherwise.Terms and conditionsPayment is required by return. Delegate fee must be paid in full priorto conference or admission is regrettably not possible.Confirmation will be sent on receipt of payment. If you have not received confirmationwithin 14 days of registration, please contact us to confirm your booking.Cancellation and transfer to colleagues must be in writing. Transfer to colleagues is possibleat any time. 90% refund will apply if cancellation notice is received by17 August 2007.We regret no refunds are possible for cancellations received thereafter.Onsite cash RegistrationsOnsite registrations paid in cash will be charged 10% more than the otherwiseapplicable fee.(1) CheckCheck and methods of payment other than credit cards incur an additional $125 charge.Pay “GRI”. Mail check and registration form to:GRI, 1379 High Road, London N20 9LP, UK(2) Group rateGroup rate is per person.Applies to groups of 3 or more participants.Need not be from the same company.Please note that registration fee reductions are not cumulative.I N D U S T R Y P A R T N E R28-30 November 2007 Hong KongW W W . M I P I M . C O MGroup rate - 3 or more, save $300 each[FOR DISCUSSION (CO-)CHAIRS AND MEMBERS ONLY:]Please email before August 24 to: rupa.patel@globalrealestate.orgPlease provide:1. COMPANY SPECIALTY - maximum 16 words:• Investors/lenders: criteria (type • where • amount range •existing vs development...)Example:“office, hotels, bulk sales • Germany, CEE, China • US$100-500million • existing or development • major metros only”Developers: product specialty (type • where • size range • existing v development...)• Other: describe speciality bullet point style2. COLOR PORTRAIT PHOTO: HIGH RESOLUTION .JPG3. LOGO: COLOR • B/W • INVERSE (.EPS FORMAT)4. PERSONAL BIOGRAPHY + DIVISION’S PROFILE- 100 words maximum total, in 1 or 2 languages [adjust pro-rata if otherlanguage takes less space (e.g. Mandarin - 2 to 1) or more].- Division’s profile: division’s specific activity (more relevant & usefulthan company’s overall)Ben_Westbeech_sample.indd 1 18/1/07 3:01:06 pmEarly registration - Save $100 prior to August 31GRI annual membershipjohn a Carrafiellglobal co-head real estatemorgan stanleysedipsum@aliquamma sa.comtel +00.0 000 00 0000Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Sedipsum. Quisque eleifend pe lentesque diam. Aliquam massa.Duis mi. In in magna id quam posuere congue. Mauris urnaeros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.Nullam semper elit vel risus. Cla s apten taciti sociosqu adlitora torquent per conubia nostra, per inceptos hymenaeos.Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sedcondimentum venenatis risus. Vestibulum velit nisi, placeratluctus, venenatis et, faucibus id, felis. Integer accumsan.Nu lam sed nunc. Morbi leo.INDIVIDUAL MEMBERSHIP• GRI Members as of December 31 are listed in the GRI Yearbook of thesubsequent year, published in March.• GRI Members benefit from reduced Member rates when registering to attendGRI Meetings.• Starting date of membership is the 1st day of the quarter in which registrationis made. It can be requested to start the next quarter.• Cancellation: Expiring memberships self-cancel automatically if notrenewed. There is no mid-year cancellation mechanism.