NAVANA REAL ESTATE LIMITED - Dhaka Stock Exchange

Issuer: Navana Real Estate LimitedIssue Manager: ICB Capital Management LimitedNREL within a short span of time turned out as one of the most trusted company in RealEstate sector and has been working in various numbers of apartments, commercial and landprojects. The motto of NREL is not only to deliver apartment or land ahead of schedule butalso to maintain the highest-grade construction quality that has gained trust and respect incustomers. Further NREL is pursuing the motto of becoming “different, dependable anddefinitive”.Nature of BusinessThe Company is engaged in purchasing land & developing the same for urban housing andselling to the people of different income group. The company also purchases high land forconstruction of multi-storied Apartment building, Shopping and Office spaces.Principal Products/ServicesPrincipal products are Apartment and Commercial spaces approximately cover more than90% of total revenue. We have also Housing project which will flourish significantly in nearfuture.Name of products/ServicesThe company produces different type of Apartment and commercial spaces in differentlocation of Dhaka and Chittagong city categorized like as Diamond, Gold, Silver and pearl.Projects Overview:NREL’s Apartment Portfolio statusProject StatusNumber ofprojects in2009-10Total No.ofProjectsSquare feetof built-upareaSquare feetof saleableareaHanded Over Projects 17 59 21,12,791 14,10,704Ongoing Projects - 67 31,43,020 20,37,902Upcoming Projects - 75 8256383 51,54,524Handed Over Projects: During the accounting year 2009-10, NREL handed over total 17projects to their client located at different areas like Gulshan, Banani, Dhanmondi, NewDOHS, Dhanmondi, Niketan, and Uttara. As a result, from incorporation, total handed overprojects of the Company reached 59. Average time needed to complete and hand over aproject since inception is 2 to 3 years. NREL had no significant delay in projects handover tocustomers except some isolated events.Name & Description of the Handover Project:Name of Apartmentprojects:Location Handover Name of Apartmentprojects:LocationHandoverBailey Star Baily Road July-2009 Dianthus Uttara March-2009Chateau De Husains Gulshan March-2010 Gloria Niketon Nov-2007Southern Wood Dhanmondi Jan-2010 Paradise Uttara March-2006Lake Shiri Garden Uttara August-2009 Raza Niloy Mirpur June-2007Villa Gulshan July-2001 Sea Jewel (Sagor) Uttara July-2010Suriya Imdad Garden Central Road July-2009 Carmem Skylana Uttara March-2009Tower Gulshan April-2004 Pride Uttara July-2004Kabir Garden Dhanmondi Jan-2006 Lake View Niketon April-2005Verdancy Eskaton Aug-2007 Cottage Banani July-2004Veneziane Dhanmondi Jan-2008 Sapphire Monami Banani Aug-2008Garden Kallyanpur April-2009 Condominium Segun Bagicha June-2006Sardinia Banani May-2010 Myriad Niketon April-2010Page- 7