Sobha Developers Q3FY08 Results

Sobha Developers Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 611 million for the quarter ended December 31, 2007 as compared to Rs 457 million for the quarter ended December 31, 2006. Total Income has increased from Rs 2985 million for the quarter ended December 31, 2006 to Rs 3557 million for the quarter ended December 31, 2007.

The figures for the Quarter ended December 31, 2006 are Audited.

Sobha Carnation at Pune

Sobha Developers Ltd has informed that Company will be launching its first Real Estate Project "Sobha Carnation" in Pune on October 31, 2007. This will be developed in 5.70 acres of land with a developable area of over 3.05 lacs SFT. This Project will have 3 & 4 Bed Room Super Luxury Apartments, Duplex Type and Penth Houses. Amenities of the project includes, Swimming pool, Gym, Club house, Amphitheatre, Steam sauna, Tennis court, Table tennis room, Jogging track and others. This project is expected to be completed over a period of 25 months.

Sobha Developers Q2FY07 Results

Sobha Developers Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 561.81 million for the quarter ended September 30, 2007 as compared to Rs 370.91 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3262.46 million for the quarter ended September 30, 2006 to Rs 3330.10 million for the quarter ended September 30, 2007.

Sobha Developers

Sobha Developers Ltd has informed that the Company has entered in to a Joint Development Agreement with QVC Realty Pvt Ltd and Chintels India Ltd, to develop an integrated township spread over 192 Acres in Gurgaon, Haryana. This is an addition to the list of integrated township projects already launched by the Company in Kochi and Thrissur.

The salient features of the project:

- An integrated township of world-class design and quality consisting of single-family homes, apartments, commercial, retail and office space.

- One of the largest developments of its kind in Gurgaon.

- Strategically located in Sector 106-109 and well connected to Delhi and Gurgaon.

- Projected Investment estimated to be over Rs 20,000 Million and the total development in excess of 6.5 Million Square Feet.

Sobha Developers Limited

Bank Sarasin & Co. Ltd. (A Bank based in Switzerland which has taken a pledge of the below mentioned shares from one of the promoters of the Target company)

5700000 shares or 7.818% of the equity

Sobha Developers Limited

Sobha Developers Limited has informed the Exchange that "We are in receipt of a letter from Mrs. Sobha Menon, Promoter Director of our Company informing us that she has pledged 5,700,000 (Fifty Seven Lakhs only) Equity Shares with the Bank Sarasin & Co. Ltd, Switzerland for expanding offshore businesses".

Morgan Stanley - Overweight and Underweight

Overweight

Hexaware Technologies

House of Pearl Fashions

Union Bank of India

Parsvanath Developers

Sobha Developers

TCS

Aventis

Amtek Auto

Indian Hotels

Mahindra and Mahindra

Underweight

IDBI

Ultratech Cement

Kotak Mahindra Bank

Hotel Leela

EIH Ltd

Tata Motors

ACC

Ambuja Cements