• Complete list of membership benefits available on request.corporate MEMBERSHIP• Please contact Henri Alster, Chairman, GRI - henri.alster@globalrealestate.orginvestorphilip B. GaillarDinternational chairmanHro groupsedipsum@aliquamma sa.comtel +00.0 000 00 0000investorLorem ipsum dolor sit amet, consectetuer adipiscing elit. Sedipsum. Quisque eleifend pellentesque diam. Aliquam massa.Duis mi. In in magna id quam posuere congue. Mauris urnaeros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.Nullam semper elit vel risus. Cla s apten taciti sociosqu adlitora torquent per conubia nostra, per inceptos hymenaeos.Nu la facilisi. In nec elit. Fusce molestie purus et diam. Sedcondimentum venenatis risus. Vestibulum velit nisi, placeratluctus, venenatis et, faucibus id, felis. Integer a cumsan.Nullam sed nunc. Morbi leo.franÇois poCharDceoaew europesedipsum@aliquamma sa.comtel +00.0 000 00 0000investoroffice • hotels • bulk salesgermany • cee • chinaus$100 - 500 mi lionexisting or developmentmajor metros onlyLorem ipsum dolor sit amet, consectetuer adipiscing elit. Sedipsum. Quisque eleifend pe lentesque diam. Aliquam ma sa.Duis mi. In in magna id quam posuere congue. Mauris urnaeros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.Nu lam semper elit vel risus. Cla s apten taciti sociosqu adlitora torquent per conubia nostra, per inceptos hymenaeos.Nulla facilisi. In nec elit. Fusce molestie purus et diam. Sedcondimentum venenatis risus. Vestibulum velit nisi, placeratluctus, venenatis et, faucibus id, felis. Integer a cumsan.Nu lam sed nunc. Morbi leo.office • hotels • bulk salesgermany • cee • chinaus$100 - 500 millionexisting or developmentmajor metros onlyoffice • hotels • bulk salesgermany • cee • chinaus$100 - 500 mi lionexisting or developmentmajor metros onlyharin thakerpierre Cherkimanaging directorrreefsedipsum@aliquammassa.comtel +00.0 000 00 0000investorceo europeHypo real estate bank InternatIonalsedipsum@aliquamma sa.comtel +00.0 000 00 0000lenDerLorem ipsum dolor sit amet, consectetuer adipiscing elit. Sedipsum. Quisque eleifend pe lentesque diam. Aliquam ma sa.Duis mi. In in magna id quam posuere congue. Mauris urnaeros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.Nu lam semper elit vel risus. Cla s apten taciti sociosqu adlitora torquent per conubia nostra, per inceptos hymenaeos.Nu la facilisi. In nec elit. Fusce molestie purus et diam. Sedcondimentum venenatis risus. Vestibulum velit nisi, placeratluctus, venenatis et, faucibus id, felis. Integer a cumsan.Nu lam sed nunc. Morbi leo.office • hotels • bulk salesgermany • cee • chinaus$100 - 500 millionexisting or developmentmajor metros onlyLorem ipsum dolor sit amet, consectetuer adipiscing elit. Sedipsum. Quisque eleifend pellentesque diam. Aliquam massa.Duis mi. In in magna id quam posuere congue. Mauris urnaeros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.Nu lam semper elit vel risus. Class apten taciti sociosqu adlitora torquent per conubia nostra, per inceptos hymenaeos.Nu la facilisi. In nec elit. Fusce molestie purus et diam. Sedcondimentum venenatis risus. Vestibulum velit nisi, placeratluctus, venenatis et, faucibus id, felis. Integer a cumsan.Nu lam sed nunc. Morbi leo.BernD knoBloChchairman of the boardeuroHypo agsedipsum@aliquamma sa.comtel +00.0 000 00 0000lenDeroffice • hotels • bulk salesgermany • cee • chinaus$100 - 500 millionexisting or developmentmajor metros onlyLorem ipsum dolor sit amet, consectetuer adipiscing elit. Sedipsum. Quisque eleifend pe lentesque diam. Aliquam ma sa.Duis mi. In in magna id quam posuere congue. Mauris urnaeros, egestas feugiat, tempor vehicula, tincidunt ac, arcu.Nu lam semper elit vel risus. Class apten taciti sociosqu adlitora torquent per conubia nostra, per inceptos hymenaeos.Nu la facilisi. In nec elit. Fusce molestie purus et diam. Sedcondimentum venenatis risus. Vestibulum velit nisi, placeratluctus, venenatis et, faucibus id, felis. Integer a cumsan.Nu lam sed nunc. Morbi leo.office • hotels • bulk salesgermany • cee • chinaus$100 - 500 mi lionexisting or developmentmajor metros only

Corporate PartnersSenior PartnersPartnersKnowledge PartnerMedia & Industry Associates